TRUTH Social

LOLOL: ‘Feds Hijacked Truth Social’ According to Trump Post. And He Wants it Checked Out, NOW!

Posted by on December 28, 2024 at 1:49 pm. 0 Comments :

The madness of wannabe King Donald continues to illuminate the Intertubes with increasingly bizarre outbursts and unhinged episodes of derangement. If you thought it was inconceivable that anyone could vote for somebody this buoyantly bonkers before, you better hold on to your seat.

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Donald Trump Pacifier Fox

Trump’s failing Twitter ripoff, Truth Social, offers an endlessly rich supply of his hatred, ignorance, and narcissistic self-glorification. It also serves to fatten his wallet as the whole enterprise was structured as a scam that he is using to enrich himself and may be receiving funds (bribes?) from conflicted corporations and hostile foreign operatives.

SEE THIS: Grifter-in-Chief Trump Puts His Truth Social Stock into a Phony Trust Controlled by His Son

On Saturday morning Trump fired off a flurry of buffoonery that rivals anything that The Onion could have cooked up. Particularly notable was his repost of a MAGA cult disciple who goes by the name “Redhead Conservative.” Her comment was originally posted nearly a year ago on February 21, 2024, but Trump is only now getting around to regurgitating it.

What she was so feverishly upset about was her allegation that “Feds Hijacked Truth Social. Feds made my account disappear, and hundreds of others on Truth told me the same happened to them.” In response, Trump demanded to know “What is going on here? Check it out, NOW! DJT”

What indeed is going on here? This is a bombshell accusation that threatens to tarnish the sterling reputation of Truth Social as a source of honest discourse. (Okay, stop laughing). Somehow Redhead Conservative’s announcement that her Truth Social account disappeared was made on Truth Social. You figure it out. She went on to ask “What is Truth doing about it,” and to allege that the “Feds are running Truth Social.” Of course they are. Who could not have noticed?

[UPDATE: Trump has deleted his reposting of this. But it is preserved on TrumpsTruth, an independent site that archives everything Trump posts on Truth Social]

In addition to the post revealing the the Fed takeover of Truth Social, Crybaby Trump also posted a complaint about the celebrities who endorsed Kamala Harris during her campaign. He’s very disturbed that Beyoncé and Oprah were reimbursed for some of their expenses.

The charge that Harris had to pay these celebs for their support is preposterous. Their longtime political leanings were not exactly secret. Not surprisingly, Trump has ignored his own endorsements from billionaire oligarchs forking over hundreds of millions of dollars to him for which there is no accounting of its use. This represents an opportunity for corruption that even Fox News anchor Stuart Varney couldn’t ignore…

“Think about this: Nobody voted for Elon Musk. But with the support of Donald Trump he called the shots on shutting down the government, and he’s calling the shots on trimming the fat in government. In fact, he has influence on just about every aspect of policy, including who should take which job in the Cabinet.”

Finally, Trump also reposted a meme with photos of Trump and writer E. Jean Carroll, along with a caption reading “Should a woman go to jail for falsely accusing a man of rape? Retruth if you want justice for Trump.” Trump lost a defamation case brought by Carroll and was ordered to pay her $5 million. Shortly thereafter he repeated the very same defamatory comments and subsequently lost another round that cost him $80 million more. Now he’s going for a trifecta. Plus he seems to be determined to remind everybody that he is a misogynist and an adjudicated rapist.

SEE ALSO: SMART POLITICS? As Election Day Nears Trump Reminds America of His Sexual Assault Judgment

Maybe Trump and Redhead Conservative are right, and the Feds have infiltrated Truth Social. That would explain these profoundly stupid posts, allegedly by Trump, that seem designed to make him look foolish. Of course, his infamous idiocy and flaming maliciousness would also explain it. So what do you think? Was it the Feds, or the meds, or the redheads, or those meddlesome kids, or is his brain just on the skids?

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Grifter-in-Chief Trump Puts His Truth Social Stock into a Phony Trust Controlled by His Son

Posted by on December 21, 2024 at 12:57 pm. 2 Comments :

Donald Trump, is notorious for his unprecedented and brazenly corrupt behavior both in and out of office. He remains the only president in modern times to refuse to divest his personal business holdings or to release his tax returns.

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Donald Trump, Twitter

Among the most obvious vehicles for Trump’s financial shenanigans is his failing Twitter ripoff, Truth Social. Its stock has managed to maintain a preposterously high value despite losing millions of dollars and having a miniscule user base that seems to shrink every month. Nevertheless, it constitutes the largest share of Trump’s net worth.

This week, a new SEC filing by the company revealed that Trump has transferred his majority share holdings to a revocable trust in an attempt to deceive the public that he is separating himself from financial interest in the enterprise. But like virtually everything else that Trump engages in, it is a thinly disguised scam structured to unscrupulously enrich himself. As reported by USA Today…

“Trump transferred 114.75 million shares, or 53% of Trump Media & Technology Group’s outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings released Thursday evening. […]

Trump Media, which had a net loss of $19.2 million and earned $1 million in revenue in the latest quarter, is valued at over $7 billion. Trump’s stake in the company was valued at roughly $4 billion based on the stock’s last closing price of $34.71.”

The trust into which Trump transferred his shares cites Trump as its sole beneficiary. What’s more, it is fully controlled by his son, Donald Trump Jr., and there is nothing preventing Trump from intervening in its management. Being “revocable” means that Trump can change the terms, remove the trustee, or scrap it entirely, if it satisfies some greedy motivation on his part.

There are a couple of serious problems with the way Trump is handling this (and all of his other assets, for that matter). First and foremost, he can use the stock as means to collect funds (bribes?) from wealthy pals and corporations seeking favors from the his administration. Even more troubling is that he can do the same with foreign businesses and governments, including those hostile to the United States such as Russia, China, and North Korea, all of whom Trump idolizes and brags about having close relationships with.

Furthermore, Trump can violate his pledge not sell to shares in the company in order to cash in on his scam, while pretending that it was the trust, not him, who sold. That could put billions of dollars into his own pocket at the expense of all the other shareholders, who would see the stock value collapse if Trump – or his phony trust – sells out.

Trump’s refusal to divest of his assets, or place them in legitimate blind trusts, is a pretty good indication that he intends to repeat the unethical misdeeds of his previous administration, wherein he was reported to have earned as much as $160 million dollars from foreign sources – predominantly the Middle East and China. And the misuse of this bogus trust only affirms his determination to profit off of his sleazy business activities. Such as…

And then there’s this…

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
TMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily, “Trump Media reported net sales of $836,000, down 30% vs. a year earlier. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Bluesky and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

The Grifter-In-Chief: Will Donald Trump Divest From His Bribery Platform, Truth Social?

Posted by on November 20, 2024 at 2:01 pm. 0 Comments :

After Donald Trump was elected in 2016, there was a fierce debate over whether he would divest from his many business interests. The potential for unscrupulous persons and/or foreign agents to seek favor from Trump by exploiting those interests was undeniable, and many took advantage of the opportunity.

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Trump Baby on Cash Pile

Trump never did divest himself in his first term in office. Subsequently, it has been estimated that he made millions off of such nefarious dealings. He took in funds from hostile foreign governments with business pending before U.S. government agencies over which he had jurisdiction. Then he lied about doing so.

SEE THIS: Eric Trump Lies that Daddy Gave All Foreign Money Made at His Hotels to the Treasury

An investigation by Citizens for Responsibility and Ethics in Washington (CREW) found that Trump earned as much as $160 million dollars from foreign sources – predominantly the Middle East and China – during is first occupation of the White House…

“Throughout his time in office, President Trump, his family and his Republican allies repeatedly assured the public that his refusal to divest from his businesses wouldn’t lead to any conflicts of interest. Americans were promised that Trump would donate his salary, which he did, until maybe he didn’t — all while siphoning millions from taxpayers that more than offset his presidential pay. When it came to foreign conflicts of interest, Trump and his company pledged to pause foreign business. They did not.”

So what can we expect from Trump as he prepares to reoccupy the White House? Oddly, no one seems to be asking that question. Surely he is not planning to divest from any of the businesses that he didn’t divest from last time. But there is now a new entity that Trump didn’t have before, and that presents an even more troubling prospect for shady dealing.

Trump’s Truth Social, via its parent corporation, Trump Media and Technology Group (TMTG), is listed on the NASDAQ stock exchange. It is therefore available for any crooked scheme-ster to shovel shiploads of cash into, enriching the other shareholders, of which Trump is the biggest. And the funds can go directly into Trump’s bank account when he sells shares. Is this legal? Or ethical? Does he care?

SEE ALSO: Trump’s Refusal to Sign the Required Ethics Agreement is His Virtual Promise to Violate It

The potential for bribery is not the only value that Truth Social has for Trump. It also serves as his public relations platform where he announces everything from his Cabinet nominees to his hatred for Taylor Swift. There is no precedent for a sitting president to own a media company that is his primary source of communicating with the public. And he already has Fox News, which he doesn’t own financially, but does own ideologically.

What’s more, Truth Social serves as a flea market for Trump’s various merchandise sales. He has hawked all sorts of trashy products, including sneakers, books, gold coins, and NFT collectible cards. And he is still pitching his merch, even after the election. The latest item that he’s peddling is a personalized guitar…

Trump’s scammy social media website is proving to be a valuable PR and marketing venue, even though it’s an epic disaster financially. It can’t attract or retain users or advertisers. It reports losing millions of dollars in every quarterly report. It’s principle executives are embroiled in financial and legal scandals. And it is unable to compete with the other social media platforms that are far bigger.

Nevertheless, Truth Social still has some significant value for Trump. Because it is able to serve as a depository for bribes from nefarious entities. And nobody in the regulatory, legal, or even political fields seem to care. See the following for more…

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
TMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily, “Trump Media reported net sales of $836,000, down 30% vs. a year earlier. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Instagram and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

Trump’s Election Triggers Big Selloff of His Truth Social Stock – By Company Executives

Posted by on November 14, 2024 at 11:10 am. 0 Comments :

Among the egomaniacal delusions of Donald Trump is his insistence that whatever he touches turns to gold, and that positive news about anything is only due to his divine intervention. Conversely, he wants people to believe that any catastrophe (Ukraine, Gaza, Hurricanes) would never have happened if he were in charge. It’s a symptom of the malignant narcissism that he has been suffering from for decades.

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Donald Trump Pacifier Fox

During the 2024 presidential campaign, Trump countered the fact that the stock market was booming by claiming that it was only because investors were anticipating his return to the White House. Never mind that the market hit record highs throughout the four years of President Biden’s administration. Also, unemployment hit record lows, the GDP soared, inflation was cut in half, and numerous other indicators showed gains that Trump could not have had any effect on. He was even called out about this by his Ministry of Propaganda, Fox News…

SEE THIS: Fox News Host Neil Cavuto Interrupts Trump’s Lying to Note ‘He’s Not Entitled to His Own Facts’

However, it would be difficult now for Trump to explain how the perception of his magnificence is turning the putrid pile of manure known as Truth Social into a bouquet of fragrant roses. Since election day on November 5, the stock of Trump Media and Technology Group (TMTG), the corporate parent of Truth Social, has declined about 40%, from an intraday high of $45.00 to it’s current value of about $27.00.

So does Trump now believe that, since the world revolves around him, his election is responsible for the selloff and investors nervousness about its continued viability? Not likely. He is protected by a perverse psychological defense mechanism that is triggered whenever he is exposed to bad news about himself. This makes him immune from harm because all he can perceive is his own greatness.

However, others with actual money on the line obviously feel differently. And those others happen to be principle executives of TMTG who are cashing out before the stock descends to its actual value of next to nothing. CNBC is reporting that…

“The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures.

“Most of the stock was sold by CFO Phillip Juhan, who in August adopted a trading plan that revealed his intention to sell 400,000 DJT shares by December 2025.

“Trump Media director Eric Swider and Scott Glabe, the company’s general counsel, each sold fewer shares of the company, whose majority owner Donald Trump was elected president on Nov. 5. […]

“Juhan, who is also Trump Media’s treasurer, sold 320,000 shares on Friday at a price of $30.65 per share, or a total of $9.8 million worth of stock according to a Form 4 filing with the U.S. Securities and Exchange Commission.

“On Monday, Juhan sold another 64,000 shares at $32.97 per share, another $2.11 million worth, the same filing said.”

The CNBC report also noted that TMTG “report[ed] revenue of slightly more than just $1 million in the third quarter of this year,” with “losses of $19.2 million for the quarter.” So the rush to bail out is a smart move by the company’s insiders and other investors. Trump himself, however, insists that he is not selling. We’ll see.

For a some background on the financial and legal disaster that is Truth Social, see the following…

Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)
TMTG makes a relative pittance and is losing millions. Were it to be valued according to its earnings it would be a penny stock. Its current value is entirely the result of the rubes who invest because they are indoctrinated members of the Trump cult.

Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)
An investigation of TMTG by ProPublica has just uncovered yet another example of the company’s corruption. The report found that “people with knowledge of the company” have confirmed that several top executives of the company appear to have been ousted following an internal investigation by a lawyer that the company hired to examine allegations of “mismanagement” and “misuse” of funds by it’s CEO, and Trump flunky, Devin Nunes.

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
TMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily, “Trump Media reported net sales of $836,000, down 30% vs. a year earlier. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Instagram and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)

Posted by on November 1, 2024 at 3:37 pm. 1 Comments :

Donald Trump is fond saying that any good news that happens anywhere in the world is due to him or the perception that he is likely to return to power. And conversely, that his not having control of the reins of government is responsible for any bad news. It’s a win-win perversion of reality that feeds his massive, yet fragile, ego.

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Donald Trump Circling the Drain

However, many psychological experts and academics agree that the debilitating severity of Trump’s psychoses make him unfit for any position of authority. His obvious cognitive deficiencies forebode catastrophe were he to reoccupy the White House. A warning was issued recently in “a letter signed by more than 200 mental health professionals” who said that…

“Donald Trump is dangerous because of ‘his symptoms of severe, untreatable personality disorder – malignant narcissism’, which makes him ‘grossly unfit for leadership.’ [and that he poses] an existential threat to democracy. [and that he] shows a lifetime pattern of ‘failure to conform to social norms and laws,’ ‘repeated lying,’ ‘reckless disregard for the safety of others,’ ‘irritability,’ ‘impulsivity,’ ‘irresponsibility,’ and ‘lack of remorse.

Those symptoms were evident in remarks Trump made at his cult rally Thursday in Nevada. Among his diversions from the real world was a detour he took lauding his failing Twitter ripoff, Truth Social. As usual, he sought to portray everything that he touched as golden, no matter how absurdly misguided (video below). He said that…

“‘Sir. You’ll never get the name ‘Truth,’ sir. That’s a term that you will never get.’ I said I only need five letters, right?. I said ‘Wouldn’t ‘Truth’ be great?’ They said ‘Sir, you won’t get it. You won’t get it.’ I said ‘Check.’ They said ‘Sir, I will, but you’re not gonna get it.’ ‘CHECK!’ And they came back, ‘Sir, it was available and we bought it for $2,000.’ Can you believe it?”

Let’s pause here to note that this is another one of Trump’s wholly imaginary discussions with the voices in his head who always call him “Sir.”. However, the fact is that he did not get the name “Truth” for his website. He got “Truth Social.” The “Truth” dot com domain is currently owned by a hardware business in Owatonna, Minnesota. Undaunted, Trump continued…

“And then it had a little burst. I don’t know what the hell’s going on. So. here’s my friend, he said they deplatform you, they take it all away, they try to destroy you. And you open up something and, as of yesterday it was worth 10 billion crazy dollars. Did you see that? Ten billion dollars, Mr. Senator. And they are going crazy.”

It’s pretty safe to agree with Trump when he admits that “I don’t know what the hell’s going on.” Although he’s also right about the current net asset value of the stock of Truth Social’s corporate parent, Trump Media and Technology Group (TMTG). However, that value is entirely the result of the rubes who invest because they are indoctrinated members of the Trump cult.

TMTG makes a relative pittance and is losing millions. Were it to be valued according to its earnings it would be a penny stock. However, when the stock recently rose in value, Trump declared that it was because he was beating Kamala Harris in the polls by a lot (he wasn’t), and that investors believed he was going to be the victor in the election. But that would be a preposterous foundation on which to invest. He is more than likely to lose, and the company would still be pretty much worthless if he won.

That said, as Trump was bragging about the value of the Truth Social, it’s value was taking a nosedive. This week it dropped about 46% from its intraweek high. Would Trump now say that the reason for that collapse is that he’s losing in the polls and and investors expect Harris to beat him next week? Not likely. That’s where the defense mechanism of his mental maladies kicks in. His psyche is immune from harm because all he can see is his perceived greatness.

BONUS UPDATE: Trump Media Outsourced Jobs to Mexico Even as Trump Pushes “America First”

In the meantime, here is a brief record of the disastrous existence of Truth Social and TMTG…

Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)
An investigation of TMTG by ProPublica has just uncovered yet another example of the company’s corruption. The report found that “people with knowledge of the company” have confirmed that several top executives of the company appear to have been ousted following an internal investigation by a lawyer that the company hired to examine allegations of “mismanagement” and “misuse” of funds by it’s CEO, and Trump flunky, Devin Nunes.

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
TMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily, “Trump Media reported net sales of $836,000, down 30% vs. a year earlier. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Instagram and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)

Posted by on October 5, 2024 at 1:30 pm. 1 Comments :

From its inception, the Trump Media and Technology Group (TMTG) has been a shady operation steeped in scandals that are rampant with legal, financial, and ethical misconduct. Although the disgraceful record of this corporate parent of Truth Social will surprise no one, considering the unscrupulous character (or lack thereof) of the syndicate’s boss, Donald Trump.

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Donald Trump, Twitter

An investigation of TMTG by ProPublica has just uncovered yet another example of the company’s corruption. Not that more examples were necessary to grasp just how rotten this organization is. And its performance in the social media marketplace has been less than impressive. In fact, it’s been downright abysmal.

SEE THIS: LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy

The ProPublica probe reveals the hemorrhaging personal situation at the company that is run by Devin Nunes, a devoted Trump flunky. Nunes had zero experience in either business or technology when Trump persuaded him to resign his seat in Congress to head TMTG. And now it appears that the same sort of unflinching loyalty that Trump demands is the standard operating procedure at Trump Media. According to ProPublica…

“Former President Donald Trump’s media company has forced out executives in recent days after internal allegations that its CEO, former Rep. Devin Nunes, is mismanaging the company, according to interviews and records of communications among former employees.

“Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous ‘whistleblower’ complaint regarding Nunes that went to the company’s board of directors.”

The ProPublica report found that “people with knowledge of the company” have confirmed that the chief operating officer, chief product officer, and other lower level personnel, appear to have been ousted following an internal investigation by a lawyer that the company hired to examine allegations of “mismanagement” and “misuse” of funds by Nunes.

However, the internal probe was not to ascertain whether there was misconduct, but instead to identify the disloyal scoundrels who dared to report it. That seems to be what resulted in the terminations of the executives who reported to Nunes.

So now, a company that has been failing from day one, and that has been the subject of numerous legal and regulatory investigations, and that has lost about 60% of its value since it went public, is now running without key operational personnel. Which leaves the subject of the misconduct allegations, Nunes, to run the business unchallenged by anyone with a modicum of morality.

That should help to raise the prospects for this Ponzi scheme, where only the early investors (e.g. Trump, Nunes) will ever see any profit. The rest of the rubes will – and already have – lose vast fortunes. What else would you expect from an enterprise with the financial and legal history of this flagrant fraud? For the record…

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Are Trump’s Nazi Videos and Hateful Posts Why Truth Social Lost $327 Million and 19% of Users?
In the just first quarter of 2024 TMTG lost $327 million on revenue of less than $1 million. Which makes its stock valuation of $6 billion something of a joke. What’s more, Truth Social lost nearly 20% of their active users in the past year.

Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus
A quick look at the company’s prospectus should frighten off any astute investors. It is exposed as “a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground.”

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Instagram and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

Trump Rants Hysterically that Women are ‘Poor’ and ‘Depressed’ But that He Will Fix Everything

Posted by on September 21, 2024 at 1:14 pm. 0 Comments :

From the beginning of his misadventures in politics, Donald Trump has exalted himself as the panacea to all of life’s ills. He has insisted that only he could resolve the nation’s problems. He contends that all manner of misfortune – from inflation to the war in Ukraine – would never have happened were he in charge.

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Donald Trump, Woman, Fear

Trump’s magical mystery revisionist history is evidence of the severity of the decay that has spread in his sickly cerebral cavity. Not only is he clueless about problem solving, he is often the cause of the problem itself. And in the end he manages to humiliate himself with astonishingly deranged commentaries.

SEE THIS: TRUMP IS TOAST: The Washington Post’s Laundry List of Trump’s Increasingly Bizarre Claims

On Saturday morning Trump provided some outstanding examples of his demented world view. On his floundering social media scam, Truth Social, Trump posted a couple of manic messages that ought to scare the bejeebus out of anyone with a remnant of rationality.

Trump began his tantrum describing the horrendous state of women in America, saying in part (and in all-caps) that…

“WOMEN ARE POORER THAN THEY WERE FOUR YEARS AGO, ARE LESS HEALTHY THAN THEY WERE FOUR YEARS AGO, ARE LESS SAFE ON THE STREETS THAN THEY WERE FOUR YEARS AGO, ARE MORE DEPRESSED AND UNHAPPY THAN THEY WERE FOUR YEARS AGO, AND ARE LESS OPTIMISTIC AND CONFIDENT IN THE FUTURE THAN THEY WERE FOUR YEARS AGO! I WILL FIX ALL OF THAT, AND FAST, AND AT LONG LAST THIS NATIONAL NIGHTMARE WILL BE OVER. WOMEN WILL BE HAPPY, HEALTHY, CONFIDENT AND FREE! YOU WILL NO LONGER BE THINKING ABOUT ABORTION.”

Who better than Trump to assess this “NIGHTMARE” that women are enduring? Are there no better authorities on the status of women than someone who was found liable for sexual harassment and been adjudicated a rapist? Not to mention the dozens of other accusations of sexual assault that have been levied against him.

And yet, Trump sees himself as the savior of women who can make them all “HAPPY, HEALTHY, CONFIDENT AND FREE!” If only they would shut their yaps and do what he tells them to do. Gawd forbid any of them ever challenge or disagree with him. They, of course, would be put in their place as “low IQ,” “birdbrains,” and/or “crazy.”

Trump’s second morning harangue was aimed the media that he refers to in Stalinist terms as “the enemy of the people.” He started out lambasting a familiar foe, Bill Maher, who he calls “a befuddled mess.” Then he turns to Maher’s guests, “‘dumb as a rock bimbo’ Stephanie Ruhle” and “Trump hating loser, Bret Stephens.”

Naturally, Trump’s insult of Ruhle is a misogynistic screed that further demonstrates his hatred of women. And his attack on conservative pundit Stephens includes a swipe at the New Times that he thinks he is driving crazy. He also repeats his false claim that the Times is “FAILING,” suggesting that they “put it to sleep.” For the record, the Times is doing a heck of a lot better than Trump’s own Truth Social…

This is the what Trump felt compelled to address with just over six weeks until Election Day. Kamala Harris and Tim Walz are crisscrossing the country, holding rallies in swing states and interacting with voters. Trump, meanwhile, is phoning in to MAGA friendly TV shows and podcasts, and visiting places (e.g. New York) where he can’t hope to get any votes worth mentioning.

Nevertheless, Trump still has time to post ditzy diatribes on Truth Social where no one will see them but his cult followers, and critics who find him pathetic and ripe for ridicule. It’s a brilliant campaign strategy that befits a “stable genius.”

UPDATE: Desi Lydic of The Daily Show has something to say about Trump’s promise to be the protector of women…

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Trump’s Promise Not to Sell His Truth Social Stock May Land Him in Financial and Legal Peril

Posted by on September 14, 2024 at 10:36 am. 7 Comments :

The candidacy of Donald Trump for president is historic in many respects, none of which are actually respectable. For instance, he is the first candidate to have had three wives, all of whom he cheated on, including with a porn star whose silence he tried to buy for $130,000.00. He is the first to have hosted a sham reality TV game show, but had no experience in government or military service. He is the first to have been adjudicated as a rapist.

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Donald Trump, Stock Market

In addition to his continually lengthening rap sheet, Trump is also the first candidate of a major political party (if we can still call the Republican Party that) to be running after having been convicted of 34 felonies, with another 52 charges pending. With that sort of record, the last thing that Trump needs is to engage in more criminal activities that burnish his credentials as an aspiring mob boss.

SEE THIS: WHOA! Did Trump Just Admit that He’s Guilty and is Whining that He Couldn’t Make a Plea Deal?

Nevertheless, this week Trump may have set himself up for some more indictments related to his notoriously unscrupulous business operations. At a press avail staged at his Palos Verdes, California, golf resort, Trump was asked a question about the abysmal performance of his Trump Media and Technology Group (TMTG) stock that has lost more than three quarters of its value since its March debut on the NASDAQ stock exchange…

Reporter: Trump Media shares (DJT) are down about 75% since their peak in March. Your lockdown provision ends soon. Will you sell your shares?
Trump: No, I’m not selling. I love it.

Driving the point home, Trump later repeated that “I’m not gonna sell my shares. I don’t need money” Which makes it all the more curious that he is constantly begging his cult followers for more donations and trying to sell them garbage like Trump-branded sneakers and bibles. But more to the point, Trump has now made a declarative statement that he is not going to sell his shares of TMTG when the lock-up period expires in the next week or so.

The problem with that is that, now, if Trump does sell, he could be in violation of Federal securities fraud laws governing stock manipulation and subject to up to 20 years in prison. It is illegal for company principals and major shareholders to mislead investors as to their future positions in a stock.

The reason for these laws was evident in the movement of the stock following Trump’s statement. The stock jumped $4.00 (a 27% increase) after he made this comment. Then it fell back a couple of bucks before the NASDAQ briefly suspended trading. But the effect was obvious to everyone but Trump, who posted a furious complaint on his failing Truth Social website…

“Why is NASDAQ halting the sale of DJT? What right do they have to do this? They have done it twice today. What’s going on? Are they taking orders from the SEC, which, for political reasons, delayed us for an inordinate amount of time, therefore hurting the stock very badly? I am going to hold NASDAQ, and maybe the SEC, liable for doing what they are doing. If they do it again, we will move the stock to the New York Stock Exchange. It is my intention to own this stock for a long period of time. In my opinion, it is THE REAL VOICE OF AMERICA, but it is definitely MY VOICE, and it will be for a long time to come!”

Naturally, Trump was outraged for what he can only perceive as a personal attack on his eminence that involved some imaginary, widespread, “Deep State” conspiracy against him. The temporary delay in trading was a routine response to unusual volatility in the stock. It was not for “an inordinate amount of time.” It was for five minutes, twice, to protect investors from potential fraud. But no one will be surprised that Trump resorted to issuing a threat in response to the prudent measures taken as a result of his irresponsible – and likely dishonest – comments.

In the next week or so we will see whether Trump keeps his word not to sell any of his shares. If he does sell, it will not only tank the stock, causing major losses for the remaining shareholders, it will make Trump liable for potential charges of stock manipulation, as well as lawsuits from other shareholders. And all of this is unfolding in the final weeks of the presidential campaign when he is already suffering major political losses.

The troubles that are drowning Trump’s website and stock are nothing new. What follows are a few of the financial and legal blows that his failing enterprise has endured…

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
Trump Media reported net sales of $836,000, down 30% vs. a year earlier. It was the third straight quarter of roughly $800,000 in revenue, up slightly from Q1’s $770,500. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

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Circling the Drain: Trump’s Truth Social Craters Since the Kamala Harris Speech at the DNC

Posted by on August 27, 2024 at 1:53 pm. 1 Comments :

The campaign strategies of Donald Trump have always rested on his dystopian nightmares of what the world will become without his divine direction as dictator. He credits himself with every positive occurrence that happens whether he is in office or not. And he blames his foes for any negative outcomes even when he is obviously at fault.

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Donald Trump Circling the Drain

The acute case of malignant narcissism that Trump suffers from leads him to wallow in a constant stew of psychoses alternating between victimhood and delusions of grandeur. All the while he fantasizes about triumphing over his opponents with villainous glee and powers that he doesn’t have.

SEE THIS: Wannabe Dictator Trump Seeks to Cancel Kamala Harris asking: ‘What Gives Her the Right to Run?’

Lately Trump has been fear mongering about a 1929-style stock market crash if Kamala Harris is elected. He’s also claiming that the Market’s steady rise is due to investors believing that he will return to the White House. For instance, Trump said this just two weeks ago…

“Many people say that the only reason the stock market is up is because people think I am going to win. Did you ever hear that? But there was one day a couple of weeks ago when they were not thinking that and you saw what happened. This will be a 1929 crash.”

These self-serving and ignorant remarks raise three salient points:

  • 1) He’s been predicting a Stock Market crash for years without it ever coming to pass. He did it when he was running against both Hillary Clinton and Joe Biden.
  • 2) It’s ridiculous to say that stock values trade on speculation about partisan politics, rather than earnings and the economy.
  • 3) Why would investors think that Trump is going to win when Harris has taken the lead in virtually every poll and has all of the momentum?

Let’s just set aside Trump’s preposterous prophecies about the Market and instead take a look at the real world results of an enterprise that he actually has some influence over. His Trump Media and Technology Group (DJT) is the parent company of his floundering social media scam, Truth Social. And its recent performance is an illuminating indicator of his fabled business acumen.

Just in the few days since Kamala Harris delivered her nomination acceptance speech at the Democratic National Convention, Trump’s stock has declined 18%. In the same time frame the Dow Jones index rose 1.3%. And taking a broader view, DJT dropped precipitously in the past three months since the stock became publicly traded. It is down a whopping 57%, while the the Dow is up 6.6%.

UPDATE: Adding to the pressure on the stock price of Trump’s media scam is that its own executives (CEO Devin Nunes, COO Andrew Northwall, CFO and treasurer Juhan Phillip) are selling huge chunks of their shares. Perhaps that is their attempt to bail out before Trump has a chance to sell his shares, which isn’t until September 20.

The troubles that are drowning Trump’s website and stock are nothing new. What follows is a partial collection of the tribulations – financial and legal – that his failing enterprise has endured.

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
Trump Media reported net sales of $836,000, down 30% vs. a year earlier. It was the third straight quarter of roughly $800,000 in revenue, up slightly from Q1’s $770,500. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Are Trump’s Nazi Videos and Hateful Posts Why Truth Social Lost $327 Million and 19% of Users?
In the just first quarter of 2024 TMTG lost $327 million on revenue of less than $1 million. Which makes its stock valuation of $6 billion something of a joke. What’s more, Truth Social lost nearly 20% of their active users in the past year.

Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus
A quick look at the company’s prospectus should frighten off any astute investors. It is exposed as “a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground.”

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

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LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy

Posted by on August 10, 2024 at 3:49 pm. 1 Comments :

The last thing that Donald Trump needs now, as his campaign flounders in the wake of the Kamala Harris tidal wave, is for his business enterprises to crumble under the weight of his incompetence. Trump has already had numerous companies fail, including his egomaniacally self-branded meat, vodka, airline, university, and four (count ’em 4!) casinos.

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Donald Trump Circling the Drain

Trump’s resume in business was supposed to be a validation of his qualifications to serve as president. Instead, it is actually evidence of his ineptitude, which was affirmed by the abysmal job he did during his occupation of the white House. He mismanaged the COVID pandemic with horrific results. He tanked the economy. He alienated our international allies. He lost a record number of jobs. In other words, he did to America what he did to his bankrupt businesses. Yet he has the gall to disparage the leadership of Biden and Harris.

SEE THIS: UH-OH! Trump Meltdown Reveals Kamala Harris Plot to ‘Destroy’ the ‘County’ of America

On Friday the Trump Media and Technology Group (TMTG, parent company of of Truth Social), reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily…

“Trump Media reported net sales of $836,000, down 30% vs. a year earlier. It was the third straight quarter of roughly $800,000 in revenue, up slightly from Q1’s $770,500. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

So TMTG is sinking faster than a boat with an electric battery. Watch out for the sharks – and the windmills, and Hannibal Lecter. Its stock (DJT) has dropped a whopping 63% since its late March high when it went public. It has a wildly unworthy valuation of about $5 billion, despite having no revenue to speak of, and massive losses. So it has a lot of room to fall even farther.

The weakness of Trump’s stock makes it less useful as a vessel to funnel laundered funds to him by his political allies, which include foreign interests. There was speculation that such illegal tactics were being used to buy influence with Trump should he be reelected. And those weren’t the only legal shenanigans associated with TMTG. There has been a rash of civil and criminal charges that plagued the enterprise and its principles from its inception, including disclosures of alleged funding from Russia.

Trump’s personal stake in the company could net him a hefty windfall. But he can’t cash out until late September. The stock is likely to have lost significantly more value by then. And if he does sell, it will trigger a crushing rush to the exits that could cripple the company and its future prospects as a going concern. Not that he cares. Trump’s modus operandi has been to run companies into the ground, skim off the cream at the top, and let everyone else suffer from the financial catastrophe that he created. This will be just be more of the same.

SEE ALSO: Trump is Trying to Provoke Panic Over a Common Stock Market Drop to Save His Failing Campaign

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