TRUTH Social

Trump’s Truth Social is Creating ‘Non-Woke’ Investment Portfolios for MAGA Cult Investors/Dupes

Posted by on April 17, 2025 at 12:46 pm. 1 Comments :

It just never stops. Donald Trump, the Grifter-in-Chief, has spent his life peddling scams to anyone who was gullible enough to fall for them. He may have begun with gaudy, overvalued condos, elitist golf club memberships, and now bankrupt casinos, but he quickly expanded into cheesy merchandise like digital trading cards and swatches from the suit that he wore for his mug shot photo.

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Donald Trump, Stock Market

Even after Trump’s occupation of the White House, he didn’t slow down his sleazy swindle ops that included pitching products so ludicrous that professional comedians couldn’t keep up with their comparatively mild swings at satire. Trump had the market cornered on comically corrupt commodities. And speaking of commodities, Trump has been dealing in those as well…

SEE THIS: THE TRUMP INDEX: While Trump Tanks the US Economy, What’s Going on With the Trump Cult Economy?

Now the Trump Media and Technology Group (TMTG), the parent company of his failing Twitter ripoff, Truth Social, is officially entering the financial services business. In an announcement on Thursday, TMTG revealed that…

“Trump Media and Technology Group (TMTG) has partnered with two other companies to create investment portfolios that they say will support ‘non-woke’ companies. […] In a press release, TMTG said the SMA strategies it was unveiling were called ‘faith & values,’ ‘liberty & security,’ ‘energy independence’ and ‘made in America.’ It did not expand on which particular companies it would be investing in.”

This should thrill the MAGA cult disciples who have been wondering how they could lose even more money by investing in certified losers that are endorsed by Trump. The focus of the Trump investment portfolios rests on buzzwords plucked from his political rhetoric. And what could possibly have more income potential than “non-woke” enterprises that pursue the anti-democratic goals of the MAGA movement? Just look at Trump’s crypto coin that has lost 90% of its value since its launch two months ago. Or Trump’s TMTG that has lost 88% from its high mark.

MORE HERE: Grifter Trump is Hawking His Stock and Crypto that Have Lost Gullible Rubes Billions of Dollars

While TMTG hasn’t revealed what companies it intends to invest in, it isn’t hard to speculate. It is likely that Tesla will be among them. Also, the Trump-fluffing Newsmax cable network. Notably, the stocks of both of those businesses have cratered since Trump was inaugurated in January.

And not coincidentally, so has the stock market overall, primarily due to Trump’s recessionary economic plans featuring his inflationary tariffs. All the more reason that investors should be careful to avoid Trump’s “pump and dump” tactics that look suspiciously like illegal stock manipulation and insider trading. This may account in part for the extraordinarily large amount of short positions (betting the stock will decline) in TMTG.

UPDATE: Judd Legum of Popular Info has detailed how this venture by TMTG is structured to funnel funds to Trump. He writes that…

“Trump will profit from these accounts in two ways. First, TMTG will invest a portion of its cash reserves in accounts. Secondly, as the majority shareholder in TMTG, Trump will benefit from the fees generated by these accounts. […] But Trump, as President, will also be able to significantly influence the performance of these assets through tariffs and other policies.”

So before anyone actually invests in anything that is promoted by Trump, you may want to take a look at how disastrous his business enterprises have been lately, and how they are really only intended to enrich himself…

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

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 TRUMP INDEX: While Trump Tanks the US Economy, What’s Going on With the Trump Cult Economy?

Posted by on April 13, 2025 at 1:45 pm. 1 Comments :

On what Donald Trump called “Liberation Day” (April 2, 2025) – the day that he liberated most Americans from the funds in their savings and retirement accounts – he promised to revitalize the U.S. economy and bring millions of jobs back from foreign countries that he said were ripping off America by selling way too much of what they produce to American buyers eager for bargains.

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Trump Baby on Cash Pile

Yes, that complaint makes no sense whatsoever to anyone with a 6th grade grasp of economics. Which eliminates Trump. But it is what Trump and his MAGA minions are insisting is the brilliant plan that is elevating the United States to new heights of wealth and is working precisely as it was intended, despite his having reversed course several times and capitulated meekly to foreign adversaries.

SEE THIS: Trump Cult Priestess, Karoline Leavitt, Preaches to ‘Trust in Trump’ to Bring Economic Salvation

In the two weeks that have transpired since being “liberated,” the stock market has gyrated wildly and ended up about 2,000 points lower than where it was before Trump’s tariff blunders, and 4,000 points below where it was when he inherited it from President Biden.

So while the nation – and the world – is suffering the dreadful consequences of Trump’s purposeful incompetence, it seems like a good time to see how all of this has affected what could be called the “Trump Index” a bundle of investments affiliated with the confounder-in chief.

Trump Media and Technology Group (DJT):
The natural place to begin is with Trump’s own business that is the parent of his failing Twitter ripoff, Truth Social. Investors in this dog have lost about 50% from its price on Trump’s inauguration day twelve weeks ago. And it’s down a whopping 89% from its all time high.

Trump Meme Coin:
This is Trump’s entry into cryptocurrency that he launched on the day before his inauguration. And its performance since then has been a dismal decline of about 90%.

Newsmax (NMAX):
This notoriously pro-Trump MAGA media outlet went public about two weeks ago. Since then it has dropped 91% from its trading highs, making early investors significantly poorer, while simultaneously making them significantly more ignorant.

Rumble (RUM):
This is the MAGA world answer to YouTube. They record and post virtually every public appearance by Trump with unabashedly biased commentary from their Trump-fluffing correspondents. It has declined 43% since Trump’s inauguration.

Tesla (TSLA):
The automaker headed up by Trump’s billionaire oligarch, co-president, and director of the phony Department of Government Efficiency (DOGE), Elon Musk, has suffered a sever decline of 41% since Trump was sworn into office in January.

But not to worry. Trump and his cabal of billionaires will be just fine. They may have lost a small portion of their wealth, but only their loyal cult followers will feel the brunt of these abysmal investments. The the real targets of their economic assault – the American people – will be the most seriously wounded victims of this class war. And of course, it is, as Trump and his cohorts insist, all going according to their plan. Comforting, isn’t it?

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Fox Nation vs. Reality:
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Grifter Trump is Hawking His Stock and Crypto that Have Lost Gullible Rubes Billions of Dollars

Posted by on March 23, 2025 at 1:21 pm. 1 Comments :

Does the magnitude and shamelessness of Donald Trump’s corruption really surprise anyone anymore? Who could have guessed that the convicted felon responsible for bankrupting four casinos, stealing from his own charity, operating a phony university, and shuttering numerous hoaxes hawking everything from steaks, to air travel, to vodka, to magazines, to board games, would now be running money-losing hustles whose sole mission appears to be raking in cash for himself?

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Donald Trump, Stock Market

The audacity with which Trump executes his scams is extraordinary. Most con men are generally conscious of the lawless risks they are taking and strive to disguise the nefarious nature of their scams. But not Trump. In recent days he has transformed the White House into a Tesla showroom to bolster the flagging business of his co-president and oligarch bro, Elon Musk.

Trump also dispatched his Commerce Secretary, Howard Lutnick, to Fox News to pump up Tesla’s “unbelievably cheap” stock. Lutnick, who like Trump and much of his Cabinet is a billionaire, also assured Fox News that his mother-in-law wouldn’t mind if her Social Security check didn’t arrive, and anyone who did mind was a “fraudster.” You know, like all those fraudsters who rely on Social Security to pay for rent, groceries, medicine, doctor’s visits, child care, and so many more critical financial obligations.

SEE THIS: PHEW! Trump’s Billionaire Commerce Secretary is Cool If His Mom’s Social Security Doesn’t Come

What’s more, Trump is now trying to turn the White House itself into vehicle for bribes. He’s soliciting corporate sponsors for this year’s annual Easter Egg Hunt. Which is, of course, illegal.

In addition to all of the above, Trump just posted on Truth Social a couple of comments whose sole purpose is to enrich himself. Just two minutes apart, Trump bragged that…

“I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!”

[And…]

“TRUTH (Social) is on ‘FIRE’ (in a positive way, of course!). It is my Voice, and the Real Voice of America. Sign up TODAY, I have never let you down!”

This is what Trump is fixated on this morning.[Note: It aint grocery prices or national security or anything that the American people care about. It's just himself]

— News Corpse (@newscorpse.bsky.social) 2025-03-23T19:56:45.109Z

For the record, Trump’s crypto coin is down a whopping 84% from it’s launch a couple of days before his inauguration just two months ago. And Trump Media and Technology Group (DJT), the parent company of Truth Social, is down 50% from his inauguration, 68% year-over-year, and 88% from its all-time high. Suffice to say that those who were gullible enough to invest in those ventures lost billions of dollars.

Trump’s media company has been a disaster from the start. Here is a brief summation of its abysmal history…

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

Trump Wants to Run America Like his Businesses – Trump Media and Crypto – That are Crashing
Some analysts predicted that Trump’s businesses would enjoy a surge in value after his reelection. That has not been the case. Trump Media has declined 25% just since his inauguration. What’s more, Trump introduced a crypto coin just days before his inauguration. That has crashed 75% since then.”

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.

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash

Posted by on February 15, 2025 at 1:07 pm. 1 Comments :

In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

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Donald Trump Circling the Drain

Who could have guessed that the convicted felon responsible for bankrupting four casinos, stealing from his own charity, operating a phony university, and shuttering numerous scams hawking everything from steaks, to air travel, to vodka, to magazines, to board games, would now be running a money-losing hustle whose sole mission appears to be raking in cash for himself? As reported by CNBC, TMTG’s fortunes are something less than stellar…

“The company’s revenue declined 12% year over year, according to its annual report. The company saw its net loss widen to $400.9 million from $58.2 million in 2023.”

So in 2024 Trump’s boondoggle lost nearly seven times what it lost in 2023. And 2025 isn’t looking any better. Except, that is, for Trump himself, who is skillfully fleecing his flock of cult disciples, while simultaneously providing a path for parties interested in greasing his palm for political favors. That includes adversarial foreign operatives who are buying influence, not investing. A brief history of TMTG reveals the risk of trusting Trump with your money…

Trump Wants to Run America Like his Businesses – Trump Media and Crypto – That are Crashing
Some analysts predicted that Trump’s businesses would enjoy a surge in value after his reelection. That has not been the case. Trump Media has declined 25% just since his inauguration. What’s more, Trump introduced a crypto coin just days before his inauguration. That has crashed 75% since then.”

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

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.

If you you’re wondering why Truth Social is doing so badly, it may have something to with the content it offers. It is primarily an outlet for Trump’s malignant narcissism. So most people couldn’t care less. And even Trump’s devotees are likely bored by his relentless self-promotions. On Saturday morning, for instance, he posted 31 comments in nine minutes. They were mostly links to MAGA media like Fox News, Breitbart, and the New York Post, that spewed disinformation and lies.

Although there were also pitiful comments like this: “He who saves his Country does not violate any Law.” Which is pretty much a declaration of his belief that he is America’s dictator and not subject to those pesky legal trivialities that all the rest of us have to abide by.

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

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Trump Wants to Run America Like his Businesses – Trump Media and Crypto – That are Crashing

Posted by on February 4, 2025 at 2:42 pm. 0 Comments :

From the outset of his political misadventures, Donald Trump has sought to portray himself as an uncommonly successful businessman whose brilliance would benefit the nation that he promises to run just like he does his own businesses. However, when examining the real world record of Trump’s business management, that sounds less like a promise, and more like a threat.

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As anyone who has done even a modicum of research knows, Trump has presided over a flurry of failures, including four bankrupt casinos, a fraudulent university, and cheesy consumer products ranging from steaks, to air travel, to vodka, to magazines, and to games. None of which exist anymore. Even his real estate ventures have been less than impressive. Many of them are just facades where he licensed his name to properties built by other developers. And many of those have since had his name removed.

Trump’s most recent effort is the Trump Media and Technology Group that is the parent of his Twitter ripoff, Truth Social. This attempt to cash in on social media has been spectacularly disastrous. It went public in March of 2024, and has lost 60% of it value since then.

There are some analysts who predicted that Trump’s businesses would enjoy a surge in value after his reelection. That has not been the case. Trump Media has declined 25% just since his inauguration less than three weeks ago. What’s more, Trump introduced a crypto coin just days before his inauguration. That has crashed 70% since then.

So anyone investing in the Trump brand since his reoccupation of the White House has lost a bundle of money. And anyone contemplating future investments will steer clear if they’re smart. One thing that Trump has established is that his ventures are scams that only serve to fatten his wallet at the expense of the rubes who fall for his pitch. Just take a look at the recent history of Trump Media…

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

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.

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?

Be sure to visit and follow News Corpse
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And check out my books on Amazon:

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

Thanks so much for your support.

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. NO 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. NO 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.