TRUTH Social

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.

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The Fox News Cult of Ignorance.

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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.

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

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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. NO 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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Fox Nation vs. Reality:
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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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Fox Nation vs. Reality:
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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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Trump is Trying to Provoke Panic Over a Common Stock Market Drop to Save His Failing Campaign

Posted by on August 5, 2024 at 11:48 am. NO Comments :

President Biden is going to go down in history as patriot who always put his country before his own personal interests. That display of character was recently demonstrated again when he stepped aside and endorsed his Vice-President, Kamala Harris, to succeed him as the Democratic candidate for president.

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Donald Trump, Stock Market

For contrast, Donald Trump has always put himself before country and every other concern that wasn’t directly associated with his selfish aspirations for money or power or self-aggrandizement. Not to mention his compulsion to avoid going to prison. His malignant narcissism is so severe that he has openly expressed an explicit desire for catastrophes that would harm millions of Americans if it helped him in some way.

SEE THIS: Trump’s Cult Cheers His Hope that Americans Suffer a ‘Great Depression’ While Biden is President

On Monday morning Trump sought to exploit a decline in the stock market for his personal, political benefit. He posted a comment on his floundering social media scam, Truth Social, whose purpose could only be interpreted as a deliberate attempt to stoke needless panic and turn a small market dip into major disaster. He wrote that…

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”

This is just plain weird, as well as flagrantly untrue. First of all, if Trump wants to blame Harris for the wealth and prosperity of San Francisco and California, she probably won’t mind. Secondly, if the performance of the stock market is a reflection of the Biden/Harris administration, then it’s pretty good reason to vote for Harris and every other Democrat on the ballot. Thirdly, Trump is crawling out onto a pretty weak limb with his fear mongering about a “GREAT DEPRESSION.”

For the record, there was a real stock market crash in late 2008 during the GW Bush term that took the markets down 37%. The S&P index is down only about 2% today, and only 6% from its all time high. That’s a minor and expected correction from the 17% rise in the past year, and the 36% gain since Biden and Harris took office. What’s more, markets worldwide are also down about 2%. Does Trump think that Biden and Harris are also the leaders of every other country on the planet?

Financial experts know that markets are not driven by presidential politics. The gains and losses are due to the performance of the companies that comprise the indexes and the broader state of the economy. Which in this case is firing on all cylinders. Profits are at record highs. More jobs have been created than at any time in modern history. Manufacturing has returned to the U.S. from foreign shores. Wages are rising faster than inflation.

For a look at what bad management does to a company on the stock exchange, take a look at Trump Media and Technology Group (TMTG: ticker DJT) that is the parent corporation of Truth Social. While the broader markets are down about 2% today, DJT is down 8%. Furthermore, it is down a whopping 34% since it went public just four moths ago.

MORE HERE: Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat

Trump’s fear mongering is not just purposefully dishonest, it’s downright dangerous. He is trying to create a worse outcome by driving people to panic. He actually wants America to fail, and for people to get hurt, in order to prop himself up politically. And his cronies in Congress are playing along.

Trump seems to know that the only way he can win is for the American people to suffer. So he’s doing everything he can to produce that result. And anyone who is considering voting for him better reconsider. He’s not on your side. He’s only for himself. And he has no solutions to any of the problems that real people are facing. He has only whining, lying and fear mongering.

UPDATE I: The day following the “massive market downturn” that Trump said was leading to a “GREAT DEPRESSION,” the market gained back more than half of the prior day’s decline.
UPDATE II: Three days after Trump’s “GREAT DEPRESSION,” prediction, the market has recovered more than its losses. It is now higher than it was on before his gloomy and ridiculous prediction.

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Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat

Posted by on July 31, 2024 at 12:56 pm. 1 Comments :

it’s only been about a week and a half since President Biden passed the torch to Vice-President Kamala Harris. But the response has been an unprecedented tsunami of support from the American people that includes Democrats, Independents, and even disaffected Republicans. Hundreds of millions of dollars have been raised and tens of thousands of volunteers have signed on.

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The juggernaut that Harris is now commanding has upended the election in profound ways. The focus of the race has switched from an obsession with the nervousness of Democrats, to the weirdness of Republicans, especially Donald Trump and JD Vance. Even Fox News has broken ranks with their Dear Leader with an occasional nod to reality…

SEE THIS: WATCH: Fox News Host Says that Trump Calling Kamala Harris ‘Dumb’ is a ‘Profound Mistake’

However, Trump’s tribulations do not end with his sagging electoral prospects. One of the main reasons he’s running at all is to accumulate more wealth via grifting off of his glassy-eyed cult followers. And that isn’t going any better than his campaign is. [Note: The other reasons are to stay out of prison and to amass tyrannical power] A new report by “The Righting,” a conservative monitor of right-wing media, just released user data for Trump’s Truth Social that is sure to send the ketchup flying at Mar-a-Lago…

“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.”

These numbers are not only declining precipitously, they are virtually meaningless in the social media world. For comparison, Twitter/X, the site that Trump left to launch Truth Social, has more than 200 million daily active users. Which makes the valuation of Trump’s scam site – Trump Media and Technology Group (TMTG) – on Wall Street as preposterously exaggerated as his real estate assets that resulted in a nearly half billion judgment for financial fraud.

Trump’s stock price is not driven by the company’s financials. Rather, it is driven by two main factors. One: It’s a vehicle for the wealthy and corporations, even foreign interests, to surreptitiously (i.e. illegally) buy influence. And two: It trades on the whims of his cult disciples who believe that they will cash in when he returns to the White House. That latter scenario is becoming less plausible every day. The stock (DJT) is down 56% since it went public on March 26, 2024.

In addition to the financial woes of Truth Social, it has a long history of legal problems as well. And there is news on that front. A new ProPublica investigation has found some more shady business dealings at TMTG. It involves the acquisition of a tech company with tentacles that reach into Slovenia, China, and Russia. Although both it’s operations and executives are mysterious and unaccountable. Could it be another pipeline to funnel funds between Trump and businesses and/or governments with conflicts of interest?

Trump’s Truth Social has never been a a good business or investment. It has been unable to attract or maintain a significant user base. It has failed to produce sufficient revenue to remain in business. It has been horribly mismanaged by incompetents and criminals. And there is abundant evidence of all of that…

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’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business
A Securities and Exchange Commission (SEC) filing by the company reveals its financial frailty. The report paints a pitiful picture of the enterprise’s prospects going forward and reveals that it has lost $31.5 million since it opened for business just two years ago.

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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Crybaby Trump Unleashes a Flaming Freak Out Vilifying Fox News for Not Censoring his Foes

Posted by on July 30, 2024 at 1:28 pm. NO Comments :

The acute personality disorders of Donald Trump have been well documented for many years. Particularly his severe case of malignant narcissism. And mental health professionals have long predicted that his symptoms would grow progressively worse over time without treatment, which he would never agree to.

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Donald Trump, Wah

Therefore, it is not surprising that Trump’s condition has noticeably worsened with extraordinarily grave intensity. With each passing day Trump becomes more detached from reality and displays ever more extreme hostilities. His animosity toward those he regards as enemies is expressed on a daily basis on his floundering social media scam, Truth Social…

SEE THIS: Trump’s Frantic Fear of Kamala Harris Overflows in a Manic Meltdown on Truth(less) (anti)Social

All day Monday Trump unloaded another barrage of venomous vitriol. This time the target of his tantrum included his very own Ministry of Propaganda, Fox News. It’s not the first time that Trump has lashed out at his MAGA media network, even as he is simultaneously gracing it with his noxious presence on the programs of his loyal sycophants such as Sean Hannity, Jesse Watters, Laura Ingraham, and the “Curvy Couch” potatoes of Fox and Friends. But it was one of his most vicious and sustained assaults. He began by posting the following inquiry…

“Why is FoxNews putting on Crazy Kamala Harris Rallies? Why do they allow the perverts at the failed and disgraced Lincoln Project to advertise on FoxNews? Even Mr. Kellyanne Conway, a man so badly hurt and humiliated by his wife (she must have done some really NASTY things to him, because he is CRAZY!), is advertising on FoxNews. We have to WIN WITHOUT FOX!”

From Trump’s perverse perspective, an alleged “news” network should not be covering the campaign of the Democratic Party’s presumptive nominee for president, Kamala Harris. [Note: He’s also changed his nickname for her again, from “Laffin'” to “Lyin'” and now “Crazy Kamala”]. Then he whines about Fox News having sold advertising time to his critics. It must be awful for the “most fabulous whiner” (his words), to have to watch these blisteringly accurate presentations of him…

in response to this affront to his massive, yet fragile, ego, Trump let loose 37 posts on Truth Social. They were mostly weird memes with QAnon themes proclaiming Trump as the messiah or Democrats as evil. Some of the bizarre messages implied that the FBI “ordered the assassination” of Trump; said that January 6th was “an inside job;” called Harris a “Cackling Moron;” called Nancy Pelosi “Batshit Crazy;” and declared that Trump is “what god has ordained.”

Also interspersed among these ravings were meme’s that expressed Trump’s malice toward Fox News, including “Scr*w you FOX!;” “Who needs RINO FoxNews?;” “I don’t watch Fox News.;” and “Who needs Fake FOX & CO?” One example that just oozed his seething fear made the outlandish accusation that Fox News hosts Neil Cavuto and Shannon Bream are “On the Soros Payroll.”

That ought to be enough to convince most people that Trump is suffering from deep-seated anxieties and dread of the foreboding future that awaits him politically and legally. But sadly, there are those who have been indoctrinated into the Trump cult who can’t be convinced of anything, regardless of the abundant evidence. They are lost and irredeemable.

Let them go. There are still many more who remain rational and willing to join the reality-based community that will reject Trump’s egomaniacal totalitarianism and embrace the hope and honesty that Kamala Harris and the Democrats are offering. The next few months will be a bit nerve-racking, but with hard work and devotion to the principles that make America great, the result be a gratifying victory. Stay strong and true.

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Trump’s Frantic Fear of Kamala Harris Overflows in a Manic Meltdown on Truth(less) (anti)Social

Posted by on July 23, 2024 at 12:59 pm. 1 Comments :

It’s been only two days since President Biden announced that he would not seek reelection, and passed the torch to Vice-President Kamala Harris. In that time Harris as united the Democratic Party behind her candidacy and raised a record $81 million from grassroots supporters.

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Donald Trump Pacifier Fox

In that same short period of time, Harris’ opponent, Donald Trump, has exhibited an array of acute psychoses triggered by his inbred cowardice and innate inability to confront a competent, compassionate leader whose intelligence and moral character intimidates him. That’s especially true when that leader is a woman – a Black woman. Under such trying circumstances, Trump’s notorious weaknesses pour out in the most bizarre and pathetic ways…

SEE THIS: Crybaby Trump: I Hate it When People Laugh at Me, and When Kamala Harris Laughs at All

In the first few hours following Biden’s announcement, Trump behaved as if he was still running against the President, posting numerous comments on his floundering social media scam, Truth Social. But eventually someone on his nursing staff advised him that he has a new opponent. And with that Trump commenced an onslaught of vitriol and infantile tirades aimed at Harris. None of which contained any shred of truth or rationality. He began with this expression of surprise…

“Wow, just watching the Fake News, and they’re doing their very best to turn the Worst President in the History of our Country into a ‘Brilliant and Heroic Leader’ (He was heroic because he quit!), and to turn ‘Dumb as a Rock’ Kamala Harris from a totally failed and insignificant Vice President into a future ‘Great’ President. No, it just doesn’t work that way!”

There’s a boatload of malarkey in that commentary. First of all, Trump’s characterization of Biden is certifiably false. A survey of 154 presidential historians ranked Biden in the top third of U.S. presidents. They ranked Trump dead last. Secondly, Biden’s display of courage and patriotism was recognized in his selfless devotion to his country over his personal interests. Thirdly, Trump reverts to his natural obnoxiousness by insulting Harris’ intelligence and distinguished record of accomplishments.

But Trump’s reprehensible ranting was just getting warmed up. He went on to introduce his new nickname for Harris, “Lyin’ Kamala,” a pejorative prefix he has recycled several times already (e.g. Hillary, Comey, Cruz). he criticized her for her work on the border, which was never a part of her portfolio as vice-president (she was a diplomatic liaison to the Northern Triangle countries of Central America). He mocked her “terrible pole (sic) numbers.” And he laughably described himself as a “brilliant young man.” Yeah, he’s a regular prodigy.

However, perhaps the best indication of how deeply disturbed Trump is by the elevation of Harris, he is floating potential excuses to chicken out of the already scheduled debate in September. In fact, this is the second time that he has suggested that he wouldn’t participate. The first time he proposed that the debate be moved from ABC News to Fox News. Now he’s doubling down for no reason other than that he’s scared to show up at any forum that isn’t hosted by his Ministry of Propaganda. He raged that…

“ABC Fake News is such a joke, among the absolute WORST in the business. They try to make Crooked Joe into a brave warrior because he didn’t have the ‘guts’ to fight it out — He quit! They then tried to make ‘Sleepy’ look like a great President – he was the WORST, and Lyin’ Kamala into a competent person, which she is not. ABC, the home of George Slopadopolus, is not worthy of holding a Debate, of which I hope there will be many! MAGA2024”

Clearly Trump is terrified by the prospect of debating Harris and is desperately searching for a way out. And bone spurs likely won’t do the trick this time. Although he may have let slip what is actually driving his dread when he posted a comment saying that “Lyin’ Kamala Harris destroys everything she touches!” That would explain his trepidation. He’s afraid that if he does show up for the debate that she will destroy him. And in that respect his fear is well warranted and you can’t really blame him for wanting to hide out at his Mar-a-Lago bunker.

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