{"id":61934,"date":"2024-06-20T13:40:26","date_gmt":"2024-06-20T20:40:26","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=61934"},"modified":"2024-06-20T13:40:26","modified_gmt":"2024-06-20T20:40:26","slug":"from-hush-money-to-flush-money-trumps-felony-convictions-trigger-50-truth-social-stock-flop","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=61934","title":{"rendered":"From Hush Money to Flush Money: Trump’s Felony Convictions Trigger ~50% Truth Social Stock Flop"},"content":{"rendered":"

It has been nearly a month since Donald Trump was found guilty of 34 felony counts of falsifying business records in order to cover up his affair with adult film star, Stormy Daniels. Trump and his team have been frantically reacting to his being the first former president ever to be convicted of felonies by alternately whining that the system is “rigged”<\/em> against him, and\/or bragging that it’s all going to be a huge benefit for him. Which means that he doesn’t really believe either of those scenarios.<\/p>\n

Click here to Tweet this article<\/a><\/strong><\/p>\n

\"Donald<\/p>\n

In the wake of his convictions, Trump has been shaken by the reality that he is facing potentially severe consequences when his sentencing is handed down next month. He’s behaving like a desperate reality TV show character who is scared witless and is grasping at any notion that will relieve his fears. He is even lashing out at supporters, including his Ministry of Propaganda, Fox News…<\/p>\n

SEE THIS: TRUMP IS RIGHT! In a Mad Rage, Felon of Foy Declares that ‘Nobody Can Ever Trust Fox News’<\/a><\/strong><\/p>\n

However, Trump’s problems are not confined to his legal dilemmas. In the few short weeks since he was convicted, his financial fortunes have taken a significant hit. The stock for his floundering social media scam, Truth Social, has lost nearly 50% of its value, declining from about $52.00 on the day his verdict was announced, to about $27.00 now. The most recent drop<\/a><\/strong> came after early investors unloaded their shares on the first day they were allowed to by the Securities and Exchange Commission.<\/p>\n

“The share price of Truth Social owner Trump Media & Technology Group (TMTG) slid by more than 17 percent in after-hours trading on Tuesday, showing that investors were wary of additional shares being approved for resale by the Securities and Exchange Commission and possibly diluting their holdings \u2014 and more generally that there’s just not a very strong business case for the outfit’s once-soaring share price.”<\/p><\/blockquote>\n

That decline is just what has occurred since Trump was convicted. The stock is down even more (66%) from its $80.00 high three months ago. All of this means that the value of the enterprise to Trump is shrinking by the day. And he is subject to a share lock-up that prohibits him from selling any stock until late September. By then it could – and should – be essentially worthless.<\/p>\n

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. What follows are some of the reasons that anyone succumbing to the scam was foolish and destined for disaster…<\/p>\n

Are Trump\u2019s Nazi Videos and Hateful Posts Why Truth Social Lost $327 Million and 19% of Users?<\/a><\/strong>
\nIn 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\u2019s more, Truth Social lost nearly 20% of their active users in the past year.<\/p><\/blockquote>\n

Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus<\/a><\/strong>
\nA quick look at the company\u2019s prospectus should frighten off any astute investors. It is exposed as “a high-risk, speculative operation with few hard numbers behind it. It\u2019s already the subject of subpoenas, from regulators and a grand jury, even though it\u2019s barely off the ground.”<\/p><\/blockquote>\n

Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business<\/a><\/strong>
\nA 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.<\/p><\/blockquote>\n

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam<\/a><\/strong>
\nTrump’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.”<\/em><\/p><\/blockquote>\n

Truth Social Disease: Ads on Trump\u2019s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch<\/a><\/strong>
\nAdvertisers 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.<\/p><\/blockquote>\n

\n
\n

Be sure to visit and follow News Corpse
\non Twitter<\/a> and Facebook<\/a> and Instagram<\/a> and Threads<\/a>.<\/strong>\n<\/p>\n

And check out my books on Amazon:<\/strong>\n<\/p>\n

Fox Nation vs. Reality:
\nThe Fox News Cult of Ignorance.<\/a><\/strong>\n<\/p>\n

Thanks so much for your support.<\/strong><\/p>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

It has been nearly a month since Donald Trump was found guilty of 34 felony counts of falsifying business records in order to cover up his affair with adult film star, Stormy Daniels. Trump and his team have been frantically reacting to his being the first former president ever to be convicted of felonies by […]<\/p>\n","protected":false},"author":1,"featured_media":44433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,1201,11],"tags":[554,123,1457,1320,1458],"class_list":["post-61934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-justice","category-socialmedia","tag-donald-trump","tag-justice","tag-social-media","tag-stock-market","tag-truth-social"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-g6W","jetpack-related-posts":[{"id":64564,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=64564","url_meta":{"origin":61934,"position":0},"title":"Trump Insults America and its Justice Institutions as ‘SCUM’ Just Weeks Before His Inauguration","author":"Mark NC","date":"1\/2\/2025","format":false,"excerpt":"The new year is less than two days old and Donald Trump is already demonstrating that he has no comprehension whatsoever of how the people of America feel, or what the nation needs during challenging times. 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They range from selling cheesy merch like sneakers, phones, bibles, and crypto, to committing fraud that resulted in 34 felony convictions. Click here to post\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Trump Baby on Cash Pile","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61662,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=61662","url_meta":{"origin":61934,"position":3},"title":"What’s Roasting Trump’s Nuts? 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