{"id":63210,"date":"2024-10-05T13:30:21","date_gmt":"2024-10-05T20:30:21","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=63210"},"modified":"2024-10-05T13:30:21","modified_gmt":"2024-10-05T20:30:21","slug":"trump-media-is-purging-those-too-weak-to-keep-up-the-crumbling-truth-social-scam-propublica","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=63210","title":{"rendered":"Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)"},"content":{"rendered":"

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.<\/p>\n

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

\"Donald<\/p>\n

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.<\/p>\n

SEE THIS: LOSER Trump\u2019s Truth Social is Well on its Way to Becoming His Next Bankruptcy<\/a><\/strong><\/p>\n

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<\/a><\/strong>…<\/p>\n

“Former President Donald Trump\u2019s 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.<\/p>\n

“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\u2019s board of directors.”<\/p><\/blockquote>\n

The ProPublica report found that “people with knowledge of the company”<\/em> 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”<\/em> and “misuse”<\/em> of funds by Nunes.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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…<\/p>\n

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat<\/a><\/strong>
\nThe 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\u2019s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.<\/p><\/blockquote>\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 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":"

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. […]<\/p>\n","protected":false},"author":1,"featured_media":41063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_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},"jetpack_post_was_ever_published":false},"categories":[1,11],"tags":[1235,554,174,1457,1458],"class_list":["post-63210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-socialmedia","tag-devin-nunes","tag-donald-trump","tag-propublica","tag-social-media","tag-truth-social"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-grw","jetpack-related-posts":[{"id":63725,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=63725","url_meta":{"origin":63210,"position":0},"title":"Trump’s Election Triggers Big Selloff of His Truth Social Stock – By Company Executives","author":"Mark NC","date":"11\/14\/2024","format":false,"excerpt":"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\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump Pacifier Fox","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-phone-pacifier-fox.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-phone-pacifier-fox.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-phone-pacifier-fox.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63574,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=63574","url_meta":{"origin":63210,"position":1},"title":"Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)","author":"Mark NC","date":"11\/1\/2024","format":false,"excerpt":"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. 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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\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":58998,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=58998","url_meta":{"origin":63210,"position":3},"title":"Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business","author":"Mark NC","date":"11\/14\/2023","format":false,"excerpt":"When Donald Trump announced the launch of Truth Social he boasted that it would be bigger and better than anything that had come before it, including Twitter (which some call \"X\"), the platform that had banned him for trying to incite a violent insurrection. To put it mildly, Truth Social\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump Circling the Drain","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-drain.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-drain.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-drain.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62402,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=62402","url_meta":{"origin":63210,"position":4},"title":"Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat","author":"Mark NC","date":"7\/31\/2024","format":false,"excerpt":"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. 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