![\"Donald](\"https:\/\/www.newscorpse.com\/Pix\/Trump\/trump-phone-pacifier-fox.jpg\")
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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…<\/p>\n
SEE THIS: Fox News Host Neil Cavuto Interrupts Trump\u2019s Lying to Note \u2018He\u2019s Not Entitled to His Own Facts\u2019<\/a><\/strong><\/p>\n 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.<\/p>\n 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.<\/p>\n 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<\/a><\/strong> that…<\/p>\n “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.<\/p>\n “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.<\/p>\n “Trump Media director Eric Swider and Scott Glabe, the company\u2019s general counsel, each sold fewer shares of the company, whose majority owner Donald Trump was elected president on Nov. 5. […]<\/p>\n “Juhan, who is also Trump Media\u2019s 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.<\/p>\n “On Monday, Juhan sold another 64,000 shares at $32.97 per share, another $2.11 million worth, the same filing said.”<\/p><\/blockquote>\n The CNBC report also noted that TMTG “report[ed] revenue of slightly more than just $1 million in the third quarter of this year,”<\/em> with “losses of $19.2 million for the quarter.”<\/em> 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<\/a><\/strong>. We’ll see.<\/p>\n For a some background on the financial and legal disaster that is Truth Social, see the following…<\/p>\n Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)<\/a><\/strong> Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)<\/a><\/strong> LOSER Trump\u2019s Truth Social is Well on its Way to Becoming His Next Bankruptcy<\/a><\/strong> Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat<\/a><\/strong> Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam<\/a><\/strong> Truth Social Disease: Ads on Trump\u2019s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch<\/a><\/strong> Be sure to visit and follow News Corpse
\nTMTG 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.<\/p><\/blockquote>\n
\nAn investigation of TMTG by ProPublica has just uncovered yet another example of the company\u2019s corruption. The report found that \u201cpeople with knowledge of the company\u201d 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 \u201cmismanagement\u201d and \u201cmisuse\u201d of funds by it’s CEO, and Trump flunky, Devin Nunes.<\/p><\/blockquote>\n
\nTMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor\u2019s Business Daily, \u201cTrump 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.\u201d<\/p><\/blockquote>\n
\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
\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
\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
\non Twitter<\/a> and Facebook<\/a> and Instagram<\/a> and Threads<\/a>.<\/strong>\n<\/p>\n