{"id":70107,"date":"2026-06-10T13:27:33","date_gmt":"2026-06-10T20:27:33","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=70107"},"modified":"2026-06-10T13:27:33","modified_gmt":"2026-06-10T20:27:33","slug":"trump-ditches-plans-to-spin-off-his-failing-truth-social-scam-into-a-separate-failing-scam","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=70107","title":{"rendered":"Trump Ditches Plans to Spin Off His Failing Truth Social Scam Into a Separate Failing Scam"},"content":{"rendered":"

The latest brilliant business move by Donald Trump might just eclipse his infamous flops of the past wherein he bankrupted four casinos, shuttered his phony “university”<\/em> and discontinued dozens of hokey side hustles (water, ties, steaks, magazines, games, watches, cologne, crypto, etc.) intended to separate his gullible flock from their finances.<\/p>\n

Click here to post this article on Twitter<\/a> or Click here to post on Bluesky<\/a><\/strong><\/p>\n

\"Donald<\/p>\n

Five years ago Trump launched his Trump Media and Technology Group (TMTG) that was the parent corporation for his Twitter ripoff, Truth Social. But since then TMTG has diversified it into a variety of totally unrelated – and equally unsuccessful – businesses such as streaming video, cryptocurrency, MAGA-centric mutual funds, and even nuclear fusion. And because they were all affiliated with Trump, they have all performed with the hallmark ineptitude that is emblematic of the Trump name.<\/p>\n

Now Trump has announced that his primary TMTG operation, Truth Social, has suffered a staggering setback. He had previously announced that it was going to be spun off into a separate, standalone company. But now those plans have been scuttled<\/a><\/strong>….<\/p>\n

“Trump Media and Technology and TAE Technologies announced on Wednesday they have abandoned plans to spin off Truth Social and certain other media assets into a separate publicly listed company. The companies did not disclose reasons for canceling the proposed spinoff of the conservative-focused social media platform.”<\/p><\/blockquote>\n

There really wasn’t any need to disclose the reasons for this annulment. It’s obvious that Truth Social is too weak to survive on its own. It has never made a profit. It has abysmal user statistics. It has been mired in criminality and other scandals. TMTG stock, with Truth Social as its core component, has suffered an 90% decline from its high mark. Who would want to invest in that?<\/p>\n

What’s more, there is new evidence every day that Trump enterprises are nothing more than con games intended to enrich him and his mob family. Most recently, Reuters reported<\/a><\/strong> that…<\/p>\n

“[The] Trump family has made $2.3 billion from crypto with little-to-no downside risk, while other investors have lost $2.3 billion, including paper losses, as of the end of April.”<\/p><\/blockquote>\n

That’s not exactly a track record that will encourage investor participation. Instead, it illustrates how Trump exploits his cult disciples for his own financial benefit, and provides pathways for conflicted parties (corporations and foreign operatives) to funnel cash (aka bribes) to him. And that’s pretty much been his modus operandi from the start. For instance…<\/p>\n

YOU’RE FIRED: Trump Media’s CEO, Devin Nunes, Gets Booted From the Failing Truth Social Company<\/a><\/strong>
\nDevin Nunes, who had no relevant business experience whatsoever, proceeded to run the sham operation into the ground. He packaged it with a variety of unrelated undertakings, such as cryptocurrency, mutual funds, gambling, and even an attempt at AI that seemed to go rogue<\/a>.<\/p><\/blockquote>\n

Trump\u2019s Cratering Truth Social Stock Reflects the Catastrophe of Everything That Trump Does<\/a><\/strong>
\nTrump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders. [\u2026] The coins won\u2019t represent ownership of DJT shares, and may not be transferable or exchanged for cash.<\/p><\/blockquote>\n

Trump\u2019s Scammy Media Stock, and Truth Social Parent, Completes a Classic Pump and Dump<\/a><\/strong>
\nThe merger of the Trump Media and Technology Group (TMTG) with TAE Technologies, a nuclear fusion startup. TAE\u2019s energy products are at present speculative and they have no facilities generating any power resources. Nevertheless, the news caused TMTG\u2019s stock to surge 33%, but two weeks later reversed course back to around $12.80. So anyone who jumped in on the news is already suffering a 25% loss.<\/p><\/blockquote>\n

Trump Media (Truth Social) Falls to Its Lowest Point Ever – And So Does Donald Trump<\/a><\/strong>
\nReflecting the animus that Trump inspires in America, his scam business venture, Trump Media and Technology Group, is suffering its worst week since it went public a year and a half ago. It has lost a whopping 80% of its asset value since then.<\/p><\/blockquote>\n

The Trump Media and Technology Group (Truth Social) Scam Reflects His Fondness for Fraud<\/a><\/strong>
\nDuring an interview on CNBC, Trump complained that he has been treated \u201cvery badly\u201d by banks that he alleged were discriminating against him. Of course that might be because of the 34 felony convictions he has for defrauding banks. Not to mention a civil lawsuit finding of liability that cost him about half a billion dollars.<\/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 Bluesky<\/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":"

The latest brilliant business move by Donald Trump might just eclipse his infamous flops of the past wherein he bankrupted four casinos, shuttered his phony “university” and discontinued dozens of hokey side hustles (water, ties, steaks, magazines, games, watches, cologne, crypto, etc.) intended to separate his gullible flock from their finances. Click here to post […]<\/p>\n","protected":false},"author":1,"featured_media":45948,"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":[554,1457,1458],"class_list":["post-70107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-socialmedia","tag-donald-trump","tag-social-media","tag-truth-social"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-drain.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-ieL","jetpack-related-posts":[{"id":66551,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=66551","url_meta":{"origin":70107,"position":0},"title":"Truth Social Parent Plans Desperate Share Buyback to Boost its Failing Stock and Enrich Trump","author":"Mark NC","date":"6\/23\/2025","format":false,"excerpt":"America's Grifter-in-Chief, Donald Trump, has tried an extensive number of financial scams intended to fatten his wallet at the expense of his gullible cult followers. 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":69682,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=69682","url_meta":{"origin":70107,"position":1},"title":"YOU’RE FIRED: Trump Media’s CEO, Devin Nunes, Gets Booted From the Failing Truth Social Company","author":"Mark NC","date":"4\/22\/2026","format":false,"excerpt":"Shortly After Trump was banned from Twitter, before the Musk era, he launched his own social media website that was a direct ripoff of Twitter. His hysterically named \"Truth\" Social quickly became the dedicated propaganda platform for Trump's ranting, insulting, lying, and shameless self-exaltations. Click here to post this article\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"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":64392,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=64392","url_meta":{"origin":70107,"position":2},"title":"Grifter-in-Chief Trump Puts His Truth Social Stock into a Phony Trust Controlled by His Son","author":"Mark NC","date":"12\/21\/2024","format":false,"excerpt":"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. Click here to Tweet this article Among the most obvious vehicles\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Twitter","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":68827,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=68827","url_meta":{"origin":70107,"position":3},"title":"Trump’s Truth Social is Littered with Loathsome Lies – Now Including a Fake JFK Jr","author":"Mark NC","date":"2\/10\/2026","format":false,"excerpt":"The dedicated propaganda platform that Donald Trump built, hilariously named \"Truth\" Social, was designed from the start to disseminate his putrid perspective of life in his warped vision of America. The website has always been gushing with flagrant falsehoods aimed at cultivating the devotion of his misguided cult disciples. Click\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Toilet, Bathrobe","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-toilet-bathrobe.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-toilet-bathrobe.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-toilet-bathrobe.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63210,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=63210","url_meta":{"origin":70107,"position":4},"title":"Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)","author":"Mark NC","date":"10\/5\/2024","format":false,"excerpt":"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\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Twitter","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":66938,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=66938","url_meta":{"origin":70107,"position":5},"title":"The Trump Media and Technology Group (Truth Social) Scam Reflects His Fondness for Fraud","author":"Mark NC","date":"8\/5\/2025","format":false,"excerpt":"When Donald Trump launched his Trump Media and Technology Group (TMTG), he was brimming with optimism about the future of his new venture. Four years later that optimism has utterly failed to be affirmed. The business that runs Trump's Truth Social website and a handful of other insolvent enterprises has\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/70107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70107"}],"version-history":[{"count":2,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/70107\/revisions"}],"predecessor-version":[{"id":70110,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/70107\/revisions\/70110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/45948"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}