Categories
Business Donald Trump Social Media

Investors Abandon Trump’s Truth Social Site – Withdraw Millions As Company Nears Collapse

Failed, one-term, twice-impeached former president Donald Trump’s fledgling social media site, Truth Social, appears to be headed for a quick demise, much like nearly every business venture the Donald has attempted over the course of his life.

According to Reuters, major investors are now withdrawing millions of dollars in financing.

Some investors are backing out of Digital World Acquisition Corp’s (DWAC.O) plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday.

Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced.

That move by some investors could lead to a complete collapse of the deal, which would mean Truth Social no longer has any operating capital. That would lead to the death of the site.

More investors could pull out in the next few weeks, sources said, as they can terminate anytime after the deadline. Many are waiting for DWAC to propose more preferred terms to PIPE investors, sources added.

Truth Social was created by Trump because he remains permanently banned from both Twitter and Facebook. The plan was to serve as an alternative to those sites, but Truth Social has suffered numerous setbacks since it first launched in February.

The biggest problem for Truth Social, however, has been a lack of interest by potential users. So far, the site only has approximately 550,000 active daily users. In contrast, Twitter has 217 million.

Just last month, it was reported that Truth Social was unable to pay its bills, including for the server which hosts the site:

There are signs that the company’s financial base has begun to erode. The Trump company stopped paying RightForge, a conservative web-hosting service, in March and now owes it more than $1 million, according to Fox Business, which first reported the dispute.

The company also has struggled with some basics of corporate operation. The U.S. Patent and Trademark Office this month denied its application to trademark “Truth Social,” citing the “likelihood of confusion” to other similarly named companies, including an app, “VERO — True Social,” first released in 2015.

Categories
Capitol Insurrection January 6 The Trump Adminstration

White House Switchboard Called A Capitol Rioter During January 6 Attack: Report

 

A senior adviser to the House Select Committee investigating the January 6, 2021 attack on the U.S. Capitol has revealed that on the day of the riots, the White House switchboard called a rioter as the attack was taking place.

Denver Riggleman, who served as a senior technical adviser to the Jan. 6 panel, told 60 Minutes correspondent Bill Whitaker:

“You get a real ‘a-ha’ moment when you see that the White House switchboard had connected to a rioter’s phone while it’s happening. That’s a big, pretty big ‘a-ha’ moment.”

Riggleman, a former GOP congressman from the state of Virginia who also served as an intelligence officer in the U.S. Air Force, added:

“I only know one end of that call. I don’t know the White House end, which I believe is more important. But the thing is the American people need to know that there are link connections that need to be explored more.”

What remains to be seen, Riggleman noted, is who exactly in the White House reached out to a rioter right as the Capitol was under violent attack, and what that individual was trying to communicate:

 “From my perspective…being in counterterrorism. If the White House, even if it’s a short call, and it’s a connected call, who is actually making that phone call?”

That led Whitaker to inquire:

“Is there a simple, innocent explanation for that?”

Riggleman:

“Was it an accidental call? When the White House just happened to call numbers that somebody misdialed a rioter that day, on January 6th? Probably not.”

CBS News also notes that the House Select Committee has done extensive research on communications during the fateful events of Jan. 6 which resulted in the deaths of five people, including a member of the U.S. Capitol Police:

The call was uncovered after Riggleman assembled a small team of data miners and analysts for the committee to comb through 20 million lines of data: emails, social media posts, phone records, and texts, to learn who did what leading up to and on January 6th.

“We were able to do things, I think, in a way that had never been done before with millions of lines of data,” Riggleman said. “And to actually create a graph that shows how these groups actually intermingled.”

Among those groups, Riggleman explained, were “Trump team, Trump family, rally goers, unaffiliated DOJ-charged defendants, Proud Boys and Oath Keepers, and others, which are state legislators, alternate electors, things like that.”

The House Select Committee resumes its hearings on September 28.

 

Categories
Elections GOP Russia WTF?!

GOP ‘Commitment To America’ Ad Contains Video Footage Shot In Russia

The Republican Party might just as well change their name to the Russian Party, because once again they’re using something they imported from Moscow.

According to HuffPost, an ad for the GOP’s “Commitment to America” plan looks more like a commitment to Vladimir Putin, filled with stock video footage shot in both Russia and Ukraine.

The GOP’s video, “The Preamble to the Commitment to America,” opens with a narrator highlighting aspects of what it means to be an American.

“We celebrate the rich heritage of the American story and the vibrancy of the American Dream,” the voice says, over footage of a drilling rig at sunrise.

But this video snippet, an apparent nod to America’s natural resources, wasn’t filmed in America. It’s stock footage created by Serg Grbanoff, a filmmaker based in Russia.

There’s also a scene showing a little boy running in a field with a toy airplane in his hand. The words “Liberty, and the pursuit of happiness” are shown on the screen, an obvious reference to the Declaration of Independence, but the little boy likely wouldn’t have any idea what’s in that document because American history probably isn’t taught in Russian classrooms:

This clip was also created by Grbanoff, and also filmed in the Volgograd region. Here’s a screenshot of the image in the GOP’s video versus an original shot on Shutterstock’s website:

You might think the GOP would come clean and admit they screwed up, but instead, they tried to blame the messenger, with a spokesperson for House Minority Leader Kevin McCarthy (R-CA) complaining:

“Interesting how you guys aren’t remotely interested on the issues facing the American people in the video.”

Also interesting how the GOP since Trump took over can’t manage to do anything without bowing a knee to their real home back in the frozen tundra of Mother Russia.

If it walks like a traitor, talks like a traitor, and makes ads like one, it’s a traitor.

 

Categories
GOP

Giuliani Has Two Weeks To Pay His Ex-Wife $225,000 Or He’s Going To Jail

The long downward spiral that is the life of former New York City mayor Rudy Giuliani continued Friday when a judge told him that if he doesn’t pay his ex-wife the $225,000 he owes her within the next 14 days, he will be an inmate.

NBC News New York reports that Judge Michael Katz found Giuliani in contempt of court and informed him has two weeks to fork over the money — along with $10,000 in attorney’s fees.

Judith Giuliani had asked the judge to hold her former husband in contempt for falling behind on his payments under their 2019 divorce settlement.

During Giuliani’s last court appearance, he told the judge that his third wife’s claim that he owes her $260,000 is a “gross exaggeration” and he really owes her about $50,000.

“I do owe her money but I don’t owe her $260,000,” Giuliani, a legal adviser to former President Donald Trump, told the judge in state court.

The judge also noted that Giuliani had even failed to file paperwork in response to his ex-wife’s allegations. Rather than own up to his failure, Rudy whined:

“I’m being sued in ten different cases. I’m getting ready for two massive hearings. I don’t know how to emphasize to you the pressures.”

Of course, Giuliani wouldn’t be facing so many legal problems if he hadn’t involved himself in trying to overturn the 2020 presidential election on behalf of failed, one-term former president Donald Trump, helped plan a failed coup, been part of a scheme to name fake electors in key battleground states, and repeatedly tried to dig up dirt on President Joe Biden so he could help Trump win with the same sort of tactics Russia used in 2016 help guarantee the twice-impeached ex-president won against Hillary Clinton.

Rudy needs to realize that the only way out for him is to write a tell-all book, point the finger at Trump, and hope for a bestseller. Otherwise, he’s going to wind up behind bars without even enough loose change to make a phone call once a week from his cell.

Categories
Elections GOP Immigration WTF?!

Sickening GOP Fundraising Email Asks: ‘Where Do You Want Republicans To Send Illegal Immigrants Next?’

Now that the Republican Party has made it clear they will do absolutely anything — including putting innocent people in harm’s way — for publicity and free media coverage, they’re now trying to raise money off their disgusting actions that endanger the lives of people who simply want to live in freedom and peace.

The GOP just sent out a fundraising email to supporters in which they not only beg for contributions, but also implore those who do contribute to tell answer a question: Where do you want us to send illegal immigrants next now that Florida Gov. Ron DeSantis (R-FL) has shipped almost 50 of them to Martha’s Vineyard.

Business Insider notes:

A baked-in poll, which may not collect any data but definitely accepts donations, asks MAGA fans to choose which Democratic enclave to disrupt next: former President Barack Obama’s house, the White House, San Francisco, or some other location. The Martha’s Vineyard incident has sparked mounting lawsuits against DeSantis as well as a wave of calls for Attorney General Merrick Garland to investigate potential criminal violations. 

Even though he has been indirectly critical of Sen. Rick Scott (R-FL), who chairs the National Republican Senatorial Committee, Senate Minority Leader Mitch McConnell (R-KY) revealed that he supported sending immigrants to Democratic locations, telling reporters. “I personally thought it was a good idea.”

But there were plenty of others who don’t think it’s a good idea, and harshly criticized the fundraising email.