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Business Donald Trump Social Media

Trump’s Truth Social Stock Shares Could Be Worth ‘Almost Zero’ In 6 Months

The stock of failed former president Donald Trump’s Truth Social site skyrocketed in value this week, rising from $8.23 a share to $66.22 at the close of trading on Wednesday, boosting the value of Trump’s Media & Technology Group to a market value of $9.4 billion. Since Trump owns 58% of the company, that means he’s now worth $5.2 billion, at least on paper.

And therein lies the rub, according to New York Times Pulitzer Prize-winning reporter Suzanne Craig, who explained on MSNBC’s “The Last Word” that the Donald’s billionaire status is illusory and could plummet even quicker than it rose.

“It’s a very volatile and high-risk stock, so it could be anywhere from worth a lot more in six months to almost zero in six months, we don’t know,” she said.

The meteoric rise of Trump’s social media stock comes at a time when he’s desperate for money to pay massive defamation and fraud judgments against him, and Craig noted he may still not be able to raise the funds he needs to meet his court obligations.

“We don’t know where he’s going to get the money from. He said that he’s going to put up cash, but you can get cash from a lot of places.”

The disgraced ex-president might try to leverage his stock holdings into some sort of loan, but that also seems dicey, Craig explained.

“Who knows what [the shares] are going to be worth in six months. There is speculation he’ll get a loan off those shares. I don’t know who would lend him money on those, because you don’t know what it’s going to be worth down the road.”

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Donald Trump Social Media

While Attending His Sister’s Funeral, Donald Trump Decided To Post Hateful Sh*t On Social Media

Today in New York, the family of Maryanne Trump Barry laid her to rest at the Church of St. Ignatius Loyola on the Upper East Side. Mrs. Barry, 86, was a retired federal judge, and her brother, former president Donald Trump, paid tribute to her earlier this week, posting on his failing Truth Social site:

“A truly beautiful woman, tall and elegant, with a presence like no other, she was also a tremendous student, intellect, and Judge, in charge of the United States Court of Appeals for the Third Circuit, just below the U.S. Supreme Court.

“Her life was largely problem free, PERFECT, until I made it difficult for her when I decided to run for President.

“The Fake News, and others, went after her mercilessly, and because of the fact that she felt it inappropriate, due to her position, to defend herself, it just never stopped!”

As usual, Donald just couldn’t resist making his sister’s death all about himself. Because in his twisted mind, the world revolves around him at all times.

While attending the Friday funeral, rather than acting like a mourning relative, the disgraced ex-president decided that he’d spew out hatred, posting video of a Trump supporter telling Fox host Brian Kilmeade that the indictments of Donald were “phony.”

That was followed by a video post of Fox contributor/right-wing hack Joe Concha with this note from Trump: “UNEQUAL JUSTICE ON THE BOXES HOAX!”

The “boxes hoax” is a reference to Trump’s prosecution for stealing and hiding classified documents. A few documents were also found at the residence of President Joe Biden, but he quickly notified authorities and cooperated fully with federal investigators. No charges will be filed against Biden.

How does Donald feel about the death of his sister? He’s outraged. Not that she’s dead, but because the law is catching up with him and he may wind up kicking the bucket in federal prison.

 

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Donald Trump education Racism Social Media

Trump Shares Meme On Social Media That Threatens Black Poll Workers

Disgraced former president Donald Trump reposted a meme Monday on his financially strapped Truth Social site that many are saying is clearly meant as a threat to black poll workers who will help count ballots in the upcoming 2024 election.

The meme shows two black poll workers sitting at a table, both of whom are wearing protective masks that read “Biden/Harris 2020.”

The photo is accompanied by this message: “Start arresting the poll workers and watch how fast they tell you who told them to cheat.”

As you might expect, that set off a torrent of discussion on Twitter.

 

 

 

Categories
Donald Trump Elections Joe Biden Social Media

Biden’s Campaign Trolls Trump On His Home Turf – Joins Truth Social And Posts A Hilarious Burn

Things are going well for President Joe Biden as he draws ever closer to the formal beginning of the 2024 campaign.

Just yesterday, it was announced that the Biden-Harris team had an enormous fundraising haul in the third quarter of this year, with CNN reporting:

President Joe Biden raised more than $71 million for his reelection campaign and the Democratic Party in the third fundraising quarter of the year, his campaign announced on Sunday, far outpacing former President Donald Trump and the rest of the GOP primary who have reported their results so far.

The president’s political operation with the Democratic National Committee ended the quarter with $91 million, the campaign said. Biden’s campaign did not disclose how that money was divided between the campaign and the party committee.

The president nearly met the $72 million that he raised in the first fundraising quarter this year, though that period was three weeks shorter since he launched his reelection in late April.

Meanwhile, the leading Republican presidential campaign — failed one-term former president Donald Trump — is facing bad news every day on the legal front, with a federal judge imposing a partial gag order on the disgraced ex-president earlier today, meaning that his comments can now get him fined and imprisoned if he isn’t careful.

Perhaps sensing that Trump is getting weaker by the day, the Biden campaign decided to join Donnie’s failing social media site, Truth Social, making their announcement on Twitter as if to add insult to injury.


It’ll be interesting to see how long Truth Social allows the Biden campaign account to remain before they claim there’s been a violation of the terms of service.

But until that happens, other social media residents had a blast joining the epic trolling rolled out by the Biden campaign.

 

Categories
Business Donald Trump Social Media

Trump’s Truth Social On The Verge Of Collapse And Liquidation – Would Cost Him At Least $300 Million

Failed one-term, twice-impeached former president Donald Trump has bragged for decades that he’s a “great businessman” who built one of the biggest and most successful companies in the world.

The truth, however, is quite different from the Donald’s claims, as he has filed for bankruptcy multiple times, been in the verge of financial collapse more than once, and is now relying on his political supporters to pay his legal bills with contributions to a political action committee he formed to further fleece the MAGA sheep.

You may recall that in October of 2021, not long after he had been booted from Twitter for sharing lies about the 2020 election, Trump announced his own social media platform, which he dubbed Truth Social.

Truth Social was funded by in part by a start-up media venture with Miami-based Digital World Acquisition, which managed to raise $300 million from investors to get Truth Social up and running. All that remained was a formal merger between Digital World and the Trump Media & Technology Group (TMG).

That merger now seems doomed, meaning Digital World and its partner, Donald Trump, are about to be faced with returning that $300 million to investors, which would be the death of Truth Social, The Washington Post reports.

With the merger stalled for months, Digital World is fast approaching a Sept. 8 deadline for the merger to close and has scheduled a shareholder meeting for Tuesday in hopes of getting enough votes to extend the deadline another year.

If the vote fails, Digital World will be required by law to liquidate and return $300 million to its shareholders, leaving Trump’s company with nothing from the transaction.

For Digital World, it would signal the ultimate financial fall from grace for a special purpose acquisition company, or SPAC, that turned its proximity to the former president into what was once one of the stock market’s hottest trades. Its share price, which peaked in its first hours at $175, has since fallen to about $14.

Jay Ritter, a University of Florida finance professor explains that the company can’t keep extending the deadline for merger.

“The deal does seem to be running out of time. You can’t just keep getting extensions forever.”

As you’d expect, Trump is blaming the Securities and Exchange Commission for the delays, even going to far as to say the SEC has tried to “sabotage” the merger for political reasons with “a bureaucratic black hole of inaction.”

But the real reason for the endless delays can be laid at the door of Digital World and TMG, both of which have reportedly dragged their feet when it comes to being totally transparent with regulators who are simply trying to protect investors from being further fleeced by the Trump, who has a history of grifting.

It probably won’t surprise you to learn that Truth Social has itself been a failure, repeatedly missing its self-set goals for users, The Post explains.

Truth Social has attracted a relatively meager following. Though Trump Media projected in a 2021 investor presentation that the site would have 41 million total users by the end of this year, usage estimates from Similarweb, a data firm that analyzes web traffic, suggest it is a long way from reaching that goal.

According to Similarweb estimates, roughly 500,000 monthly active users in the United States visited Truth Social via its Apple and Android mobile apps in July, down from 600,000 in June.

Donald Trump is a failure at everything he attempts. He’s not a great businessman. He’s just a bullshit artist who knows how to lie to gullible fools.