TRUTH Social
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Source: The Washington Post / Getty
Donald Trump’s social media posts after President Joe Biden’s decision not to run for re-election suggest that he’s worried.Donald Trump’s social media reactions in the wake of President Joe Biden dropping out of the race for president on Sunday (July 21) have garnered heavy notice. So much so that it has led many to believe that he’s worried about the prospects of facing off against Vice President Kamala Harris, whom Biden endorsed shortly after announcing his decision. In his first public statement afterward with CNN, Trump said of Biden: “He is the worst president in the history of our country. He goes down as the single worst president by far in the history of our country.” He also claimed, according to Kaitlan Collins, Harris would be easier to beat.
It wasn’t too long after that, however, that Trump took to his Truth Social platform and fired off a series of posts aimed toward “Crooked Joe Biden” first writing that Biden “only attained the position of President by lies, Fake News, and not leaving his Basement.” Trump also hinted at blowing off the presidential debate set for September on ABC, claiming that “George Slopadopolus” should be replaced by a debate on Fox News.
On Monday morning (July 22), Trump’s Truth Social posts fired up again at 6:19 A.M., furthering a conspiracy that President Biden does not have COVID-19 and joking about Biden waking up and not realizing he dropped out. He would also attack South Carolina Representative James Clyburn and rant about Special Counsel Jack Smith, writing that “All of these Biden/Harris cases against me are a Weaponization of Justice against their Political Opponent, Me” without directly addressing Vice President Harris until a post made in the early afternoon where he wrote: “Joe Biden will go down as the Worst President in the history of the United States. KAMALA, OUR HORRIBLE & INCOMPETENT BORDER CZAR, WILL BE WORSE!”
Those observing Trump’s posts also called out the fact that with Biden out of the race, there should be more questions about Trump’s age and mental stability than there were before. Democratic Representative Ted Lieu said as much in a post on X, formerly Twitter, writing: “Trump’s cognitive decline is readily apparent. He makes incoherent rants at his rallies. He is the oldest person ever running for President. Trump should pass the torch and withdraw.”
Take a look at some of the responses to Trump’s rambling on social media below.
1. Mehdi Hasan
2. David Gilbert
3. Alistair Barrie
4. Ritchie Torres
5. Meidas Touch
6. Mark Romano
7. Gwen Jam Jam
8. Eilishparker78
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Source: The Washington Post / Getty
The value of shares in Trump Media, the parent company of Truth Social, has been cut in half since being available on the public trading market.
According to reports, shares of Trump Media & Technology Group, the company that operates the Truth Social social media network, closed at $32.59 Friday (April 12). Despite a late rally, the price reflects a 50% drop from its original peak closing price of $66.22 when it was first made available for public trading on the NASDAQ stock market on March 27. The drop has shaved billions off of the value of the stock, of which the lion’s share (at 57.6% of all shares) is owned by former president Donald Trump. Trump owns 78.75 shares of TMTG stock. Its value was previously listed as $5.2 billion, closing with a value of $2.6 billion.
The slide comes as observers have cast aspersions about the validity of the TMTG stock. IAC and Expedia chairman, Barry Diller, went on record in an interview with CNBC calling the public trading of the stock “ridiculous,” comparing it to the “meme stock” that has been associated with GameStop and AMC Entertainment since 2021, which was valued at $700 and $500 at the time. “The company has no revenue. It’s a scam, just like everything he’s ever been involved in is some sort of con,” Diller said.
When asked about his opinion of those buying the stock, he replied: “I think they’re dopes.” Representatives for TMTG fired back at Diller. “It is unsurprising to see die-hard Trump haters and leftwing flacks blow a gasket now that Truth Social has become a public company that, still today, refuses to suppress political expression that contradicts the narratives they want to enforce,” they said.
Donald Trump is currently in New York City as the jury selection process has begun for his “hush money” trial in a Manhattan courtroom Monday (April 15), the first-ever criminal trial of a former president. The company filed a motion to issue 21.4 million additional public stock shares earlier in the day. The impact of the news plunged the value of shares down another 15% at the beginning of trading. The additional shares cannot be released until a registration takes effect with the Securities and Exchange Commission, according to the preliminary prospectus filing.
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A new report revealed that the Truth Social platform of Donald Trump managed to stay afloat due to a Russian banker being federally investigated.
After Truth Social, the social media network owned by former President Donald Trump went public last week (and promptly lost some value after its initial public offering), new information showed that it almost went under in 2022 if not for receiving emergency loans. But one of those loans from a Russian-American businessman under federal investigation is sounding alarms about Trump potentially benefiting from money laundering by someone tied to a foreign power during his campaign to be re-elected as president of the United States.
According to reporting from The Guardian, leaked documents showed that the loan in question came from the ES Family Trust, which worked like a shell company for Anton Postolnikov, a Russian-American who co-owns the Paxum Bank registered in Dominica. Postolnikov is the subject of a years-long investigation conducted by the Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI), which began when one of his associates was found to be insider trading. A further look found that Postolnikov managed to get the money from the trust because the bank couldn’t loan the money since it didn’t have a U.S. banking license. The parent company of Truth Social, Trump Media and Technology Group, received two loans – $2 million in December 2021, and $6 million in February 2022.
The story gets more intricate, as it’s revealed that Postolnikov is the nephew of Aleksandr Smirnov, who was once the chief financial executive and first Deputy Minister of Justice of Russia and a close friend of President Vladimir Putin. Another detail of note is the involvement of Michael Shvartsman, an associate of Postolnikov who was charged with money laundering last month. Shvartsman and his brother Gerald pleaded guilty on Wednesday (April 3) to participating in an insider trading scheme related to the merger in court in New York which reportedly netted them and a third man $22 million. Both men face a sentence of 20 years in prison.
The startling news comes as Trump could potentially make $4 billion from Truth Social’s merger with the Digital World Acquisition Corporation. Postolnikov has not been charged with a crime, and a representative at Paxum Bank threatened legal action when contacted by the press.
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Source: Anna Barclay / Getty
Donald Trump’s social media platform Truth Social took a huge dive on the stock market as more details on its earnings were revealed.
On Monday (April 1), investors got their first look at the financial data of the parent company behind Truth Social, the social media platform of former President Donald Trump. And what they saw led to the values of shares in the company plummeting sharply, leading to a billion dollars shaved off of the value of Trump’s personal stake in the Trump Media and Technology Group.
According to reports, the regulatory finding released by the company to go public on the NASDAQ stock market led to Trump Media stock sinking 25% in value to $46 a share as opposed to $79 a share the week before. The data also revealed that the company made $4.1 million last year in revenue, closing out with a fourth quarter earning of $750,000 but a net loss of $58 million overall. As for Trump’s stake in the company, which is estimated to be 78.5 million shares or 57% of all shares, the value of those shares dropped to $3.64 billion on Tuesday (April 2), from $6.25 billion previously. Trump Media went public after a reverse merger with Digital World Acquisition Corp.
A further report from Forbes states that Truth Social is being viewed as a “meme stock” similar to the rise seen with AMC and GameStop stock in 2021, which surged thanks to the rush of consumers buying up the stock when it was so low. Trump supporters swooped in to buy shares as Truth Social went public, but it couldn’t prevent the value drop. “Trump Media’s 1,470 price-to-sales ratio, which compares a company’s total valuation to its last 12-month sales, is exponentially higher than social media peers Reddit and Snap’s respective 9 and 4 price-to-sales ratios,” the publication wrote.
The news comes as Trump managed to successfully post a $175 million bond late Monday evening in his appeal of a massive civil fraud judgment against him in New York to prevent the seizure of his assets. The bond, lowered from $464 million after Trump’s attorneys stated that bond companies refused to back him for the amount, was secured through the Knight Specialty Insurance Company, a company owned by the Hankey Group, whose owner is an avowed Trump supporter. As for Trump’s potential to sell his shares in Truth Social, he is barred from doing so for six months.
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Source: George Frey / Getty
Wednesday (Aug. 9), the FBI gunned down MAGA disciple, Craig Robertson, after he threatened to shoot and kill President Joe Biden and Manhattan DA, Alvin Bragg. But interestingly enough, the man was put on to the FBI by a fellow MAGAt.
CNBC is reporting that the FBI was tipped off of Robertson’s intentions in by a user on Truth Social. The platform serves as a social media website for far-right Trump supporters who use the site to promote conspiracy theories, their hate of liberals and democrats, and in the process, further remove themselves from reality in search of a safe space for their worst and often times racist impulses. A Truth Social user contacted the FBI about Robertson’s troublesome posts in March to which they responded with a visit to his Utah residence. Robertson turned them away and told them to come back with a warrant.
With Joe Biden touching down in Utah this week, the FBI went to Robertson’s home armed with a search warrant, but Robertson greeted them with a gun this time and from there it was all downhill for the Trump fanatic.
CNBC reports:
Robertson, 75, was armed when FBI agents confronted him at his home in Provo on Wednesday morning and pointed his weapon at agents and did not respond to their commands before they fatally shot him, a senior official told NBC.
Agents were there to arrest him on a federal criminal complaint accusing him of making death threats against Biden, Bragg and FBI agents.
Robertson was killed hours before Biden arrived in Utah for a visit.
In a social media post on Sunday, Robertson wrote, “I heard Biden is coming to Utah.” He added that he was dusting off his “M24 Sniper Rifle.”
Robertson was described by the FBI in that complaint as a white man “approximately 70-75 years old” who was surveilled “wearing a dark suit (later observed as having an AR-15 style rifle lapel pin attached), a white shirt, a red tie, and a multi-colored (possibly camouflage) hat bearing the word ‘TRUMP’ on the front.”
Naturally, MAGA country has described the incident as another example of Joe Biden using the FBI to kill innocent Americans who oppose his views comparing them to the Gestapo of Hitler’s Germany, but come on now. The man pointed a gun at the FBI. What’d they expect to happen? White privilege can only take you so far in America.
As for who spilled the beans on Robertson’s diabolical plan, no one knows. But best believe those Truth Social users will somehow place this on “the radical left” and continue to blame everyone but themselves for everything that’s “wrong” in this country.
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