Kevin M. Kruse: Who could have foreseen … — Subium • Bluesky web client

Who could have foreseen …

New: Truth Social lost $58 million last year; way out of sync with the frenzied stock-market debut that just valued it at $8 billion. Trump's company revenue last year was $4 million; for comparison, Reddit's was $800 million. Stock is crashing on the news www.washingtonpost.com/technology/2...

Trump’s Truth Social made only $4 million in 2023, despite $8 billion valuewww.washingtonpost.com The stock’s price slumped 15 percent.

Being a conservative these days consists entirely of getting ripped off over and over and over and never learning your lesson

There are limits, though. The GOP has created the conditions for a fundraising and intellectual Dust Bowl. Their strongholds support anti-middle class policies and their voters are running out of money to donate.

How Republicans texted and emailed their way into a money problemwww.washingtonpost.com Small-dollar donations to Donald Trump and the GOP are way down since 2019 and 2020. But the former president’s team says they see a turnaround.

Oops all Fraud 🤷‍♂️

So we add stock fraud to the list?

is is good when your interest expense is 10x revenue

It’s crazy. And they are just running a Mastodon instance. So what are their development costs? I swear they took on a shit ton of debt just to pay themselves all $10M before anyone finds out. Literal garbage is a better investment.

Many people are saying "Sir, you have the best interest" with tears in their eyes

Where did the $8b valuation come from and who pushed it in the IPO? Seems like it approaches fraud

okay but if he already cashed out then mission accomplished, no?

god bless you for this information

nobody

Stockholders bringing a suit for fraud let’s go!

Hey Siri, show me the results of believing “The Secret” is real.

bsky.app/profile/curt...

THE S&P 500 IS WOKE!!!

Who knew that a repeatedly repeat bankrupt was bad at business?

We should be shorting this, right?

It seems everyone is?

I shorted the original DJT casino stock years and years ago, when it was 8 bucks, on its way to becoming a penny stock. Problem with shorting a meme stock is the potential for a squeeze - there is so much action on this dog it is subject to massive manipulation on its way to Trump money toilet.

if i chose to live on a plane again - i very much do not - i cld probably generate that revenue *by myself*. a lot of specialist consultants cld. the upside is there's zero overhead: no employees, minimal compliance reporting etc. that + you don't have to commit any crimes. wild, huh?

Hah, just saw the price.

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