Spring Break-ing Bad

Attribution: A house divided by John Darkow, Columbia Missourian

… and for this he gets paid $223,500 plus bennies?

BTW, the speaker is the third highest paid U.S. federal elected official.

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70 thoughts on “Spring Break-ing Bad”

  1. stephen last night

    An appeals court threw Donald Trump a lifeline by cutting the bond for his New York fraud conviction, Rep. Marjorie Taylor Greene moved to remove Speaker Mike Johnson over keeping the government open, and Boeing is replacing its top leadership after a series of mishaps.

  2. jon’s take

    Jon Stewart examines Donald Trump’s deadline to come up with the $454 million bond in his civil fraud case, and deconstructs investment talking heads like Kevin O’Leary calling Trump’s actions a “victimless crime.”

  3. And in overnight news (WaPo)

    Baltimore’s Key Bridge collapses; rescuers look for up to 20 people in water

    A major bridge in Baltimore collapsed after being hit by a freighter Tuesday. Rescuers were searching for as many as 20 people believed to be in the water near the Francis Scott Key Bridge, a fire official said, after a large part of the structure snapped and fell into the Patapsco River. The Baltimore City Fire Department described it as a “mass casualty incident” early Tuesday.
    Key updates

    Video: Marine tracker shows ship’s route before bridge collapse

    Photos: The aftermath of the bridge collapse

    Rescue efforts underway, with seven people reported to be in the water

    They’re reporting cars in the water and a couple of people rescued so far. 

  4. Looks like a good direction for Joe. I wonder if Dumbass’ news coverage, which is 100% or close to it about his legal woes is having an effect. 
    And Bink, that weather forecast piece you linked sounds about right. My sense is that temperature trends tend to be more accurate than the precipitation predictions.

  5. Image result for cartoon nbc peacock lays egg

    the bird lays an egg or two

    ‘Pretty bad’: NBC condemned by top US historian over role for Ronna McDaniel | Republicans | The Guardian

    […]
    “What NBC has done is they’ve invited into what should be a normal framework someone who doesn’t believe that framework should exist at all,” Timothy Snyder, a Yale professor and author of On Tyranny, told MSNBC, part of the network now employing McDaniel.
    […]
    “What NBC has done of its own volition is bring into a very important conversation about democracy, one which is going to take place for the next seven months or so, someone who … tried to disassemble our democracy. Who personally took part in an attempt to undo the American system,” Synder said.
    “And so … what NBC is doing is saying, ‘Well, [it] could be that in ’24 our entire system will break down. Could be we’ll have an authoritarian leader. Oh, but look, we’ve made this adjustment in advance because we’ve brought into the middle of NBC somebody who has already taken part in an attempt to take our system down.’
    “So, yeah, I think this is pretty bad.”

  6. I don’t know about cloud cover, but what if the eclipse happens at night—anybody think about that?
     

  7. How long did Greta Van Cesspool last at MSNBC?  Under or over for Ms McDaniel ?
    She is a big giant hack. I give her less than two weeks.
     
     
     
     

  8. Total collapse of Francis Scott Key is horrendous and shocking. Praying for recoveries.

  9. It really is painful to know that NBC really thought they were just going to bull through hiring that person.  

    Old Berman:
    Because it comes down to this: the hiring of Ronna McDaniel didn’t represent some kind of political balance. It conceded – STIPULATED – that there can be some kind of balance, some kind of yes-but, some kind of bothsidesism, between the reality of the 2020 election, and election deniers and the Trumpist cult. She IS the flat earther, the climate change denier. She might as well be Q from Q-Anon. She is reality, trying to appease hallucination and mental illness in hopes of making… more… money. Her presence as an NBC News employee LEGITIMIZES the election deniers and the conspiracy theorists… and Trump. It is an act of journalistic self-defenestration and – for the future democracy in this country – an act of self-immolation.

  10. MAGAt Mike has no bank account. Does he go to one of those check-cashing places? 

  11. https://www.cnn.com/2024/03/25/politics/fact-check-trump-nyse-truth-social-story/index.html
    “Fact check: Trump tells ‘mind-bogglingly nonsensical’ story about the New York Stock Exchange”
     
    “Former President Donald Trump told a story on Monday in which he claimed that he decided not to list the Trump Media & Technology Group on the New York Stock Exchange, even though the exchange “badly” wanted the company, because businesspeople are “treated too badly in New York” and “don’t want to be attacked by a thug like this horrible attorney general that we have in New York.”
    “It’s just mind-bogglingly nonsensical,” Jonathan Macey, a Yale Law School corporate law, corporate finance and securities law professor, said of Trump’s story.”
     
    “I hope somebody advising President Trump informs him that the same investor protection rules that safeguard investors of the New York Stock Exchange also safeguard investors on the Nasdaq Stock Market,” Macey said.
     

    “With regard to Digital World Acquisition Corp. and Trump Media and Technology Group, the U.S. Securities and Exchange Commission has declared their business combination effective and we would welcome the company for listing on the New York Stock Exchange,” the spokesperson said. The company, which owns social media platform Truth Social, is scheduled to begin trading on the Nasdaq on Tuesday.”

  12. https://www.newyorker.com/magazine/2024/03/25/takeover-hitlers-final-rise-to-power-timothy-w-ryback-book-review 

    Listen up, NBC!
     
     
    “The Forgotten History of Hitler’s Establishment EnablersThe Nazi leader didn’t seize power; he was given it.”

    “The corporate bosses thought that, if you looked past the strutting and the performative antisemitism, you had someone who would protect your money.” “Communist ideologues thought that, if you peered deeply enough into the strutting and the performative antisemitism, you could spy the pattern of a popular revolution.”

    “The decent right thought that he was too obviously deranged to remain in power long, and the decent left, tempered by earlier fights against different enemies, thought that, if they forcibly stuck to the rule of law, then the law would somehow by itself entrap a lawless leader.”

    “In a now familiar paradox, the rational forces stuck to magical thinking, while the irrational ones were more logical, parsing the brute equations of power. And so the storm never passed. In a way, it still has not.” “So the historian Timothy W. Ryback’s choice to make his new book, “Takeover: Hitler’s Final Rise to Power” (Knopf), an aggressively specific chronicle of a single year, 1932, seems a wise, even an inspired one. Ryback details, week by week, day by day, and sometimes hour by hour, how a country with a functional, if flawed, democratic machinery handed absolute power over to someone who could never claim a majority in an actual election and whom the entire conservative political class regarded as a chaotic clown with a violent following.”

    Like all authoritarians, tRUMPsky hates real journalists. Are you for real, NBC?

  13. How much was Ronna’s contract? How much to buy it out?  Even if there’s no other way for her to sue, she’ll be cackling somewhere.

    Would it be so bad to keep her under contract and not use her at all?  

    Is there an exclusivity clause so she’d just have to silently twiddle her thumbs until the contract is satisfied?

  14. Maybe thishful winking but I don’t see McDaniel lasting until the weekend.  

    Has anyone taken credit for making that decision?

    I’ve read that her contract is 300K. And they buy out contracts all the time it seems.

  15. Total takedown of the former Ms. Romney. Colossal mistake for NBC to “hire” her in retrospect, they coulda-shoulda-woulda done that different. Generally, I enjoy hearing what people on the other side of the divide have to say for themselves, their lies notwithstanding, if only to better disabuse my maggers of their notions. Though not enough to make me change my channel to Fox or Worse.

    I feel sadly for Ronna even if she made her own bed of thorns and now must lie in it.

    No redemption for the wicked trumpers.

  16. No sadness for that hideous Ronna person.  

    Kinzinger:
    Regarding Ronna ROMNEY McDaniel. You don’t get to push conspiracies, call Jan 6th legit political discourse, and clear a path for Trump… then claim you really are “cool” and were just doing a job.

    The damage was too great.

    I bet there’s a lot of folks at ABC, CNN, CBS, etc who are laughing and slapping their knees right now.

  17. Rachel’s takedown was intellectually and historically brilliant. 

    A difference from other conservatives currently on NBC (Wallace, Steele, etc.) is they weren’t trumpers. For any that were, it was thought initially that becoming republican would change trump. Instead, the reverse has happened, he changed being “republican.” 
     

  18. I don’t think he “changed” being a republican so much as he stretched it out to its logical conclusion.  Nixon, Reagan, tea party, Bush 2; thump just fast forwarded to where republicans were headed all along. They all richly deserve all the scorn headed their way. Even the never-trumpers laid the groundwork, and they need to fess up to it, like former Rep Joe Walsh has. They too are culpable.

  19. craig, too bad attorney didn’t come back with “respectfully speaking, sir, FDA is no more than you and I are infallible, but they do have more experience with regard to drug safety.”

  20. Robert F. Kennedy Jr. has picked Nicole Shanahan, a California-based attorney who was previously married to Google co-founder Sergey Brin, as his running mate for his long shot presidential bid 

  21. I don’t think he “changed” being a republican so much as he stretched it out to its logical conclusion

     
    Ok, that’s logical to me.

  22. https://www.texastribune.org/2024/03/25/ken-paxton-plea-deal-securities-fraud-felony/
     

    “Ken Paxton agrees to community service to avoid trial, conviction in securities fraud case”

    “Paxton, who will not have to enter a plea under the terms of the agreement, faced the prospect of decades in prison if he had been convicted of fraud.”

    “Prosecutors on Tuesday agreed to drop the securities fraud charges facing Attorney General Ken Paxton if he performs 100 hours of community service and fulfills other conditions of a pretrial agreement, bringing an abrupt end to the nearly nine-year-old felony case that has loomed over the embattled Republican since his early days in office.”

    “The deal, which landed three weeks before Paxton is set to face trial, also requires him to take 15 hours of advanced legal education courses and pay restitution to those he is accused of defrauding more than a decade ago when he allegedly solicited investors in a McKinney technology company without disclosing that the firm was paying him to promote its stock. The amount of restitution totals about $271,000, prosecutor Brian Wice said.

    Community service? How is going to pick himself up along side of the road and throw himself in a trash bag?

    “The deal is the second major win for Paxton in roughly the last six months, after the Republican-controlled Texas Senate acquitted him last fall of 16 impeachment charges centered on allegations that he accepted bribes and abused the authority of his office to help a wealthy friend and campaign donor.”

    “Still, Paxton’s legal troubles aren’t over. His agency is still facing a lawsuit brought by four former top deputies who argue that Paxton improperly fired them in 2020 for reporting him to the FBI. Those whistleblowers told law enforcement they believed Paxton was using his office to benefit Austin real estate mogul Nate Paul — the charges that formed the basis for Paxton’s impeachment last year and that are the subject of an ongoing federal investigation. He has denied all wrongdoing.”

    “The securities fraud case, meanwhile, has been repeatedly delayed by disputes over where the trial should take place and how much the special prosecutors handling the case should be paid. The legal saga dates back to July 2015, when Paxton was indicted on three felony securities fraud charges just months into his first term as the state’s top lawyer.”

  23. Just three weeks to trial, a year since his arrest, and still no specific, admissible defenses to the actual charges against him, just more “Crooked Joe” crap and personal attacks on prosecutors/judges…

    Donald J. Trump
    @realDonaldTrump
    Mar 26, 2024, 11:36 AM

    D.A. Bragg fought everyone about trying this “no crime” case, but Crooked Joe Biden’s “Thugs” pushed him to go forward, and pushed him hard. They wanted him to go after ME, Crooked’s Political Opponent. He just didn’t want to do it. They ended up sending Matthew Colangelo, Merrick Garland’s “right hand,” after a stop at the Corrupt and Racist New York State A.G. Letecia “Peekaboo” James’ Office, to directly oversee the D.A., perhaps to make sure that Bragg followed their illegal orders and commands. He eventually agreed to do the “case” that he never wanted to do. Pomerantz and Cohen were “death.” Now their hope is that Judge Juan Merchan, who should be recused, will pull them through. STOP THE STEAL!

  24. RFK Jr.’s running mate was married to a Russian.  Small world.

    Rupert Murdoch’s new wife-to-be was the mother-in-law of a Russian oligarch. Small world.

  25. https://www.nbcnews.com/politics/2024-election/rfk-jr-intends-name-attorney-nicole-shanahan-vp-pick-rcna144983

    “Shanahan told The New York Times that she helped make the ad and gave $4 million to the super PAC American Values 2024 last month to air it, though federal campaign finance records do not show a contribution from Shanahan to the group through February.”

    “But joining Kennedy’s ticket appears to open a pathway for Shanahan to inject her own wealth directly into the campaign instead of into an outside group, which would allow Kennedy to use the funds for key projects like gathering petition signatures for ballot access.”

    ”Federal Election Commission rules suggest that vice presidential hopefuls are free to contribute their own money to their campaign with no limitations — just like a presidential candidate, as long as the ticket is not seeking public funding.”

    “She married Google co-founder Sergey Brin in 2018 and divorced him in 2022. The Wall Street Journal reported that she had an affair with billionaire Elon Musk, but both Shanahan and Musk have denied the accusation. The Journal has stood by its reporting.”

    “Shanahan’s foundation, the Bia-Echo Foundation, says its mission is to “create a multiplying effect” on issues Shanahan cares about, including “reproductive longevity & equality, criminal justice reform and a healthy & livable planet.”

    Reproductive “longevity,” will ensure women are breeding stock for more of their lives.

    “Shanahan has an autistic daughter and has recently funded research into the disorder’s causes, and she told the New York Times in February that she had been motivated to support Kennedy in part because of concerns about children’s health and the environment, including vaccines.”

    “The latter item has been one of Kennedy’s professional causes as the head of the country’s best-funded anti-vaccine organization, Children’s Health Defense. He took a leave from the organization to run for president, but has filled his campaign with anti-vaccine activists.”

    She’s going to exploit her daughter’s condition for votes, just like RFKJ is exploiting her to attract women voters.

    You know what thus means, right? Orange Adolf will have to put a woman on his ticket, too.

    Aside from being a high-powered attorney and wealthy, why should she be one heart-beat away from the presidency? Were there no more qualified women or just none that had a lot of cash and were willing to stoop to affiliated with RFKJ?

  26. big don the bible salesman on the order of big Dan in this clip

    “it’s all about the money, boys! that’s it! the Gol…durn…money!”

  27. the guardian:

    NBC News will cut ties with former RNC chair Ronna McDaniel after outcry – report

    NBC News will drop former Republican National Committee chair Ronna McDaniel after an outcry from its top talent over her promotion of Donald Trump’s false claims of fraud in the 2020 election, Puck reports:

    McDaniel’s hiring by the network attracted criticism from former lawmakers and historians, who argued they were elevating a voice who had helped Trump attack US democracy. On Sunday, McDaniel acknowledged that the 2020 election had not been stolen, though maintained it was acceptable to say there were “problems” with the vote:

  28. https://boingboing.net/2024/03/23/media-matters-publishes-useful-guide-to-project-2025-the-extreme-right-wing-agenda-that-represents-a-threat-to-democracy-civil-rights-the-climate-and-more.html

    “Media Matters publishes useful guide to Project 2025, the extreme right-wing agenda that “represents a threat to democracy, civil rights, the climate, and more”

    https://www.mediamatters.org/project-2025/siriusxm-media-matters-andrew-lawrence-explains-how-mainstream-media-burying-extremism

    “On SiriusXM, Media Matters’ Andrew Lawrence explains how mainstream media is burying the extremism behind Project 2025”

    “…but Stephen Miller was reined in a little bit in the first term. Stephen Miller will have unfettered control. He’ll be like the chief of staff or something and help implement this dire plan. And Miller, just for everyone who knows, he does have some right-wing, psycho legal group that’s ridiculous. But he also had a Super PAC in 2022 that spent, I think, close to $100 million attacking the trans community and attacking immigrants.”

  29. Always comes down to “issues in the workplace,” as every HR manager knows (i.e., bad bosses).

    “As the months passed, the stress and workload increased in chambers. Judge Cannon became afflicted with an unfortunate combination of anxiety, from handling a matter of national importance, and insecurity, from never having run a case of this complexity. Understandably affected by all the pressure, the judge—whom her early clerks described as a wonderful mentor—started to change.”

     
    https://davidlat.substack.com/p/clerking-for-judge-aileen-cannon-why-clerks-quit?utm_source=substack&utm_medium=email

  30. Ronna gonna sue NBC?  
    Would it be so bad to keep her under contract and not use her at all?  
    Is there an exclusivity clause so she’d just have to silently twiddle her thumbs until the contract is satisfied?
    NBC execs really screwed the pooch bringing her into the fold, because ousting her is also going to feed the gQp wing-nuts.

  31. https://www.womenshealthmag.com/health/a60308329/comstock-act-mifepristone-abortion-pill-scotus-case/

    “The Comstock Act prevents the mailing of medications that can be used to terminate a pregnancy (among other things). Even though the act is old and not enforced in a time when mifepristone can be sent via mail, it’s now being brought up again.”
     

    “The act centers around things that are mailed and prevented contraceptives, “lewd” materials, and drugs that could be used to terminate a pregnancy from being shipped in the mail.”

    “The Comstock Act was an obscenity law passed in 1873 designed to criminalize the mailing or receiving of items Congress believed would lead people to have illicit sex, including items for procuring or producing abortion,” explains Mary Ziegler, a professor of law at the University of California at Davis and author of Abortion and the Law in America: Roe v. Wade to the Present.

    “The Comstock Act has never actually been overturned,” Ziegler says. “In 1971, Congress got rid of the explicit provisions on birth control, and since the 1930s, the lower courts have interpreted the statute not to cover all abortion-related mailings.”

    “But a few things impacted the Comstock Act over time. The act’s restrictions on birth control in the Comstock laws were considered void by Supreme Court decisions Griswold v. Connecticut in 1965 and Eisenstadt v. Baird in 1972.”

    “Congress later repealed the birth control provision, but let the rest of the law stand, The New York Times says.”

    Republicans are going after all forms of birth control.
    This might motivate men who don’t want to end up paying a lot child support a reason to vote Dem.

  32. Biden campaign now trolling Trump 24/7

    What a gift to have an opponent whose own quotes are all you need…

    Biden-Harris HQ
    @BidenHQ

    A feeble and confused Trump posts a typo-riddled all-caps rant misspelling “Biden,” “disinforms,” “misinforms,” and other basic words

    Donald J. Trump
    @realDonaldTrump

    I’m not running to terminate the ACA, AS CROOKED JOE BUDEN DISINFORMATES AND MISINFORMATES ALL THE TIME,  I’m running to CLOSE THE BORDER, STOP INFLATION, MAKE OUR ECONOMY GREAT, STRENGTHEN OUR MILITARY, AND MAKE THE ACA, or OBAMACARE, AS IT IS KNOWN, MUCH BETTER, STRONGER, AND FAR LESS EXPENSIVE. IN OTHER WORDS, MAKE THE ACA MUCH, MUCH, MUCH BETTER FOR FAR LESS MONEY (OR COST) TO OUR GREST AMERICAN CITIZENS, WHO HAVE BEEN DECIMATED BY BIDEN, HIS RECORD INFLATION, BAD ECONOMY, AFGHANISTAN CATASTROPHE, AND JUST ABOUT EVERYTHING ELSE. CROOKED JOE BIDEN IS, BY FAR, THE WORST PRESIDENT IN THE HISTORY OF THE UNITED STATES!

  33. https://www.npr.org/2024/03/26/1240915498/supreme-court-abortion-pill
    “Justice Elena Kagan, appointed by President Obama, asked Erin Hawley, the lawyer for the anti-abortion group, who was injured by the pill. “You need a person,” she said.” Who’s your person?”

    Erin Hawley. Wife of Josh J6-runner Hawley.

    “At issue in the case is more than abortion rights. It’s the entire structure of the FDA’s regulatory power to approve drugs and continually evaluate their safety—a system that until now has been widely viewed as the gold standard for both safety and innovation.”

    Yep, Craig. Yep. Republicans are trying to destroy all of the structures in our country. Education. Health. Environment. They are Nazi scum; it’s time to use the upper-case.

  34. I imagine NBC will just give he the  300k and send her on her way like they’ve had to do a few other times.  Olberman and Imus come to mind.

    I bet they just want Ronna to disappear at this point. The longer she’s in the news the more there’s liable to be a traditional Rolling of the Heads among the NBC cheeses.

    I REALLY want to know WHO thought that was a good idea.

  35. “His daughter is a senior executive at a Super  Liberal Democrat firm that works for Adam “Shifty” Schiff, the Democrat National Committee, (Dem)Senate Majority PAC, and even Crooked Joe Biden.”

    — Trump attacking judge’s daughter a few hours before gag order, which doesn’t mention the attack.

    Donald J. Trump
    @realDonaldTrump
    Mar 26, 2024, 9:42 AM

    Judge Juan Merchan, a very distinguished looking man, is nevertheless a true and certified Trump Hater who suffers from a very serious case of Trump Derangement Syndrome. In other words, he hates me! His daughter is a senior executive at a Super Liberal Democrat firm that works for Adam “Shifty” Schiff, the Democrat National Committee, (Dem)Senate Majority PAC, and even Crooked Joe Biden. He was recently the judge on an unrelated trial of a long term employee, elderly and not in good health. This judge treated him viciously, telling him either you cooperate or I’m putting you in jail for 15 years. He pled, and went to jail for very minor offenses, highly unusual, served 4 months in Rikers, and now they are after him again, this time for allegedly lying (doesn’t look like a lie to me!), and they threatened him again with 15 years if he doesn’t say something bad about “TRUMP.” He is devastated and scared! These COUNTRY DESTROYING SCOUNDRELS & THUGS HAVE NO CASE AGAINST ME. WITCH HUNT!

  36. A feeble and confused Trump posts a typo-riddled all-caps rant misspelling “Biden,” “disinforms,” “misinforms,” and other basic words

     
    Plumpty prolly “dictates” his posts rather than types. 

  37. Merchan will in all likelihood not take the bait.  

    It may not be a cofeve or hamberder, but I was very impressed by Dumbass creating a couple new verbs – misinformate and disinformate. Why yes, he “dictates” his inane ramblings, but is suspect he “dictates” them to someone who keys them in – spell check and auto-correct mangle misinformate and disinformate.

  38. Bye bye, Ronna. WaPo.

    NBC reverses decision to hire Ronna McDaniel after on-air backlash

    Amid a chorus of on-air protest from some of the network’s biggest stars, NBC announced on Tuesday night that former Republican National Committee chair Ronna McDaniel will no longer be joining the network as a paid contributor.

     The announcement came in a memo from NBCUniversal News Group Chairman Cesar Conde, who said he had listened to “the legitimate concerns” of many network employees. “No organization, particularly a newsroom, can succeed unless it is cohesive and aligned,” he wrote. “Over the last few days, it has become clear that this appointment undermines that goal.”

    Conde also apologized to employees “who felt we let them down” and took “full responsibility” for the hiring.

    The network had announced her hiring last Friday, telling employees that McDaniel had been signed to a contract to provide her “expert insight and analysis on American politics and the 2024 election.” One NBC News executive made the case in a memo that “it couldn’t be a more important moment to have a voice like Ronna’s on the team.”

    But the company’s on-air personalities — especially those on NBC’s liberal-leaning cable affiliate MSNBC — disagreed vehemently, saying that McDaniel’s promotion of Donald Trump’s media-bashing and false election-fraud claims disqualified her for a role in their news divisions.

    And one by one, they took to the airwaves to deliver that message to their bosses in front of their live audiences Monday.

    “Take a minute, acknowledge that maybe it wasn’t the right call,” MSNBC’s top-rated star Rachel Maddow said on her show that night. “It is a sign of strength, not weakness, to acknowledge when you are wrong.”

    Too bad, so sad.

  39. 🎶 won’cha help me Ronna help me promulgate the Big Lie 🎵

    …wish mumbles would just withdrawize already and abscondilate to Russia, or any non-extraditionailing country, don’t care 🤷‍♂️

  40. https://thehill.com/blogs/blog-briefing-room/4557605-trump-god-bless-usa-bibles/

    “The $60 Bible is the King James Version will include lyrics from Greenwood’s “God Bless the U.S.A.,” as well as the U.S. Constitution, the Bill of Rights, the Declaration of Independence and the Pledge of Allegiance.”

    Adding the words of government documents, song lyrics, etc., to the Bible isn’t just another grift.  It’s dangerous propaganda in the paws of his lemmings.  

    Last month’s ugly sneakers have given way to this month’s bastardized Bible.  What will he hawk next?  

    He must not have gotten much in return for those government secrets he stole.

  41. https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html
    “The stock surged about 56% at the open, to $78, and trading was briefly halted for volatility. Trump Media shares stabilized around $70 before fizzling. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day.”
     
    “Despite the late-day slide, Wall Street is still assigning Trump Media an eye-popping valuation of nearly $11 billion — a price tag that experts warn is untethered to reality.”
     
    ”Untethered to reality.”
     
    “The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.”

    “This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.”

    “Ritter said the closest parallel would be GameStop, AMC and other so-called meme stocks that skyrocketed during Covid-19 as an army of retail traders piled in. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.”

    “The underlying business doesn’t seem to be worth much. There is no evidence this is going to become a large, highly profitable company,” he said. “I’m reasonably confident the stock price will eventually drop to $2 a share and could even go below that if the company blows through the money it got from the merger.”

    “The eye-popping valuation is a massive windfall for Trump, who owns a dominant stake of 79 million shares.”
     

    “Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span.”

    “And yet the market is valuing Trump Media at approximately $11 billion.”

    “For context, Reddit was only valued at $6.4 billion at its IPO last week — even though it generated 160 times more revenue than Trump Media. (Reddit hauled in $804 million in revenue in 2023, compared with Trump Media’s annualized revenue of about $5 million.)”

    “Truth Social had just 494,000 monthly active US users on iOS and Android combined in February, according to Similarweb stats provided to CNN.”

    “Truth Social is shrinking. Its monthly active users plunged 51% year over year in February, Similarweb stats show. The number of unique visitors to Truth Social’s website was 648,000, down 20% year over year.”

  42. https://www.cnbc.com/2024/02/07/trump-spac-insider-trading-defendant-charged-with-money-laundering.html
     
    From last month: 
     
    “A man already charged with insider tradingrelated to a shell company’s planned merger with Donald Trump‘s social media firm was hit with a new money laundering count in Manhattan federal court.”
     
    “Michael Shvartsman was also accused in a superseding indictment unsealed Wednesday of engaging in a monetary transaction in property derived from unlawful activity.”

    “The new indictment details two money transfers Shvartsman conducted after netting a profit of about $18.2 million from selling Digital World Acquisition Corp. securities in fall 2021. Later that year, he used a large chunk of that money to buy a luxury yacht, prosecutors allege.”

    “The trio of investors allegedly bought DWAC securities after learning on a confidential basis that the so-called special purpose acquisition company was eyeing a merger with Trump Media and Technology Group.”

    “The men then sold the securities after DWAC publicly announced the planned merger, which sent DWAC’s share price soaring to as high as $175 per share, the indictment alleges.”
     
    “The superseding indictment says that Michael Shvartsman, in December 2021, transferred about $8.4 million in proceeds from the DWAC securities sale to a bank account controlled partly by a business associate of his.”

    “That account, dubbed a “Washing Account” by the new indictment, “regularly received a high volume of deposits and transmitted a high volume of withdrawals, with a consistently high running balance.”

    “As a result, transferring these proceeds into the Washing Account provided an effective method of concealing the source and ownership of those fundings,” the indictment says.
     
     

  43. https://www.miamiherald.com/news/politics-government/article284580595.html
    “Russian investor made millions off insider trading tied to Trump Media, court docs say”
     

    The other side of the Shvartsman story.

    “A Russian-American businessman based in Miami is suspected of making nearly $23 million from alleged insider trading involving former President Donald Trump’s media company, according to federal court records.”

    “The businessman, Anton Postolnikov, is the owner of a Caribbean bank that caters to the porn industry and also reportedly loaned $8 million to Trump’s media company.”

    “Postolnikov, who owns a few residences on exclusive Fisher Island in Miami, is the nephew of a former high-ranking Russian government official who at one time was a staffer for Russian President Vladimir Putin, according to media reports.”

    Eventually, I think we’ll need a crime scene board and a lot of red string to follow all of the stuff about DWAC and tRUMPsky’s TS.

  44. Most Bible readers I know already have one, and some have been passed down in the family. 

  45. But do they have Lee Greenwood’s song, “God Bless the U.S.A.,” as well as the U.S. Constitution, the Bill of Rights, the Declaration of Independence and the Pledge of Allegiance? You know, like god 🙄 intended?

  46. Art Candee

    MAGA Upset Alert: Democrat Marilyn Lands WON the special election for District 10 in the Alabama House.

    Democrat Marilyn Lands has defeated Republican Teddy Powell in a special election for Alabama House District 10 by a whopping 25 points, flipping the district from red to blue.

    Lands ran on a platform that emphasized protecting abortion rights and IVF.

    62 % to 38%

  47. https://www.cnn.com/2024/03/26/politics/djt-stock-trump-what-matters/index.html
    “That a fledgling, unprofitable social media platform can make the former president billions of dollars on paper is a marvel of the stock market.”
     
    *on paper
     
    “Trump can’t realize the windfall by selling his shares or borrowing against them for six months unless the company’s board, which is packed with his supporters, gives him the OK.”
     
    “In the case of Trump, the stock could be inflated by his supporters, although the inverse could also true. If Trump unloaded his stock, it could plunge in value because his brand would no longer be associated with it.”
     
    “The top institutional investor in the company is Susquehanna International Group. Its founder, Jeff Yass, is a major donor to Republican causes and also a major investor in ByteDance, the parent company of TikTok.”
     
    “…what might happen if foreign wealth funds that have interests in the US, like those associated with Saudi Arabia or Qatar, started buying large amounts of DJT stock”?

    “Shortly after he was elected in 2016, Trump noted that presidents are exempt from ethics laws. “The president can’t have a conflict of interest,” he told The New York Times.”

    “Current law restricts every executive branch employee except the president from having investments that conflict with their job, Kedric Payne, senior director of ethics at the Campaign Legal Center, told me in a phone conversation.”

    “It’s something Trump exploited when he said he gave control of his company, the Trump Organization, to his sons during his four years in the White House. Ethics experts balked at the lack of controls and transparency.”

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