Donating

Continuing the theme of Trump as LBO artist and gangster. Every company or country he touches goes bankrupt so he can grab the assets. Even if he DOESN’T grab the assets the company or country goes bankrupt.

The Ankler included these numbers in one of their articles about developments in the media business:

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Just another TRUTH SOCIAL financial update, as it just released its full-year 2023 results:

Revenue: $4.1 Million

Profit/Loss: -$58 Million

Market Valuation: Still over $6 Billion

DJT Stock: -21% yesterday

As Dan Primack put it in his Axios Pro Rata newsletter yesterday: “At this point, owning TMTG (DJT stock) is basically an in-kind donation to Donald Trump. Both financially and reputationally.”

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4 million is a TINY annual revenue. A typical single grocery store grosses 14 million a year and ends up with a net profit of 200k. It certainly wouldn’t LOSE 58 million. The only way you can do that is with “shareholders” who are basically donating to the company.

Putting it another way, Truth Social has the same revenue as the frozen foods section of one store.

Reminds me of the well-known rule: When you see a store that looks prosperous but doesn’t have enough visible customers to stay in business, it’s a Mafia front. Trump is a literal Mafia leader, not just metaphorical. He was trained by Roy Cohn.