• Welcome to the new Internet Infidels Discussion Board, formerly Talk Freethought.

Trump starts new media company: Pravda

These people just don't seem to get it... Trump is Pro-Trump... nothing else. How a bunch of highly partisan people can think this non-partisan narcissist gives a crap about them or their causes is incredible.

They think he shares their cause and won't stiff them. And then they get stiffed, like everyone else. It isn't personal though. He just doesn't care about anyone else, excluding his daughter's body.
 
www.dailykos.com

Trump Threatened to 'Blow Up the Company' if Truth Social Execs Didn't Give Their Shares to Melania

Two days after the January 6th insurrection that Donald Trump incited, Twitter permanently suspended his account "due to the risk of further incitement of violence." That eventually led to the creation of the Trump-branded Twitter clone, Truth Social,...
www.dailykos.com
Ever since, Truth Social has proven to be another pitiful failure in the Trump stable of ego-driven business ventures. That, however, didn't stop him and his minions from pretending that it was not only a success, but an Earth shattering advance in the evolution of the human race. In reality, it was a fiasco on every level. It lost money, failed to attract users, betrayed its promise of free speech, stiffed its vendors, and is mired in multiple legal quagmires.

Adding to the unfolding apocalypse of Trump's social media scam and its parent company, Trump Media and Technology Group (TMTG), is a new report revealing the expanding scope of Trump's greed and corruption. One of TMTG's executives, Will Wilkerson, has emerged as a whistleblower with allegations that he and other company principals were pressured by Trump to "give up some of his shares to Trump’s wife, Melania?" According to the Washington Post...

"Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company’s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.

"[Company co-founder Andy] Litinsky tried to brush it off, telling Trump 'the gift would have meant a huge tax bill he couldn’t pay,' Wilkerson said in an interview. 'Trump didn’t care. He said, 'Do whatever you need to do.'"
Click to expand...
The Post goes on to report that "Five months later, Litinsky, who first met Trump in 2004 as a contestant on the TV show “The Apprentice,” was abruptly removed from the company’s board." Furthermore, Trump embellished his pressure campaign in an email wherein he threatened to "'blow up the company' if his demands are not met." Now Wilkerson has filed a whistleblower complaint with the SEC "alleging that "the company’s bid to raise money ... relied on 'fraudulent misrepresentations … in violation of federal securities laws.'"

The Post's article details at length the soap opera melodrama that went on at TMTG for months. That includes episodes where company founders were terminated and replaced by Don Trump Jr, and associates of Trump's hand-picked CEO, former GOP congressman and ultra-right-wing Trump-fluffer, Devin Nunes, who had no experience whatsoever in the technology field.

With the company reportedly in violation of SEC regulations and other laws, and investors backing out, its offices were moved from a prestigious commercial building to a mail box at a UPS store. Shares of the shell company that was formed to take TMTG public, Digital World Acquisition Corp (DWAC) have crashed from a high of $175.00 to less than $18.00.
Click to expand...
 
On Trump’s Truth Social: Ads for Miracle Cures, Scams and Fake Merchandise - The New York Times - "Truth Social, the social network started by former President Donald J. Trump, has struggled to attract large brands."
Between posts about conspiracy theories and right-wing grievances was an unusual advertisement: a photo of former President Donald J. Trump holding a $1,000 bill made of gold, which he was apparently offering free to supporters.

But there were a few catches: The bill was not free, it was not made of gold, and it was not offered by Mr. Trump.

...
Ads from major brands are nonexistent on the site. Instead, the ads on Truth Social are for alternative medicine, diet pills, gun accessories and Trump-themed trinkets, according to an analysis of hundreds of ads on the social network by The New York Times.

The ads reflect the difficulty that several far-right platforms, including Rumble and Gab, have faced in courting large brands, preventing the sites from tapping into some of the world’s largest ad budgets.
Click to expand...
They claim to love capitalism so much, yet these capitalists won't fund them. So they whine about "Big Tech tyranny" and "woke capital".
But ad experts say the wariness from prominent brands on far-right social networks, which have positioned themselves as free-speech alternatives to Silicon Valley giants like Meta and Google, is driven by the kinds of conspiracy theories and hyperpartisan politics often found on the sites.

In addition, they say, Truth Social has a relatively small user base and many older users, who are less desirable for the brands.
Click to expand...
Also, these sites don't usually have inadequate software features for tracking views of ads and targeting users for types of ads.
“The more you stray from that safe center, the more you become the fringe or the extreme on anything, then the less money you’re going to get,” said Tom Denford, the chief executive of ID Comms, an advertising consulting firm.
Click to expand...
 
These ads include a series of children’s books about the dangers of communism, an “anti-woke” life insurance company and a vaccine exemption card.

These ads often used Mr. Trump’s portrait. While the items are often described as “gold,” the checkout pages describe them as gold-plated, meaning they may have a patina of real gold. Mr. Trump’s supporters have been inundated with the ads since before his electoral victory in 2016.
Click to expand...
So they are gilded rather than solid gold.
One ad for a $2 bill showed a fake tweet from President Biden calling for the Federal Reserve to outlaw the bill.
Click to expand...
A bill with a portrait of Donald Trump.
The ads targeted gun enthusiasts and so-called survivalists with knives, ammo and tactical gear.

...
Most of the ads from Truth Social reviewed by The Times used images designed to catch a user’s attention, like grotesque eyeballs and skin abnormalities, typically selling alternative medicines and miracle cures.
Click to expand...
 
Companies can typically use tools offered by digital ad services to prevent their ads from appearing near words or phrases that might upset customers — like war, assault or suicide. In a reflection of the wariness that brands have over Mr. Trump and his politics, the word “Trump” ranked as the 11th most common blacklisted term provided by advertisers in 2019, according to data from Integral Ad Science, a company focusing on brand safety.

“It’s really dangerous for major advertisers to be closely associated with a political figure and also a political movement,” said Bob Hoffman, an advertising industry veteran and the author of The Ad Contrarian, a newsletter critical of the industry. “It’s not in their best interest to get involved in that quagmire.”
Click to expand...
Right-wingers, however, claim that this is proof that these capitalists are really left-wing ogres.

This pulling of ads was a big problem with Twitter, and Elon Musk blamed "activists" rather than his policies.
 
Feds investigating Trump Media, owner of Truth Social for taking laundered $8 M, possibly from Russia

Federal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties, according to sources familiar with the matter.

The company – Trump Media, which owns Trump’s Truth Social platform – initially came under criminal investigation over its preparations for a potential merger with a blank check company called Digital World (DWAC) that was also the subject of an earlier investigation by the Securities and Exchange Commission.

Towards the end of last year, federal prosecutors started examining two loans totaling $8m wired to Trump Media, through the Caribbean, from two obscure entities that both appear to be controlled in part by the relation of an ally of Russian president Vladimir Putin, the sources said.
Click to expand...
 
BREAKING: Truth Social files a lawsuit today against 20 media companies for defamation.

#186553510 E-Filed 11/20/2023 07:42:40 PM

IN THE CIRCUIT COURT OF THE TWELFTH JUDICIAL CIRCUIT IN AND FOR SARASOTA COUNTY, FLORIDA CIVIL DIVISION

TRUMP MEDIA & TECHNOLOGY GROUP CORP.,

Plaintiff,

V.

GUARDIAN NEWS AND MEDIA, LLC, HOLLYWOOD REPORTER, LLC, THE MCCLATCHY COMPANY, LLC, d/b/a Miami Herald, ALEX MENA, REUTERS NEWS & MEDIA INC., ROLLING STONE, LLC, NEXSTAR MEDIA INC., d/b/a The Hill, DEADLINE HOLLYWOOD LLC, ACCRETIVE CAPITAL LLC, d/b/a Benzinga, MARKETWATCH.COM, LLC, FORBES MEDIA LLC, AXIOS MEDIA INC., THE DAILY BEAST COMPANY, LLC, G/O MEDIA, INC. d/b/a Gizmodo, SALON.COM, LLC, NEW YORK DAILY NEWS, NEWSWEEK, MSNBC CABLE, LLC, MEDIAITE, LLC, DMG MEDIA LTD., d/b/a Daily Mail, and CNBC, LLC,

Case No.:

COMPLAINT

DEMAND FOR A JURY TRIAL

Defendants.

1. This case is about an unprecedented and seemingly coordinated media campaign, by no less than 20 major media outlets, to attack Trump Media & Technology Group ("TMTG") and its social media platform, Truth Social, by falsely

reporting that TMTG had lost $73 million. 2. This number was an utter fabrication. Each defendant, in apparent
coordination, reported the exact same false number within approximately 24 hours of one another, each citing to a public Securities and Exchange Commission ("SEC") filing, in which the mystery $73 million loss appears nowhere.
Click to expand...
 
You must log in or register to reply here.
Back
Top Bottom