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Sahwa@reddthat.com to News@lemmy.world · 14 hours ago

Trump Media Lost £544 Million on £2.8 Million in Revenue as Stock Plummets: CEO Devin Nunes Just Called It Quits

www.ibtimes.co.uk

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Trump Media Lost £544 Million on £2.8 Million in Revenue as Stock Plummets: CEO Devin Nunes Just Called It Quits

www.ibtimes.co.uk

Sahwa@reddthat.com to News@lemmy.world · 14 hours ago
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Trump Media CEO Devin Nunes resigns amid major losses, with Kevin McGurn as interim CEO as the company faces declining stock value and ongoing operational challenges.
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  • BrianTheeBiscuiteer@lemmy.world
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    13 hours ago

    He’s made billions on other grifts so I’m sure he doesn’t care.

    • frongt@lemmy.zip
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      10 hours ago

      Has he really though? He’s bankrupted Trump casino, Trump steaks, Trump University… I’d be shocked if he really had all that much money in the bank.

      • CmdrShepard49@sh.itjust.works
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        6 hours ago

        He just sued himself as president and then settled the case for a $230 million payout over the classified document investigation. He’s also suing himself again for $10 billion over his tax returns getting leaked.

      • dogslayeggs@lemmy.world
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        10 hours ago

        Those were all before he became POTUS. Everything he has done since then has been using every single bit of power he has to funnel money to his family and friends, which then goes back to him. You don’t think he’s getting a kickback on all those insider stock trades on oil futures that suspiciously happened right before going into Venezuela and also happened right before going into Iran?

        You are right that he probably doesn’t have that much money in the bank, because it is all distributed around to insiders who will give it back to him.

      • corsicanguppy@lemmy.ca
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        9 hours ago
        1. Make a corp
        2. Pay yourself a LOT
        3. Bankrupt the corp

        You see how HE doesn’t lose, even when the corp dies?

      • porcoesphino@mander.xyz
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        8 hours ago

        Over a billion (maybe four) in his first year of his second term for him and his family:

        https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html

        https://www.npr.org/2026/01/14/nx-s1-5677024/trump-profits-merch-hotels-crypto

        It’s tough to tease out exactly how much and exactly who it goes to

    • null@lemmy.org
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      12 hours ago

      They always got a side grift running.

  • dhork@lemmy.world
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    13 hours ago

    Don’t have a cow, Devin

    • Optional@lemmy.world
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      10 hours ago

      Bam! That’s what i’m talkin about.

  • MagicShel@lemmy.zip
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    13 hours ago

    Everyone knows truth social is going to be worthless by January.

    • Seaguy05@lemmy.world
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      13 hours ago

      I bet this is more of a tax scheme to use that loss as a tax deduction because that family is a total turd pile.

      • Corvidae@lemmy.world
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        12 hours ago

        “Tax scheme” explains why Nunes is moving to “Chairman of the President’s Intelligence Advisory Board”.

      • Dragomus@lemmy.world
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        12 hours ago

        I’d say all of his bankruptcies were used as tax write offs …
        Also, it wouldn’t surprise me at all if this whole trump media thing was constructed from the start as an impending bankruptcy…

        • forrgott@lemmy.zip
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          12 hours ago

          I can’t see it any other way. You’re talking about a jackass that would rather embezzle a casino into the ground than just enjoy guaranteed profits.

    • partial_accumen@lemmy.world
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      10 hours ago

      I could see a future where the smoldering remains of truth social is bought up for pocket change in bankrupcty by The Onion, and gets rebranded as an online museum of trump’s lifetime of failures. The irony is that only in the end would the meaning of “truth” in its name actually be accurate.

    • bedwyr@piefed.ca
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      11 hours ago

      That is unless the gangster King here trades a favor for some billionaire to keep it afloat.

  • cybervseas@lemmy.world
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    13 hours ago

    Oh Lordy I forgot about Devin Nunes.

    • Optional@lemmy.world
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      10 hours ago

      I know, it was nice wasn’t it

  • Eric@lemmy.blahaj.zone
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    12 hours ago

    That is less revenue than your average McDonald’s location

  • santa@sh.itjust.works
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    12 hours ago

    Lol. Suck it. It’s like a ship with no floor!

    • ThrowawayOnLemmy@lemmy.world
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      12 hours ago

      Don’t get too excited. Knowing these fuckin guys, they planned to tank the company to write off their other ill-gotten gains.

      • this_1_is_mine@lemmy.ml
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        5 hours ago

        It’s all a grift!

        Err I mean it’s all a gift.

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