Wednesday, October 16, 2024

Trump's Failing Scams

 

The Malignant Loser's cult has a quaint image of their leader as a highly successful businessman, despite his six bankruptcies, convictions in New York on business fraud, and the fact that he inherited his wealth from his daddy. Selling gold high tops, non-fungible tokens with comic book images of him, and $100,000 watches have some of his rubes eager to buy their demi-god's goods. However, his latest scam "businesses, " DJT Media and his crypto coin venture are showing signs of his fatal touch:

The Malignant Loser's crypto coin scam fell well short when yesterday's token sale was marred by continual crashes of the internet site:

"Donald Trump’s new crypto project is off to a rough start.

World Liberty Financial, which aspires to be a sort of crypto bank, launched its token sale on Tuesday, a day after project co-founder Zachary Folkman said “well over 100,000 people” are on the whitelist to invest.

But WLF’s website suffered regular and lengthy outages for much of the morning and early afternoon, contributing to a limited number of sales. Only about 4,300 unique wallet addresses hold the token as of Tuesday afternoon, according to blockchain data tracked by Etherscan, representing roughly 4% of the total number of people who registered."

Similarly, his "media" company has been nosediving in value for many months, and yesterday was another bad day:

"Former President Donald Trump’s social media company suffered a sudden nosedive in the stock market Tuesday that briefly halted trading and left traders scratching their heads.

Truth Social owner Trump Media & Technology Group was trading sharply higher during a volatile session at about $31 per share when it swiftly collapsed below $29 shortly after 2:40 p.m. ET on heavy trading volume.

Nasdaq paused trading for Trump Media at 2:42 p.m. ET for five minutes, a routine cooling-off period that exchanges are required to impose during times of heavy volatility.

When trading resumed, Trump Media initially bounced back before plunging below $27."

More and more people are seeing the Malignant Loser as a fading figure, despite his strength among the faithful cultists that will follow him into bankruptcy and worse. For his part, he's seeing his ventures failing and is freaking out, obsessed as he is with his wealth.  


1 comment:

Cleora Borealis said...

How does it work? Trump Media has a valuation of $6B based on less than $1M in revenue. Tell me like I'm an idiot who depends on logic! 🤪