You Will Anyway: Oh my, another Trump toady hits the skids

Friday, October 4, 2024

Oh my, another Trump toady hits the skids

You surely remember Devin Nunes. And he has company as Trump Media fails spectacularly.

Senior executives at Donald Trump’s media company have left the business following mismanagement accusations made against its CEO, according to a report.

The Truth Social parent company, whose stock cratered to its lowest point ever last week, confirmed the resignation of chief operating officer Andrew Northwall in a Securities and Exchange Commission filing on Thursday. According to ProPublica, the company has also parted ways with its chief product officer and two lower-level employees in the wake of an anonymous “whistleblower” complaint about its CEO, former Rep. Devin Nunes (R-CA).

Sources told ProPublica the complaint concerns Nunes’ alleged mismanagement, which one person said involved “allegations of misuse of funds, hiring of foreign contractors and interfering with product development.” The ouster of the staffers is believed to be retaliation after the complaint made it to the company’s board of directors, according to people involved in the business.

[...]

Trump Media, which operates the platform, has since struggled with revenue, losing almost $58.2 million last year while only making $4.1 million in revenue, according to the Associated Press.

The company started trading publicly this year, and its share price has fluctuated in recent months. The stock hit a high of $79.38 after making its debut on the Nasdaq in March before plunging to a low of $12.15 late last month—just as Trump, who owns around 60 percent of the company’s stock, became able to start selling his shares.

The price fell below $16 at the open on Friday.

[...]

According to ProPublica, Trump Media brought in a lawyer to investigate and interview staffers after the allegations were made about Nunes. Some of the employees the attorney spoke to were notified last week that they were being pushed out.

[...]

The source claimed the departing staffers were asked to sign a deal promising not to publicly make claims of wrongdoing against Trump Media in exchange for severance.

Daily Beast

Surely that will instigate some lawsuits. And I don't think anyone should be surprised about Devin Nunes.

...but hey, do what you want...you will anyway.

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"It takes only a bit of knowledge of history to realize how dangerous it is to think that the people who run the country know what they are doing." -- Howard Zinn

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"Terrorism is the willingness to kill large numbers of people for some presumably good cause.” -- Howard Zinn

"What we have is a foreign policy which is essentially a marketing strategy for selling weapons." -- Jill Stein

"We should always remember that the danger to societies from security services is not that they will spontaneously decide to embrace [Stasi style] mustache twirling and jackboots to bear us bodily into dark places, but that the slowly shifting foundation of policy will make it such that mustaches and jackboots are discovered to prove an operational advantage toward a necessary purpose.” ~ Edward Snowden

"America: just a nation of two hundred million used car salesmen with all the money we need to buy guns and no qualms about killing anybody else in the world who tries to make us uncomfortable." ~ Hunter S. Thompson

"Let me issue and control a nation's money and I care not who writes the laws." ~ Mayer Rothschild

"News is what somebody does not want you to print. All the rest is advertising." ~ LACUNA

"What matters in journalism isn't politics, which are as universal and inescapable as breathing. What matters -- along with a fundamentally adversarial attitude toward government, without which "journalism" is simply public relations -- is integrity, transparency, evidence, coherence, and principle. These are the principles on which we should evaluate the quality of journalism, and their absence is why some journalists are so desperate to get you to focus on something else." ~ Barry Eisler

"There is no inverse relationship between freedom and security. Less of one does not lead to more of the other. People with no rights are not safe from terrorist attack." ~ Molly Ivins

"The brain of our species is, as we know, made up largely of potassium, phosphorus, propaganda, and politics, with the result that how not to understand what should be clearer is becoming easier and easier for all of us." ~ James Thurber

"The highest patriotism is not a blind acceptance of official policy, but a love of one's country deep enough to call her to a higher plane....When you hold up your arm and swear to uphold the Constitution, you don’t say, 'Except in wartime.'" -- George McGovern

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Life, as Explained in "Rosencrantz & Guildenstern Are Dead"

GUILDENSTERN: What a fine persecution---to be kept intrigued without ever quite being enlightened.

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ROSENCRANTZ : The only thing that makes it bearable is the irrational belief that somebody interesting will come on in a minute.

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GUILDENSTERN: But for God's sake what are we supposed to do?!

PLAYER: Relax. Respond. That's what people do. You can't go through life questioning your situation at every turn.

GUILDENSTERN: But we don't know what's going on, or what to do with ourselves. We don't know how to act.

PLAYER: Act natural. You know why you're here at least.

GUILDENSTERN: We only know what we're told, and that's little enough. And for all we know it isn't even true.

PLAYER: For all anyone knows, nothing is. Everything has to be taken on trust; truth is only that which is taken to be true. It's the currency of living. There may be nothing behind it, but it doesn't make any difference so long as it is honoured. One acts on assumptions.

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GUILDENSTERN : We act on scraps of information... sifting half-remembered directions that we can hardly separate from instinct.

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PLAYER: Life is a gamble, at terrible odds-if it was a bet you wouldn't take it.