How is Trump's Phony Media Company "Worth" $7 Billion?
What A Day6 Huhti 2024

How is Trump's Phony Media Company "Worth" $7 Billion?

Why on earth is Wall Street valuing Donald Trump’s little social network at $7 billion despite having few users, scant revenue and tremendous losses? This week on “How We Got Here,” Max and Erin take stock of how wonky and meme-ified investment markets have become, what this means Trump’s legal bills, and why “DJT” shares would never be this high if not for Netscape and GameStop.

SOURCES

Trump Media’s Business Doesn’t Matter - Bloomberg

Pump and Dumps Are Legal Now - Bloomberg

Jonathan Lebed's Extracurricular Activities - The New York Times

Trump Media stock plunges as 2023 Truth Social loss put at $58 million

Opinion | ‘Dumb Money’ and the Meme Stock Phenomenon - The New York Times

Meme Stocks Are Back. Here’s Why Wild Trading May Be Here to Stay. - The New York Times

Trump Stock Takes Washington by Storm - WSJ

Who Is Fueling the Surge in Shares of the Trump SPAC? - WSJ

Trump’s Dazzling Truth Social SPAC - WSJ

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From Inside The Ballroom

From Inside The Ballroom

On Saturday evening, there was a shooting at the White House Correspondents' Dinner in Washington, D.C. President Trump and members of his cabinet were rushed out of the room, and Trump later gave a s...

27 Huhti 23min

Should Dems Welcome The MAGA Defectors?

Should Dems Welcome The MAGA Defectors?

Earlier this week, What A Day talked about Tucker Carlson's "apology" for supporting President Donald Trump. Carlson's unexpected confession stemmed from a conversation on his podcast, The Tucker Carl...

24 Huhti 22min

Kash Grabs Trump’s Defamation Playbook

Kash Grabs Trump’s Defamation Playbook

FBI director Kash Patel has sued The Atlantic for $250 million. It comes after the magazine published an article alleging that Patel is frequently drunk on the job and that his security team has had d...

23 Huhti 22min

Donald Trump Boosts Renewable Energy (By Accident)

Donald Trump Boosts Renewable Energy (By Accident)

Happy Earth Day! While we celebrate efforts to save the earth, the Trump administration appears to be doing everything in its power to destroy it. At the same time, the Iran war has driven gas prices ...

22 Huhti 21min

Is Trump… Okay?

Is Trump… Okay?

The media and Democrats have been sounding the alarm on Trump's mental health for a decade. But now, even some of his biggest supporters are wondering: is Trump… okay? Maryland Democratic Rep. Jamie R...

21 Huhti 24min

Trump vs Reddit: Free Speech In The Balance

Trump vs Reddit: Free Speech In The Balance

President Donald Trump and Co. have historically claimed to be all about free speech. But maybe Trump only cares about free speech when he likes what's being said. Earlier this month, The Intercept re...

20 Huhti 19min

How Trump Bullied Israel Into A Ceasefire

How Trump Bullied Israel Into A Ceasefire

On Thursday, President Donald Trump announced that Israel and Lebanon had agreed to a 10-day ceasefire. The ceasefire could pause weeks of fighting between Israel and Hezbollah, a Lebanese militant gr...

17 Huhti 23min

The Race To 2028 Has Begun

The Race To 2028 Has Begun

Presidential hopefuls have already started jockeying for position in the 2028 race — look at the number of Democrats who published memoirs over the last year. But a lot can happen in two years. And ac...

16 Huhti 26min

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