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

Episoder(1567)

The Cost Of War Is More Than Oil

The Cost Of War Is More Than Oil

The war with Iran has already killed more than a thousand Iranians, including 175 people killed at an elementary school on February 28th. According to multiple news outlets, a preliminary report from ...

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Trump, Iran And A Brewing Economic Crisis

Trump, Iran And A Brewing Economic Crisis

In case you haven’t noticed, the American economy isn't doing so well right now. Oil prices have been on an absolute rollercoaster since the Iran war began — but that’s not all. On Friday, the Bureau ...

11 Mar 28min

The War With Iran Has No Exit Plan

The War With Iran Has No Exit Plan

The Iran war is a little over a week old and the Trump administration has supplied more than a dozen explanations about why, exactly, it began. Confused? Well, now we’re getting wildly conflicting mes...

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Can States Stop Trump’s Election Meddling?

Can States Stop Trump’s Election Meddling?

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9 Mar 20min

Sen. Mark Warner Won’t Miss Kristi Noem

Sen. Mark Warner Won’t Miss Kristi Noem

On Thursday, President Donald Trump fired Department of Homeland Security Secretary Kristi Noem via a Truth Social post. Her tenure was marked by a photoshoot in a superprison in El Salvador, brutal i...

6 Mar 21min

Can Talarico Turn Texas Blue?

Can Talarico Turn Texas Blue?

Three states – North Carolina, Arkansas, and Texas – held primaries Tuesday. The turnout was massive, but so were the stakes, with the balance of power in Congress being decided this year. Texas held ...

5 Mar 21min

Trump’s War Hits The Economy

Trump’s War Hits The Economy

The U.S.-Israeli war in Iran is sowing death and chaos, surely, but with ship traffic avoiding Iran’s shores, the war’s also threatening the global economy through higher oil prices. Miles Taylor expl...

4 Mar 24min

Why Congress Might Not Stop Trump’s War In Iran

Why Congress Might Not Stop Trump’s War In Iran

Today, Trump officials brief all of Congress on what, exactly, the administration’s objectives are in Iran. Until now, the Trump administration has given conflicting accounts as to why the U.S. attack...

3 Mar 19min

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