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(1578)

Streets Of Minneapolis

Streets Of Minneapolis

Minneapolis is still under ICE’s thumb — and contrary to the Trump Administration and some media reports, ICE has not “de-escalated” in the Twin Cities. Multiple media outlets have reported no real ch...

29 Jan 26min

The Sunshine State Strategy

The Sunshine State Strategy

U.S. Secretary of State and National Security Adviser Marco Rubio is expected to publicly testify Wednesday about what exactly the U.S. has planned for Venezuela. But the next potential target of the ...

28 Jan 27min

Mayhem In Minneapolis

Mayhem In Minneapolis

There’s a massive funding package making its way through Congress this week. It includes funding for the Department of Homeland Security, including Immigration and Customs Enforcement and Border Patro...

27 Jan 28min

Joining ICE Is Much Easier Than You Think

Joining ICE Is Much Easier Than You Think

On Saturday, Alex Pretti – a 37-year-old registered nurse at the Veterans Affairs hospital in Minneapolis – was shot and killed by Border Patrol agents. It’s the third shooting in three weeks by feder...

26 Jan 25min

Trump's Never-Ending Enemies List

Trump's Never-Ending Enemies List

Former special counsel Jack Smith testified before the House Judiciary Committee on Thursday about the steps President Donald Trump and his allies took to overturn the 2020 election and to foment the ...

23 Jan 23min

Trump: Bigly Unpopular

Trump: Bigly Unpopular

After meeting with NATO allies in Davos, Switzerland, President Donald Trump took to Truth Social to announce “the framework of a future deal with respect to Greenland and, in fact, the entire Arctic ...

22 Jan 22min

Why Greenland Keeps Rejecting America's Advances

Why Greenland Keeps Rejecting America's Advances

President Donald Trump’s obsession with Greenland isn’t new. Back in 2019, he made an offer to buy the island, but was told by Denmark and Greenland that it was not for sale. It still isn’t – as Denma...

21 Jan 23min

Will Claude Code Change Everything?

Will Claude Code Change Everything?

Today marks a year since President Donald Trump took office for a second time, and a lot has happened. Amidst all the threats to take over Greenland, the Liberation Day tariffs, and the crackdown on e...

20 Jan 25min

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