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11 Jan, 5 tweets, 6 min read
Coming up on @realmoney

Trump Loses His Voice, Twitter Loses Its Meal Ticket

* Over the last four years Twitter has become President Trump's 'house organ' en.wikipedia.org/wiki/House_org… - a powerful, real-time tool for communicating his views and policy
* I shorted Twitter last
week after predicting, in my "15 Surprises for 2021," in late December, that the President would be banned from Twitter
* On Friday night, Twitter permanently banned President Trump from the platform cnn.com/2021/01/08/tec…
* @realdonaldtrump was Twitter's "mother lode" -
the importance of his Twitter account can not be overstated
* The ban on Trump's Twitter account will have profound ramifications for Twitter's usage, revenues and profitability
* Twitter's shares, which fell on Friday, are down by another -$4 (or -8%) in premarket trading
* There will now likely be regulatory attempts to limit the power of Big Tech and social media platforms - an unfriendly development for the share prices (and valuations) of Twitter, Google, Facebook, etc. @jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @business @arimelber
@realdonaldtrump @morningmika @morning_joe @aronberg @carlquintanilla @riskreversal @EpsilonTheory @convertbond @saraeisen @ScottWapnerCNBC @guyadami @joeterranova @lizclaman @steverattner @threadreaderapp unroll

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More from @DougKass

Dougie Kass Profile picture
12 Jan
I have spent the last year or so endlessly criticizing Trump's conduct, ethical foundation and policies on Twitter.
I was aghast that so many accepted (Trump Acceptance Syndrome? TAC?) his behavior and lack of a moral footing.
To all my haters who defended @realDonaldTrump
and repeatedly tweeted that I and others had TDS (Trump Derangement Syndrome) - I accept your apologies.
Today (one by one) the leaders in the Republican House and Senate are increasingly moving to support impeachment as they now are in favor of purging Trump from the Party.
To those who's views of Trump have not changed since the siege on Washington last week I think you should reassess-- you should recognize that the assault has been ongoing but you simply were unwilling to see with clarity.
It is time for the Republican party to regain the tenets
Read 4 tweets
Dougie Kass Profile picture
12 Jan
@realmoney
Jan 12, 2021 | 12:30 PM EST DOUG KASS
'Schwartzy' Buys
* In March 'Schwartzy' sold out his entire stock portfolio

* Yesterday he bought back into the market

* Res ipso loquitor

I can't even...
Yesterday I received a telephone call from 'Schwartzy' who informed me that he has bought back into the market.

You all might remember my pal 'Schwartzy' back at the market lows in March when I wrote a column, "'Schwartzy' Sells", in which I described a friend's decision
to liquidate his entire (sizeable) stock portfolio...

Bottom Line

'Schwartzy' sold his portfolio out with the S&P Index at about 2200 - within a couple of days of the market's lows.

This week he has bought stocks back (10 months later) with the S&P Index at about 3800.
Read 7 tweets
Dougie Kass Profile picture
10 Jan
From My 15 Surprises for 2021 on @realmoney (Dec 2020)

Surprise #3 Former President Trump No Longer Remains A Dominant Political Force in the U.S. - The Republican party comes to the realization that Trump is a liability at the same time the Democrats realize that the far left
hurts their party. Trump proceeds with "Trump TV" (he is in "pre-production" already!). Launched in the spring, he recruits Sean Hannity, Roger Stone, Mike Flynn and Joe Kernen to become the enterprise's primary commentators. By year-end it is clear that this is but another
one of Trump's multiple business failures and "Trump TV" closes almost before it started. Facing numerous lawsuits and a sweeping State of New York indictment, Donald Trump declares personal bankruptcy by year-end. There is no cliffhanger this time and, disgraced,
Read 6 tweets
Dougie Kass Profile picture
10 Jan
With the PGA announcing a lifetime ban against golf tournaments on @realdonaldtrump properties - the anti Trump sentiment is rapidly advancing. Faster than many realize. The economic consequences are immense. Banks, advertisers and corporations will shun him and his entities.
In time, only his most rabid allies will remain at Mar A Lago and his clubs. For most it will be a personal embarrassment to admit membership.
Corporations (real estate companies and others) that he joint ventures with will seek to end their association.
This is likely the beginning of the end of the Trump real estate and corporate empire.
Impeachment may be the least of the Trump family's problems now.
Read 5 tweets
Dougie Kass Profile picture
10 Jan
Yes and the many that are deflecting and making straw man arguments about free speech (like the many that I have blocked in the past - like you Jim) -- are intentionally ignoring the poisonous crowd at the House's chamber. If screams to "Hang Pence" and Camp Auschwitz and 6
Million Weren't Enough (6MWE) T shirts tmz.com/2020/12/23/rac… are dismissed as so many are doing in their arguments - we are in a sorry state as a country and I wish I could double block the bad actors. Remember @realdonaldtrump request to "carry them out on stretchers"
or "stand back stand by" - this is the same President that has celebrated violence for 3 yrs
Why didnt you see this coming? Many of us did!
Your cries of the last three years to "let Trump be Trump" is on all of you. Your cries to defend Conservative thought? That is Bull shit
Read 5 tweets
Dougie Kass Profile picture
10 Jan
Trump’s Lost Cause takes its fuel from conspiratorial myths of all kinds, rehearsed for years on Trump media and social media platforms. Its guiding theories include: Christianity under duress and attack; large corrupt cities full of Black and brown people manipulated by liberal
elites; Barack Obama as alien; a socialist movement determined to tax you into subservience to “big government”; liberal media out to crush family and conservative values; universities and schools teaching the young a history that hates America; resentment of nonwhite immigrants
who threaten a particular national vision; and whatever hideous new version of a civil religion QAnon represents.

An effective, enduring Lost Cause story needs to know clearly what it hates, has to attain widespread control of its own communication and needs institutional
Read 4 tweets

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