1. Trump's "media company" is currently valued at $2 BILLION.

It has no product, no customers, and no revenue.

But it's much worse than that.

Follow along if interested. Image
2. The most detailed information we have about Trump's media company is from an investor presentation filed with the SEC.

I want to draw your attention to Page 22 of the presentation which is an overview of the "Infrastructure" of the company.

Pretty important! Image
3. I guess Trump did not expect anyone to actually READ this particular page

Because if you do, it makes absolutely no sense.

This is a social media and streaming company.

This page defines a "user" as "A sales representative who visits customers"

Huh? Image
4. Well if you look up all of this language, you can see that the definition of a "user" is just cut-and-pasted from open-source descriptions of enterprise software.

The description of a "User" comes from this page — a open-source framework for enterprise software Image
5. The entire page describing the "infrastructure" of Trump's media company is cut-and-pasted from other sites

In other words, not only does this company not have any technical infrastructure it could not be bothered to even write its own slide of what the infrastructure will be
6. Yet, this is a company purportedly worth $2 BILLION.

An unknown investor or investors have kicked in $1 BILLION.

But there is little evidence it really exists.

More on the mirage of Trump Media & Technology Group:

7. I'll be tracking this company closely.

For updates and more accountability journalism, check out my newsletter, Popular Information.

Unlike Trump's investor presentation, it's original work!

And it's free to sign up --> popular.info/subscribe
8. UPDATE: The market cap Google shows is actually just the value of the SPAC. But the SPAC doesn't reflect all the shares.

Approx. value of Trump's media company right now EXCEEDS $11 BILLION at Friday's price

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More from @JuddLegum

13 Dec
1. @KelloggsUS claims the company still reflects the values of founder W.K. Kellogg but the way the company treats its employees today is the polar opposite

W.K. Kellogg said: "I will invest my money in people"

@KelloggsUS views its people as disposable

@KelloggsUS 2. W.K. Kellogg offered free daycare and Kindergarten for the children of working mothers

All employees families received full medical and dental benefits

He surrounded his cereal plant with a lush 10-acre garden for his employees' use

popular.info/p/snap-crackle… Image
3. As the Great Depression gripped the country in 1930 W.K. Kellogg reduced shifts from 8-hrs to 6-hrs so that he could hire people who had been laid off

He also increased hourly pay so that workers would still bring home roughly the same amount of money

Read 11 tweets
9 Dec
1. Trump lost Michigan by more than 150K votes but its still been at the center of his false claims of election fraud

Trump's allies have tried to pass new voting restrictions this year but they were vetoed by the governor

So now they have a new scheme

2. An obscure provision in Michigan law says once you collect signatures for a ballot initiative the legislature can pass the initiative before it appears on the ballot and it automatically becomes law and cannot be vetoed

3. And that's exactly what Trump's allies in Michigan are doing. They are collecting signatures to make it harder to vote and then are going to try to jam that through the legislature.

In this way, they can bypass the governor and the voters

Read 5 tweets
6 Dec
1. If you are wondering where this anti-CRT stuff is going a new bill in New Hampshire would require teachers to put a positive spin on slavery.


2. The "teacher loyalty" bill would prohibit, in most circumstances, "any doctrine or theory promoting a negative account or representation of the founding and history of the U.S."

This includes "teaching that the United States was founded on racism"

3. So how would a teacher explain the 3/5ths compromise "which basically invalidated the humanity of enslaved people who were black"

A sponsor of the bill said teachers should say that the 3/5th compromise was an effort to END slavery

Read 11 tweets
4 Dec
1. In 2021 a slew of dark-money groups were formed to drive opposition to Critical Race Theory. They are organized as non-profits, which means their donors can stay secret.

But the public is entitled to some information about these groups, including how they spend their money
2. The problem, however, is that the disclosure system for non-profits is a joke. Organizations formed in January 2021 or later don't have to file their first 990 until NOVEMBER 2022.

There is really no justification for this.
3. Even once November 2022 hits, the 990 isn't automatically made public. Instead, you have to REQUEST the document from the organization. You used to be able to show up at an office and get it on the spot. But with COVID, that's pretty much impossible
Read 4 tweets
3 Dec
Parents of Michigan shooter:

1. Bought him a 9mm Sig Sauer SP 2022 pistol as a present on Black Friday

2. When a teacher caught him searching for ammunition of his phone, his mom texted: "LOL I'm not mad at you. You have to learn not to get caught."
3. When his teacher found a note saying "help me," “The thoughts won’t stop" and and "blood everywhere," his parents refused to send him to counseling or send him home

4. His mom texted "Ethan don't do it" and his dad reported the gun missing AFTER the shooting was reported
5. The parents have been charged with involuntary manslaughter but, as of right now, have "gone missing."

According to the NYT, "the county’s fugitive-apprehension team, F.B.I. agents and United States Marshals were looking for the couple"

Read 4 tweets
3 Dec
1. A coalition of right-wing dark money groups have issued a statement encouraging states to pass more laws banning Critical Race Theory in 2022

2. This is the interesting part. The statement says that the laws should prohibit IDEAS that violate the Civil Rights Act of 1964.

The Civil Rights Act of 1964 does not BAN IDEAS.

As a country, we should not be in the business of banning ideas.
3. But it is revealing of the fundamental nature of the anti-CRT movement. It is a blunt attack against the concept of free expression.
Read 4 tweets

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