@NinaTotenberg .@NPR and @NinaTotenberg are standing by their reporting. Totenberg notes that neither of the statements released today directly contradicts what she reported.
The stock for the SPAC slated to merge with Trump's new media company has almost doubled in price in recent days, giving it an imputed value of $20 BILLION
The company has: 1. No products, 2. No customers, 3. No revenue
Trump's media company was supposed to launch a social media network in November. Now it might launch in February?
But it's worse than that. By the company's own projections the social media network is NEVER SUPPOSED TO GENERATE SIGNIFICANT REVENUE
Almost all of the revenue is supposed to come from a forthcoming streaming product which will have to compete against all the other streaming products. There is no information on when or if such a streaming product will actually launch.
2. While federal gov't employees face a maximum penalty of five years in jail and a fine of 50K, members of Congress are free to actively trade an individual stock while voting on bills that would directly impact the stock's price.
1. This will be a thread of corporations that are "honoring" MLK Jr on Twitter today but donated to the @NRSC in the last year, supporting a caucus that is filibustering voting rights and a chair (@SenRickScott) who voted to overturn the last election
1. This will be a thread of Republicans shamelessly exploiting King's legacy by pretending to honor King with a tweet while using their power to oppose everything that King stood for
Follow along if interested.
2. King did not change Congressman Bucshon's heart or mind when he voted against the John Lewis Voting Rights Act on August 24, 2021
3. No one is doing more to undermine MLK's legacy than Mitch McConnell. King fought for voting rights and an end to poverty. McConnell undermines voting rights and anti-poverty programs.
1. REMEMBER, from the outset, conservatives have sought to use the MLK Jr. holiday to ignore the "reality" of King and coopt his legacy as a symbol of an ideology that King abhorred