Tag Archives: donald

Trump Media Reports $55M Loss After Massive Bitcoin Investment

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Donald Trump’s media company is morphing into something very different from what it set out to be. Once marketed as the “free-speech alternative” to Silicon Valley, Trump Media & Technology Group (TMTG) is now spending billions on Bitcoin as its own balance sheet collapses.

The company, which went public last year through a high-profile SPAC merger, reported another brutal quarter — a $54.8 million loss, nearly three times higher than a year ago. Revenue barely cracked $1 million, while legal bills alone ballooned past $20 million. Shares of TMTG slipped more than 3% in extended trading after the news.

The numbers paint a picture of a company caught between political fandom and financial chaos. There’s still no data on Truth Social’s audience, no clarity on user growth, and no evidence that the platform generates meaningful income.

### A Radical Shift Toward Bitcoin

But Trump Media’s leadership seems to think it has found another way out — by betting big on crypto. Between July 1 and July 21, the firm poured roughly $2 billion into Bitcoin and related assets, according to its quarterly filing. It bought when prices hovered near $118,000 per coin. That move might already be underwater.

By early November, Bitcoin had tumbled to around $103,000, erasing hundreds of millions in paper value. The firm also owns Cronos (CRO) tokens through an August venture with Crypto.com and a blank-check company — another stake that has dropped since September.

The initiative was introduced as a “treasury diversification strategy,” but it now looks more like a desperate pivot toward speculation. The company’s original mission — building a social network — has been quietly sidelined, with no mention of new user milestones or platform upgrades in its latest report.

### Trump’s Expanding Fortune

Ironically, while his company sinks deeper into losses, President Trump’s personal wealth is soaring. Thanks to his large holdings in Trump Media and various crypto assets, Forbes now values his net worth at $7.3 billion, up sharply since his return to the White House.

Roughly $6.6 billion of that total is tied directly to crypto and Trump Media equity, making him one of the wealthiest sitting U.S. presidents in history and placing him at #201 on the Forbes 400 list.

Trump’s public comments suggest little concern about the company’s financial transparency. In a September Truth Social post, he even called for an end to quarterly financial reports, claiming it would “save money and let executives focus on running their companies.”

### Leadership Under Pressure

Inside Trump Media, the financial strain hasn’t stopped the flow of executive rewards. CEO Devin Nunes, a former Republican congressman, received a $5.9 million stock award in August — weeks after the company recorded a $20 million Q2 loss. The shares will vest over three years, even as investors grow wary of the firm’s cash reserves.

That compensation package has fueled new questions about how much oversight the company really has, especially as Trump remains the controlling shareholder with 114.75 million shares held through a revocable trust.

### Ethics Concerns and Political Firestorm

With Trump back in the Oval Office, critics argue that his overlapping roles — as president, media owner, and crypto investor — create murky ethical territory. But the administration has brushed off such criticism.

Karoline Leavitt, the White House press secretary, dismissed the allegations in a statement to Forbes, calling them “irresponsible fabrications” and insisting that “neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest.”

### A Meme Stock Without a Map

What began as a populist tech play has turned into a volatile mashup of politics, crypto, and speculation.

For now, Trump Media is less a communications company and more a market experiment, propped up by faith, followers, and financial risk-taking. Whether its Bitcoin strategy can save it — or sink it further — remains to be seen. But after another quarter of red ink, one thing is clear: Trump’s media empire is betting its survival on the world’s most unpredictable asset.

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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

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**About the Author**

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
https://coindoo.com/trump-media-reports-55m-loss-after-massive-bitcoin-investment/

Trump relative says he hates being blamed for Tuesday’s blue wave: “Not taking any of this too well”

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Donald Trump’s lesbian niece, Mary Trump, recently revealed that her uncle is not handling the results of Tuesday’s elections very well. On her blog, Mary joked, “I know it’s not going to shock you all: Donald’s not taking any of this too well. He doesn’t like the whole blue wave narrative, and he certainly doesn’t like people blaming him for it.”

She mocked him for his reaction to the Democratic sweep by “lying to protect his fragile ego” during a post-election day speech in which he falsely claimed that the prices of gas and groceries had significantly decreased. According to Mary, her uncle’s claim that gas is at a 20-year low and costing only $2 a gallon is untrue.

Mary immediately debunked that possibility. “I don’t have a car, but I rented one this weekend, and gasoline was $4 a gallon,” she said. “The American Automobile Association, or AAA, has the average price of gasoline nationwide at $3.08 a gallon. I think Roseanne was still on TV the last time gas was less than $2 a gallon—not the reboot, the original.”

She added, “According to petroleum analyst Patrick DeHaan, prices would need to decline below $2.96 to reach their lowest level since 2021. They’d need to drop below $1.76 a gallon nationally—a $1.34 per gallon drop compared to today—to fall to their lowest level since 2009.”

Mary questioned the president’s motivation behind trying to convince Americans that he has brought down the cost of living. “You can tell people all you want that gasoline is cheaper than it’s ever been, but if you’re somebody who buys gasoline a lot and pays attention to how much it costs, because a price difference of 20 to 50 cents a gallon is going to negatively impact your ability to buy other essential goods, you’re going to notice.”

She also referenced CNN’s fact-check that grocery prices were 2.7% higher in September than they were a year earlier and 1.4% higher than when the president took office in January.

Reflecting on the election results, Mary Trump said, “voters just aren’t buying the lies anymore.”

The president did not hide his rage in the immediate aftermath of Tuesday’s results. He ranted on Truth Social that unnamed “pollsters” claimed “TRUMP WASN’T ON THE BALLOT, AND SHUTDOWN, WERE THE TWO REASONS THAT REPUBLICANS LOST ELECTIONS TONIGHT.”

In a follow-up post, he reiterated his call to Republicans to terminate the filibuster and demanded they “GET BACK TO PASSING LEGISLATION AND VOTER REFORM,” which critics interpret as a dog whistle for voter suppression.

However, the president probably shouldn’t have been surprised by the results, considering his monstrous disapproval ratings. MSNBC host Rachel Maddow recently detailed just how unpopular he is with the American people, explaining that his disapproval rating is “higher than it was in the immediate aftermath of January 6th.”

Citing an ABC/Washington Post Poll, Maddow added that “Americans disapprove of him on everything,” including:

– His handling of Israel and Gaza (minus 6 points)
– His approach to crime (minus 11 points)
– His immigration policies (minus 13 points)
– His handling of foreign relations (minus 19 points)
– The economy (minus 25 points)
– His handling of the Russia-Ukraine War (minus 21 points)
– His management of the federal government (minus 27 points)
– His tariffs (minus 32 points)

These numbers no doubt explain what happened in Tuesday night’s elections, where Democrats swept in races across the country.

The November 4 off-year elections saw Democrats dominate their Republican and independent opponents in gubernatorial and mayoral races, judicial retention votes, state legislative elections, commission races, and a historic, unprecedented ballot measure.

Analysts have said the Democrats could not have had a better night, as candidates across the country not only won their elections but, in many cases, made history.

In numerous races, Democrats won by such large margins that news organizations declared winners within minutes of polls closing.
https://www.lgbtqnation.com/2025/11/relative-says-he-hates-being-blamed-for-tuesdays-blue-wave-not-taking-any-of-this-too-well/

Chicago gov refuses to concede to ‘ultimatum’ as Trump prepares to send in 300 National Guard troops to city

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Donald Trump will deploy 300 members of the National Guard in Illinois, state governor JB Pritzker said on Saturday.

“In the coming hours, the Trump Administration intends to federalize 300 members of the Illinois National Guard,” Pritzker said in a statement. He added: “They will pull hardworking Americans out of their regular jobs and away from their families all to participate in a manufactured performance, not a serious effort to protect public safety.”

“For Donald Trump, this has never been about safety. This is about control,” Pritzker continued.

The Illinois governor called the Trump administration’s actions “outrageous and un-American.” He claimed that his state had been given an ultimatum: “Call up your troops, or we will.” Pritzker said there was “no need for military troops on the ground” in Illinois.

He also added, “This demand follows unprecedented escalations of aggression against Illinois citizens and residents.”

“Yesterday, Kristi Noem’s and Greg Bovino’s masked agents threw chemical agents near an elementary school, arrested elected officials exercising their First Amendment rights, and raided a Wal-Mart. None of it was in pursuit of justice, but all of it was in pursuit of social media videos,” Pritzker said.

On Tuesday, Trump said that his administration would be “going into Chicago very soon.” The US president made the remarks while addressing military generals and admirals in Quantico, Virginia. Trump said then about Pritzker: “That’s a big city with an incompetent governor. Stupid governor.”

The US president has long implied that he could mobilize the National Guard in Illinois. In September, Trump posted a graphic of himself with the words “Chipocalypse Now,” wearing a cowboy hat with explosions and military helicopters behind him. The Truth Social post said: “I love the smell of deportations in the morning. Chicago about to find out why it’s called the Department of WAR.”

Trump also warned the “weak and pathetic Governor” Pritzker to “straighten it out FAST.”

Previously, the US president sent the National Guard into Democrat-led Los Angeles and Washington, DC. Louisiana’s Republican governor, Jeff Landry, has asked for up to 1,000 Louisiana National Guard troops to be activated in his state.

Earlier this week, Pritzker said that the Illinois National Guard “received word that the Department of Homeland Security has sent a memo to the Department of War seeking the deployment” of troops to Illinois. The mobilization, Pritzker said, is for the “protection of ICE personnel and facilities.”

“What I have been warning of is now being realized,” Pritzker said. “One thing is clear: none of what Trump is doing is making Illinois safer.”

The National Guard’s deployment is just one of the Trump administration’s recent actions in Chicago. The Department of Homeland Security announced on Wednesday that ICE and US Border Patrol officers arrested “more than 800 illegal aliens,” including the “worst of the worst,” as part of Operation “Midway Blitz” in Chicago.

The operation started on September 8 and is intended to “target the criminal illegal aliens who flocked to Chicago and Illinois because they knew Governor Pritzker and his sanctuary policies would protect them and allow them to roam free on American streets,” the DHS said in a press release.

On Friday, Office of Management and Budget director Russ Vought announced $2 [amount incomplete].

Pritzker’s announcement regarding the National Guard’s mobilization came on the same day officials reported that Border Patrol agents in Chicago shot a woman after officers were “rammed by ten cars.”

According to a statement released by the DHS, one of the drivers was a woman armed with a semi-automatic weapon, forcing officers to open fire. Their statement added that the woman in question was part of an internal threat bulletin circulated after allegedly doxxing and threatening law enforcement officials online.

DHS Assistant Secretary Tricia McLaughlin said: “Unfortunately, JB Pritzker’s Chicago Police Department is leaving the shooting scene and refuses to assist us in securing the area. There is a crowd growing and we are deploying special operations to control a growing crowd.”

Images captured at the scene showed a large presence of federal agents, who blocked a road using their vehicles as a crowd of protestors formed.

A spokesperson for the Chicago Police Department told Daily Mail: “The Chicago Police Department responded to the 3900 block of S. Kedzie Ave Saturday morning for a call of a person shot. CPD responded to the scene to document the incident. CPD officers were also on-scene to maintain safety and traffic control for all living and working in the area.”
https://www.dailymail.co.uk/news/article-15162619/chicago-governor-trump-national-guard-jb-pritzker.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Chicago gov refuses to concede to ‘ultimatum’ as Trump prepares to send in 300 National Guard troops to city

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Donald Trump will deploy 300 members of the National Guard in Illinois, state governor JB Pritzker said on Saturday.

“In the coming hours, the Trump Administration intends to federalize 300 members of the Illinois National Guard,” Pritzker said in a statement. He added, “They will pull hardworking Americans out of their regular jobs and away from their families all to participate in a manufactured performance, not a serious effort to protect public safety.”

“For Donald Trump, this has never been about safety. This is about control,” Pritzker continued, calling the Trump administration’s actions “outrageous and un-American.”

The Illinois governor claimed that his state had been given an ultimatum: to “call up your troops, or we will.” He also stated, “There is no need for military troops on the ground” in Illinois.

Pritzker further condemned recent actions, saying, “This demand follows unprecedented escalations of aggression against Illinois citizens and residents.” He referenced incidents involving masked agents allegedly throwing chemical agents near an elementary school, arresting elected officials exercising their First Amendment rights, and raiding a Walmart store. “None of it was in pursuit of justice, but all of it was in pursuit of social media videos,” he added.

Earlier in the week, President Trump announced that his administration would be “going into Chicago very soon” while addressing military generals and admirals in Quantico, Virginia. Trump referred to Pritzker as “a big city with an incompetent governor. Stupid governor.”

The U.S. president has long hinted at mobilizing the National Guard in Illinois. In September, Trump posted a graphic of himself wearing a cowboy hat, surrounded by explosions and military helicopters, with the words “Chipocalypse Now.” The accompanying Truth Social post read, “I love the smell of deportations in the morning. Chicago about to find out why it’s called the Department of WAR.”

Trump also warned the “weak and pathetic Governor” Pritzker to “straighten it out FAST.”

Previously, the president sent National Guard troops into Democrat-led cities such as Los Angeles and Washington, D.C. In Louisiana, Republican Governor Jeff Landry has requested up to 1,000 Louisiana National Guard troops to be activated in his state.

Earlier this week, Pritzker announced that the Illinois National Guard “received word that the Department of Homeland Security has sent a memo to the Department of War seeking the deployment” of troops to Illinois. The mobilization, according to Pritzker, is for the “protection of ICE personnel and facilities.”

“What I have been warning of is now being realized,” the governor said. “One thing is clear: none of what Trump is doing is making Illinois safer.”

The National Guard’s deployment is just one of the Trump administration’s recent actions in Chicago. On Wednesday, the Department of Homeland Security (DHS) announced that ICE and U.S. Border Patrol officers had arrested “more than 800 illegal aliens,” including the “worst of the worst,” as part of Operation “Midway Blitz” in Chicago.

The operation began on September 8 and aims to “target the criminal illegal aliens who flocked to Chicago and Illinois because they knew Governor Pritzker and his sanctuary policies would protect them and allow them to roam free on American streets,” according to a DHS press release.

On Friday, Office of Management and Budget Director Russ Vought announced further funding actions related to immigration enforcement.

Pritzker’s announcement about the National Guard mobilization came on the same day officials reported that Border Patrol agents in Chicago had shot a woman after officers were allegedly “rammed by ten cars.”

According to a DHS statement, one of the drivers was a woman armed with a semi-automatic weapon, forcing officers to open fire. The woman was reportedly part of an internal threat bulletin after allegedly doxxing and threatening law enforcement officials online.

DHS Assistant Secretary Tricia McLaughlin said, “Unfortunately, JB Pritzker’s Chicago Police Department is leaving the shooting scene and refuses to assist us in securing the area. There is a crowd growing, and we are deploying special operations to control a growing crowd.”

Images from the scene showed a large presence of federal agents blocking off a road with their vehicles as a crowd of protesters gathered.

A spokesperson for the Chicago Police Department told the Daily Mail, “The Chicago Police Department responded to the 3900 block of S. Kedzie Ave Saturday morning for a call of a person shot. CPD responded to the scene to document the incident. CPD officers were also on-scene to maintain safety and traffic control for all living and working in the area.”
https://www.dailymail.co.uk/news/article-15162619/chicago-governor-trump-national-guard-jb-pritzker.html?ns_mchannel=rss&ns_campaign=1490&ito=1490