And as usual, it's cratering.
May 10, 2026
Fail Trump
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company.
Trump Media & Technology Group Corp., which is the parent company of Truth Social, released its first-quarter 2026 results on Friday reporting a positive operating cash flow of $17.9 million and $2.1 billion in financial assets, which is triple the assets from the same period a year ago.
However, the company’s investment in cryptocurrencies at the peak of the market last summer drove hundreds of millions in losses this quarter. Close to $370 million of the company’s losses came from unrealized liabilities in digital assets and equities.
Trump Media currently has over 9,500 Bitcoin in its treasury and purchased the digital assets last July at an average cost of $108,519, per CoinGecko. The company sold 2,000 Bitcoin in late February, when the price of the digital currency was just under $70,000.
Currently, Bitcoin is valued at a little over $80,000, after a dramatic swing over the last year with the digital currency peaking at $126,000 in October before dropping dramatically to $60,000 in early February.
Trump Media’s CEO, Devin Nunes, a former Republican congressman from California, stepped down on April 22. The company’s stock has tumbled more than 90% since early 2022, when it rose as much as $97.54. The current stock price is $8.93.
Trump Media is the parent of the social-media network that President Trump launched after Twitter banned him following the Jan. 6, 2021, riot at the US Capitol.
Moscow's Parade
Putin health fears as despot mocked over 'haggard' Victory Day appearance
The Russian leader was branded a 'deeply frightened, aging dictator' and mocked over his tired and aged appearance at the Victory Day parade in Moscow
Vladimir Putin is facing a torrent of ridicule over his haggard and hollow appearance as concerns about the Russian dictator's health continue to mount.
Reportedly terrified of a coup or assassination at the hands of Ukraine, the despot was labelled a "deeply frightened, aging dictator" by Russian adversary Mikhail Khodorkovsky following his Victory Day appearance in Moscow.
Ukrainian commentator Anton Gerashchenko drew attention to an unflattering photograph of the 73-year-old former spy and his swollen cheeks, writing: "The face of a 'victor' and the leader of a 'superpower'. It seems sanctions have even reached Putin's Botox".
Observers noted a lopsided, pillow-like face, lumpy filler, mismatched cheeks, and a melting wax face. Monitoring group Crimean Wind stated: "History shows that many dictators visibly aged before the fall of their regime or their death. Scientists link this to chronic stress, paranoid fear of losing power, and isolation, which accelerate the body's aging."
Putin opponent Leonid Nevzlin viewed the "shrinking" parade — which featured no military hardware for the first time in almost two decades — as a telling symbol of Putin's loosening grip on power.
Scott Galloway
Leave enough people with nothing more to lose, and they will come for you.
And your stuff is not all they're going to take.
May 9, 2026
From TwiXter
The American Ammosexual when he learns it's called a "school" of fish.
Video of a man firing a submachine gun underwater pic.twitter.com/hB7U1ihove
— ₣ØⱤ₮Ɏ✭ (@Forty1_0) May 9, 2026
Because Of Course
The death of AI should come when it becomes obvious to people that it's set up to manipulate them into buying a certain product, or thinking a certain way, or voting for certain politicians.
Deep fakery and GOP fuckery could turn the midterms into a total fucking joke.
So I'm still hopeful, but not at all confident. Because we are the stoopid country.
Erika Jordan
Selective Conspiracism
Selective conspiracism refers to a cognitive and political phenomenon where individuals or groups pick and choose which conspiracy theories to believe based on their existing political, ideological, or personal biases, rather than evidence. (NIH)
Cult Cognition
Cult cognition involves the psychological manipulation of thought processes, often exploiting cognitive dissonance and social conformity to create intense, unquestioning loyalty to a leader or group. By employing four types of control—behavior, information, thought, and emotion (BITE model), these groups break down individual critical thinking and create an "us vs. them" mentality. (Wikipedia)
A Quote
There's a certain level of wealth and accumulation that is unearned. You can't earn a billion dollars. You just can't earn that. You can get market power, you can break rules, you can abuse labor laws, you can pay people less than what they're worth. But you can't earn that.
Subscribe to:
Posts (Atom)