- MyPillow CEO Mike Lindell told Insider he had to borrow $10 million in 2022 to keep MyPillow afloat.
- Lindell said he'd also sold a building for $2 million and borrowed a further $2 million for himself.
- Lindell says he's burning through $1 million dollars every month on causes related to voter fraud.
MyPillow Founder and CEO Mike Lindell claims the company has had to borrow almost $10 million to keep the lights on. The MyPillow guy has been embroiled in a series of lawsuits brought by voting machine manufacturers who allege Lindell defamed them by spreading conspiracies regarding their role in the 2020 election.
“The machine companies continue to sue us for billions of dollars, and we had to borrow almost $10 million at MyPillow,” Lindell told far-right radio host and former Trump advisor Steve Bannon on Wednesday.
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Mike Lindell Backtracks on Claims MyPillow Is Going Broke
MyPillow CEO Mike Lindell says his company is in great shape, just hours after telling Steve Bannon it was going broke due to political pressure.
“I invented MyPillow2.0 and it is doing great!” Lindell told The Daily Beast on Wednesday night.
Despite trying to claim that his business was the victim of a political vendetta earlier on Wednesday, Lindell was quickly peddling a different story.
“Over 1/2 the loans are already paid back! MyPillow2.0 is manufactured 100% by MyPillow in Minnesota! You must have seen the ads in all TV stations across the country,” he said, referencing his collaboration with QAnon podcasts and web shows that are selling MyPillow products in a significant profit-sharing deal.
Lindell has been entangled in a number of lawsuits brought about by voting machine manufacturers after he spread unfounded conspiracy theories based on the “stolen” 2020 election. Lindell is a diehard Trump supporter.
The full scope of financial crisis is unclear, however, in January, he told WCCO that MyPillow had lost $100 million in retailers and that “we are not up 30-40%—we are down. We are down. I had to borrow money.”
Lindell told former Trump adviser Steve Bannon on Wednesday: “The machine companies continue to sue us for billions of dollars, and we had to borrow almost $10 million at MyPillow.”
Lindell declined to say whether MyPillow is currently losing money, instead telling The Daily Beast that “MyPillow had to spend millions on lawsuits and the last 2 years lost 30 box stores and shopping channels.
MyPillow CEO Mike Lindell says his company is in great shape, just hours after telling Steve Bannon it was going broke due to political pressure.
“I invented MyPillow2.0 and it is doing great!” Lindell told The Daily Beast on Wednesday night.
Despite trying to claim that his business was the victim of a political vendetta earlier on Wednesday, Lindell was quickly peddling a different story.
“Over 1/2 the loans are already paid back! MyPillow2.0 is manufactured 100% by MyPillow in Minnesota! You must have seen the ads in all TV stations across the country,” he said, referencing his collaboration with QAnon podcasts and web shows that are selling MyPillow products in a significant profit-sharing deal.
Lindell has been entangled in a number of lawsuits brought about by voting machine manufacturers after he spread unfounded conspiracy theories based on the “stolen” 2020 election. Lindell is a diehard Trump supporter.
The full scope of financial crisis is unclear, however, in January, he told WCCO that MyPillow had lost $100 million in retailers and that “we are not up 30-40%—we are down. We are down. I had to borrow money.”
Lindell told former Trump adviser Steve Bannon on Wednesday: “The machine companies continue to sue us for billions of dollars, and we had to borrow almost $10 million at MyPillow.”
Lindell declined to say whether MyPillow is currently losing money, instead telling The Daily Beast that “MyPillow had to spend millions on lawsuits and the last 2 years lost 30 box stores and shopping channels.
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