Trump is truly an audacious jackass. He doesn’t want Walmart to raise prices in response to the costs of his tariff idiocy. He wants them to eat the losses b/c when consumers see higher prices, he knows they’ll point fingers at him, and lay the blame at his feet — where it belongs. Sheer cowardice.
I’ve no sympathy for Walmart. The company is greed incarnate. It’s just that Trump’s temerity is beyond measure.
#DonaldTrump #WhatAnAsshole #TrumpTariffs #Walmart #tariffs #audacity #cowardice #MAGA
Okay, there’s a lot to unpack in this story, so hang with me here. For the past month or so, Americans and American businesses have been stuck in tariff hell. Blanket and additional tariffs i…Techdirt
This is not to downplay the extent to which Trump is grifting his devotees and crypto traders looking to make a buck on memecoin speculation. But it is important that we accurately report on his cons and don’t contribute to misleading crypto hype for the sake of large numbers.
Newspapers’ estimates of the $TRUMP token’s fully diluted value fluctuated wildly from somewhere around $20 billion to around $70 billion, depending on which paper you read and when they published.
This variance perhaps should have been a sign to these reporters that the numbers aren’t real.
#crypto #cryptocurrency #DonaldTrump #USpolitics #USpol
![When Donald Trump launched a memecoin days before his inauguration, newspapers were quick to try to grab headlines with huge numbers.
“The $TRUMP memecoin — a financial asset that didn’t exist on Friday afternoon — now accounts for about 89% of Donald Trump’s net worth,” wrote Axios, which dubbed him a “crypto billionaire”.1 “[T]he so-called fully diluted value of all the tokens as of Saturday at noon was $30 billion, a number achieved less than a day after the token went on the market,” wrote the New York Times.2 Newspapers’ estimates of fully diluted value fluctuated wildly from somewhere around $20 billion to around $70 billion, depending on which paper you read and when they published.](https://fedi.ml/photo/preview/640/629023 "When Donald Trump launched a memecoin days before his inauguration, newspapers were quick to try to grab headlines with huge numbers.
“The $TRUMP memecoin — a financial asset that didn’t exist on Friday afternoon — now accounts for about 89% of Donald Trump’s net worth,” wrote Axios, which dubbed him a “crypto billionaire”.1 “[T]he so-called fully diluted value of all the tokens as of Saturday at noon was $30 billion, a number achieved less than a day after the token went on the market,” wrote the New York Times.2 Newspapers’ estimates of fully diluted value fluctuated wildly from somewhere around $20 billion to around $70 billion, depending on which paper you read and when they published.")
Newsletter: No, Trump didn’t make $50 billion from his memecoin.
citationneeded.news/trump-meme…
#crypto #cryptocurrency #DonaldTrump #USpolitics #USpol
Journalists’ flawed math and ignorance of crypto markets turn tokens into fake fortunesMolly White (Citation Needed)
Donald #Trump Controls a Publicly Traded Company. Now He Will Pick Its Regulator.
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There have been internal concerns that Trump Media could be misleading investors, a source said. But with its largest shareholder about to be president, experts doubt the SEC is up to the job of investigating Truth Social’s parent company.
#News #Government #SEC #Regulation #USPolitics #TrumpMedia #Politics #Business #Finance #DonaldTrump
For some reason people fleeing the sinking #Twitter / #X ship for #BlueSky don't seem to be aware of the fact that crypto bros at #BlockchainCapital bought a huge stake in the company just a few weeks ago. Like these are basically the same crypto bros who just helped #ElonMusk buy Twitter. They might even be literally the same people (I strongly suspect they are but I'm too lazy to check). Either way #BlockchainCapital was co-founded by #BrockPierce, who also brought you #Tether, AKA the company that Trump's transition team chairman manages $120 billion for. Pierce is also a friend of the #Netanyahu family.
You don't have to take my word for it. Here's the official press release: bsky.social/about/blog/10-24-2…
Moving to BlueSky is not an escape. Growing a base there is just putting in a bunch of work to create a platform that will be co-opted by crypto bros as soon as X breaks in half.
p.s. crypto bros (#a16z) also own #Substack
#crypto #cryptocurrency #bitcoin #USDT #Trump #DonaldTrump
NEW: What to Expect From #ProPublica in a Second #Trump Administration
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Our job is to give readers an independent, verifiable account of what’s happening, even if the #president is calling us enemies of the people or bloodsuckers.
#News #Journalism #DonaldTrump #Election #Election2024 #Politics #Government
propublica.org/article/second-…
We’ll be devoting a significant part of our staff to detailing what are expected to be dramatic changes in the role of the federal government in the lives of Americans.ProPublica
#Trump Claims “Illegal Alien” #Voting Is Rampant. His Own Party Disagrees.
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In a private video training session, a top #Pennsylvania #Republican National Committee official reassured a new poll watcher that undocumented people could not possibly vote in the state.
#News #Election2024 #DonaldTrump #RNC #GOP #Video #Politics #Government #Immigration
propublica.org/article/trump-p…
In a private video training session, a top Pennsylvania Republican National Committee official reassured a new poll watcher that undocumented people could not possibly vote in the state.ProPublica
Trump Media Outsourced Jobs to #Mexico Even as #Trump Pushes “America First”
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On the campaign trail, #DonaldTrump threatened businesses that send jobs south of the border, while his own company that runs the Truth Social platform outsourced coding jobs to workers in Mexico, outraging some staff members.
#News #TrumpMedia #Trump #Government #Business #Tariffs #Politics #Election #ELection2024 #TruthSocial
propublica.org/article/donald-…
On the campaign trail, Donald Trump threatened businesses that send jobs south of the border, while his own company that runs the Truth Social platform outsourced coding jobs to workers in Mexico, outraging some staff members.ProPublica
Jack White Threatens Donald Trump Campaign With Legal Action: “Don’t Even Think About Using My Music You Fascists”
#News #DonaldTrump #ElectionLine #JackWhite
