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    ‘Shark Tank’ Host Vows To ‘Never Invest’ In ‘Loser State’ New York Following Trump Ruling

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    Gage Skidmore Flickr

    Kevin O’Leary, co-host of the TV show “Shark Tank” and a successful investor in his own right, stated in a Monday interview with Fox News host Neil Cavuto that he will never invest in New York after a judge ordered Donald Trump to pay over $350 million in penalties in a civil fraud case.

    “I’m not different than any other investor. I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it,” O’Leary told Cavuto.

    From Mediaite:

    In his New York fraud case, Trump was ordered by Judge Arthur Engoron to pay more than $350 million, and the former president was also barred from doing business in New York for three years. Trump was accused of fraud through past valuations of his properties that were inflated and used to get more beneficial agreements in a civil lawsuit filed by New York Attorney General Letitia James.

    O’Leary called Trump’s actions a victimless crime and said other companies are now going to be even more fearful to conduct business in New York, which the Canadian-born O’Leary called a “loser state.”

    “It doesn’t matter what the governor says, New York was already a loser state. Like California‘s a loser state. There are many loser states because of policy, high taxes, uncompetitive regulation, it was already on the top of the list of being a loser state. I would never invest in New York now, and I’m not the only person saying that,” he said.

    O’Leary, long a vocal critic of New York’s policies for business, described running into massive amounts of red tape while trying to set up a “high end data center” in New York and he’s now abandoning the state for “winner states,” like the Oklahoma, North Dakota, and West Virginia.

    “The fine people of New York should ask themselves, why are we such a loser state? How are we going attract business?” O’Leary continued. “It’s not just the existing businesses that are fleeing out to Texas and Florida. What about new money like what I’m talking about?”

    “This is a New York problem now,” the businessman, investor and philanthropist concluded.

    This article originally appeared on American Liberty News. Republished with permission.

    Big Tech Leaders Boost Trump To The Tune Of $12 Million At San Francisco Fundraiser

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    Former President of the United States Donald Trump speaking with attendees at the 2022 Student Action Summit at the Tampa Convention Center in Tampa, Florida. [Photo Credit: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons]

    On a bustling Thursday night in San Francisco, former President Donald Trump marked another impressive milestone in his 2024 presidential campaign. The presumptive Republican nominee and front-runner, according to the polls, celebrated a monumental $12 million fundraising haul. The fundraising event, hosted by prominent Silicon Valley figures, David Sacks and Chamath Palihapitiya, highlighted the undeniable shift in the tech industry, an arena traditionally dominated by liberal ideologies.

    “These are brilliant guys – AI guys – these are the guys that are doing all the things you read about,” Trump gushed to Fox News Digital. These are just a brilliant group of people. And they can’t relate to Biden because he is a stupid person – and I have a high IQ.”

    Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

    “They don’t like dealing with an IQ that’s like, you know, 1/3 of theirs, because it is a difficult thing when someone has an IQ of 180, it is difficult to deal with a man with an IQ of 70 – or maybe lower,” Trump added, attempting to goad the current president.

    Sacks endorsed Trump hours before the high-dollar fundraiser at his multimillion-dollar home, located near the residence of Nancy and Paul Pelosi, symbolizing the growing willingness of certain tech industry leaders to publicly support Trump, a stance that previously rendered individuals persona non grata in Silicon Valley. (RELATED: San Francisco Sued Over Gender Scheme Targeting Minority Men)

    Known for his business acumen and successful investments, including his status as an angel investor for Facebook, Uber, SpaceX, and Airbnb, Sachs’ support signals a broader acceptance of Trump’s candidacy within a traditionally GOP skeptical community.

    Trump told Fox News Digital that Sacks’ “strong” endorsement “is a great testament to what I’ve accomplished.”

    “David Sacks — the king of that world — David Sacks and the group that we were with are the most respected people in San Francisco from both a business and high tech standpoint,” Trump told Fox News Digital. “They love our country and they understand what’s happening into the future with technology better than any group, anywhere in the world.” 

    “One of the primary reasons for the endorsement was the four years that we had in office, which was the best four years ever for high tech, which will play an increasingly important role in the future of our country, especially as it relates to AI and all of the other new and brilliant technologies coming right at this moment,” Trump said. “It is a very exciting time and it is a great honor to have the most brilliant minds supporting, by far, the most brilliant leader.”

    “My reasons rest on four main issues that I think are vital to American prosperity, security and stability — issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” Sacks said Thursday. 

    Other guests at Sacks’ Pacific Heights fundraiser included the Winklevoss twins, who successfully sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea, which later became Facebook.

    JD Lasica from Pleasanton, CA, US, CC BY 2.0 , via Wikimedia Commons

    “He wasn’t the guy I see on TV,” one source told the New York Post. “He was very thoughtful and self-deprecating.” More than 100 guest attended the San Francisco soirée, paying as much as $300,000 a head.

    Historically, Silicon Valley has been a bastion of liberal politics, with many tech leaders supporting Democratic candidates and policies. This alignment was driven by shared values around social issues and environmental sustainability. (RELATED: Google Shuts Down Its AI Chatbot ‘Gemini’ For Being Woke And Racist)

    However, the dynamics may be changing. The industry’s rapid growth has brought increased scrutiny and regulatory pressures from Democratic lawmakers. Concerns over antitrust actions, data privacy regulations and labor practices have strained relationships between tech giants and the Democratic Party.

    In contrast, Trump’s deregulatory stance, pro-business policies and tax reforms align with the interests of a growing number of Silicon Valley insiders.

    READ NEXT: TV Icon Bids Farewell In Heartfelt Video – Watch!

    Article Published With The Permission of American Liberty News.

    Report: Trump Set To Become One Of World’s Most Wealthy People

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    Madeleine Jackson
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    Former President Donald Trump will become one of the 500 richest people in the world after his media company begins public trading on Tuesday, according to a report by Bloomberg News.

    The Daily Caller has more:

    Trump, the presumptive Republican presidential nominee, established the Trump Media & Technology Group (TMTG) in February of 2021 to develop an alternative social media website, following his removal from Twitter after the events of Jan. 6, 2021, with the new website “Truth Social” being unveiled in 2022. On Monday, TMTG completed a merging process with DWAC, a special-purpose acquisition corporation, that would allow the company to be publicly traded on the National Association of Securities Dealers Automated Quotations stock exchange, also known as the “Nasdaq” exchange, with Trump’s 58% stake in the company being valued at $3.9 billion, according to Bloomberg News. 

    The share price of DWAC increased by 35.22% to close at $49.95 on Monday when the closing of the deal was announced, with the new company retaining the TMTG name and changing its stock ticker to Trump’s initials, “DJT.” The process will increase Trump’s net worth to $6.4 billion, according to Bloomberg.

    Trump’s net worth, which until recently has primarily comprised real property of The Trump Organization, has been subject to varying estimates. The Australian Financial Review estimated his net worth to be $9.8 billion following the TMTG acquisition process, while Forbes maintains his net worth at $2.6 billion as of Monday — making him the 1,265th richest person in the world — with its highest-ever estimate for his net worth being $4.5 billion in 2016.

    Truth Social has reported many losses since its creation, with Trump being the primary user of the platform with the largest number of followers. He often announces major legal and campaign decisions on the platform, similar to his use of Twitter during his presidency.

    Trump will not be able to sell his stake in TMTG for at least six months following the commencement of trading

    Billionaire Makes Massive Political Contribution To Trump

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    admin
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    Image via Pixabay free images

    One of the largest single disclosed gifts ever…

    A reclusive billionaire from a storied American family with a legacy dating back to the Gilded Age has made one of the largest political contributions in the history of American politics.

    Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

    At the end of April, the organization had only $34.5 million.

    In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

    The New York Times continues:

    Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

    Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

    Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”

    It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.

    But Mr. Mellon’s $50 million gift will significantly help pro-Trump forces narrow the financial advantage that President Biden and his allies have enjoyed so far. Miriam Adelson, the casino billionaire and widow of Sheldon G. Adelson, who died in 2021, has also made plans to fund a pro-Trump super PAC with at least as much money as the $90 million that her family gave in the 2020 campaign, although much of the cash has yet to arrive.

    Mellon’s contributions follow Donald Trump‘s conviction in a hush money trial.

    Critics argue that the case is politically motivated and based on an overly broad interpretation of campaign finance laws. They add that such payments are common among public figures seeking to avoid public scrutiny.

    The Mellon family‘s wealth started when an Irish immigrant named Thomas Mellon founded T. Mellon & Sons’ Bank in Pittsburgh in 1869. His sons, Andrew W. Mellon and Richard B. Mellon, later grew the bank into a strong financial institution. This bank eventually became Mellon Financial Corporation, one of the largest banking institutions in the United States.

    During the late 19th and early 20th centuries, Andrew Mellon played a crucial role in financing and supporting key industries such as aluminum, oil, and steel, contributing to the growth of major corporations, such as Gulf Oil, and Union Steel. As secretary of the Treasury from 1921 to 1932, his influence shaped the economic policies of the 1920s, known as the Mellon Plan, which contributed to the economic boom of the decade.

    National Photo Company Collection, Public domain, via Wikimedia Commons

    In 2007, Mellon Financial Corporation merged with The Bank of New York to form BNY Mellon, one of the world’s largest asset management and securities services companies, preserving their 150-year legacy in banking and finance.

    Article Published With The Permission of American Liberty News

    Elon Musk Vows To Keep His PAC ‘Grinding’ And To Help Future Republican Primaries

    By
    Madeleine Jackson
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    Billionaire Elon Musk has no plan to back away from politics anytime soon.

    SpaceX owner Elon Musk vowed to keep up his political activities in a social media post on Tuesday, saying he would take an active role in the GOP primaries ahead of the 2026 midterms.

    “Normally, PACs go somewhat dormant after a big election,” Musk wrote on X, adding:

    @America PAC is going to do the opposite and keep grinding, increasing Republican registrations in key districts around the country, in preparation for special elections and the midterms.

    “And, of course, play a significant role in primaries,” Musk added.

    Musk’s PAC reportedly spent some $200 million to help get Trump reelected in recent months. Musk himself, the world’s richest man, donated some $120 million to aid in Trump’s reelection bid – making him Trump’s second biggest backer after billionaire Timothy Mellon.

    Musk’s pledge to stay active in GOP politics is the first sign his interest in the party extends far beyond Trump as activism.

    Trump Scores Support From Another Billionaire

    By
    Madeleine Jackson
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    Donald Trump via Gage Skidmore Flickr

    Trump is scoring big…

    Ark Invest CEO Cathie Wood said she would vote for former President Trump over President Biden in the November presidential election.

    Wood took part in an interview with ‘Meet Kevin’ financial analyst and YouTuber Kevin Paffrath, during which she was asked the popular question, “Trump or Biden?”

    Wood told the host she has three children with whom she has discussed the upcoming election and its consequences.

    “As I’ve said to them, ‘Look, I am going to vote for the person who’s going to do the best job for our economy,’” Wood told Paffrath. “I am a voter when it comes to economics, and on that basis, Trump.”

    She further explained that Laffer Associates founder and chairman Art Laffer “describes the first three years of the Trump presidency as the best in U.S. economic history, not the last one because of COVID, and I would agree.”

    Watch:

    The informal endorsement comes on the heels of several billionaires sending money and support toward Trump’s presidential campaign. (RELATED: Billionaire Makes Massive Political Contribution To Trump)

    Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

    In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

    The New York Times continues:

    Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

    Billionaire Stephen Schwarzman, the CEO and co-founder of Blackstone, announced last month he will back Trump in the 2024 race after he previously called for the Republican Party to turn to a “new generation of leaders.”

    Trump Returns To Twitter – Now X

    By
    Madeleine Jackson
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    Photo via Pixabay images

    Former President Donald Trump’s official X account is back…for now.

    The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”

    Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”

    Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.

    “Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.

    Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.

    Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.

    Trump Launches New Streaming Platform

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    Madeleine Jackson
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    Donald Trump via Gage Skidmore Flickr

    Presumptive Republican presidential nominee Donald Trump’s media company announced the launch of a new video streaming platform this week.

    The Daily Caller reported that Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, went public after shareholders approved a merger with Digital World of Acquisition Corporation (DWAC) in March. Trump’s media company detailed its plans to roll out its “new live TV streaming platform” in an email announcement.

    “Trump Media & Technology Group Corp. (NASDAQ:DJT) (‘TMTG’ or the ‘Company’), operator of the social media platform Truth Social, announced today that after six months of testing on its Web and iOS platforms, the Company has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network (‘CDN’),” the announcement reads.

    The Daily Caller has more:

    Trump’s streaming platform will be introduced in three phases, the announcement states. First, it will appear on the Truth Social app. Next, the streaming app will become available separately for download on phones, tablets and additional devices. Phase three of its rollout will encompass Trump’s streaming platform becoming available for download as an app on TVs.

    Trump’s streaming service will host content “that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services,” the announcement reads. Genres of content include “news networks, religious channels, [and] family-friendly content including films and documentaries.”

    MyPillow Evicted From Warehouse

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    Madeleine Jackson
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    Mike Lindell via Gage Skidmore Flickr

    A Minnesota court has ordered MyPillow to be evicted from the warehouse it formerly used.

    The Hill has more:

    The Minneapolis warehouse is approximately 125,000 square feet and has been leased to Lindell since December 2015. The lease agreement between Lindell and the landlord, First Industrial LP, has been amended twice. It lasts 10 years, seven months and 20 days, and the monthly rent was $57,794.12, according to the eviction complaint.

    According to the complaint, dated March 7, Lindell did not make rent payments for February and March 2024. Since it is not the first time MyPillow failed to pay its rent on more than two occasions in the previous 12-month period, per the lease agreement, the landlord is entitled to retake possession of the premises.

    As of Wednesday, Lindell did not answer the eviction complaint or appear at the scheduled hearing, forcing the judge to order the eviction. He confirmed to the AP that MyPillow owes around $217,000 to the Delaware-based company for the rent.

    Lindell said the company no longer needed the space and removed its property from the warehouse last June before subleasing it to another company through December. The company backed out in January and “left us all stranded.” MyPillow offered to find another tenant, but the landlord wanted to take the warehouse back, he told the newswire.

    MyPillow CEO Mike Lindell faces multiple defamation lawsuits from two voting machine companies, after he spread lies that the 2020 presidential election was fraudulent and stolen from former President Trump. In February, a federal judge ruled he must pay $5 million in an election data dispute case.

    Amanda Head: Debt Deal Is A Disaster!

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    Amanda Head
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    Capitol Hill is in a frenzy over the latest debt deal reached between lawmakers.

    Watch Amanda explain the situation below:

    Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

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