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Trump’s Net Worth Takes Roller Coaster Ride

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ANALYSIS – Trump lovers and haters are having quite the ride as Trump’s net worth seems to be on a rollercoaster.

The Wall Street debut of Trump Media & Technology Group (TMTG) – whose flagship product is the social media platform “Truth Social” – boosted Donald Trump’s stock on paper, but the value of his shares has since plummeted. (RELATED: Truth Social Co-Founders Sue Donald Trump)

Will Trump’s 2024 presidential campaign help boost his worth again?

As I recently wrote about, Trump’s net worth soared to at least $6.4 billion – up nearly $4 billion – last week after investors approved his social media company’s merger with Digital World. Tuesday, March 27, was its first day as an independently traded public company.

This briefly made the former president one of the 450 richest people in the world.

Even though Trump Media, which trades under the ticker DJT (Trump’s initials) is losing money and generating scant revenue, Wall Street had valued the company at as much as $11 billion based on the stock’s closing price Friday, according to Renaissance Capital.

By Monday afternoon that valuation tumbled to about $8.8 billion.

It closed at $48.66 per share, a 26.5% drop from its $66.22. The plunge came after Trump Media unveiled its 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million.

Trump’s company has said it expects to continue losing money for a while, and at least one expert says it’s likely worth far less than the stock market suggests.

Trump, who owns 78.5 million shares in Trump Media, about 57% of all shares, saw his stake in the social media business fall in value by $1.4 billion. At Monday afternoon’s prices, that stake is now worth approximately about $3.8 billion. (RELATED: Wall Street Journal Rips Into Biden for Now-Infamous Tweet)

Trump’s nearly 79 million shares of Trump Media & Technology Group are now – by far – his largest asset, worth nearly twice as much as all his real estate, resort and cash holdings combined.

Meanwhile, CNN reported: “The problem for Trump Media is its main product — Truth Social — is shrinking.” It added “Monthly active US users on iOS and Android plunged in February to 494,000, down 51% year-over-year.”

“By comparison,” CNN noted, “X has 75 million monthly active US users. Even Threads has more than 10 times as many users as Truth Social.”

CNN continued:

While Trump Media made just $4.1 million in revenue in 2023, rival X (formerly known as Twitter) raked in more than 100 times that much — $665 million — in 2013, ahead of its initial public offering in November 2013. Twitter also generated just over $5 billion in revenue in the final year before it was taken private by Elon Musk.

In fact, Truth Social’s financials are comparable to that of The Messenger, the upstart digital news outlet that imploded earlier this year. Citing an investor deck, CNBC reported in January that The Messenger posted 2023 revenue of $3.8 million and a net loss of $43 million.

But this year may decide the future of Trump’s net worth, at least related to his media company. Matthew Kennedy, senior IPO strategist at Renaissance Capital said, according to CNN:

2024 is the make-or-break year for this company. For TMTG the thing that matters now is getting in front of the cash cannon that is the 2024 presidential election. And the company does have one notable advantage. Trump-backed super PACs have raised millions. Where do you think they’ll spend their digital ad buckets?

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

Congress Reveals Stunning New Information on January 6 Attacker

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Members of the U.S. House Judiciary Committee investigating the federal government’s response to the January 6, 2021 incidents at the U.S. Capitol now reveal that a pair of pipe bombs planted at the Capitol Hill offices of the Republican and Democrat parties may have been a diversion to distract law enforcement from other events.

They also reveal that while the bombs contained live explosives, it does not appear the timers were operable, and the FBI may not even have interviewed the witnesses who discovered them.

In response, Chairmen Thomas Massie (R-KY), Andy Biggs (R-AZ), Jim Jordan (R-OH), and Barry Loudermilk (R-GA) sent a letter to FBI Director Christopher Wray “revealing new information surrounding the FBI’s investigation into pipe bombs placed near the Democratic National Committee (DNC) and Republican National Committee (RNC) on January 5, 2021,” the Judiciary Committee reports.

“On June 7, 2023, the Committee on the Judiciary conducted a transcribed interview of Steven D’Antuono, the former Assistant Director in Charge of the FBI Washington Field Office (WFO),” the Committee announced.

“In that role, Mr. D’Antuono oversaw the WFO’s investigations into the events at the Capitol on January 6, 2021, including the placement of pipe bombs near the headquarters of the DNC and RNC on January 5, 2021. Mr. D’Antuono’s testimony provided new information about the FBI’s investigation into the pipe bombs and reinforces our concerns about the FBI’s handling of this matter,” the Committee revealed.

In his transcribed interview, Steven D’Antuono “suggested that the FBI could not even determine whether the placement of the pipe bombs was a ‘diversionary’ tactic for the events of January 6,” the Committee also revealed.

D’Antuono testified:

MASSIE: Are you familiar with the diversion thesis, that these were set up to be a diversion?

D’ANTUONO: Yeah, I’ve heard people say that, but if you watch – I’ve done a lot of media reports. I was trying to get the information out there, tips and stuff like that, right. I will not speculate. I’m not going to speculate on that. I think that’s speculation, at best, when people say that it’s a diversionary tactic. We’ll never know until we find the person that actually did – or persons that actually did it. So I can’t speculate on that. Could it have been? Yes, that’s one theory. Obviously, it’s one theory. But is it the only theory? I don’t – I really don’t know.

MASSIE: It looks like the head Capitol Police [sic] believes it was a diversion.

D’ANTUONO: So Steve Sund, chief of police, yes. I believe he wrote that in his book. Again, it’s pure speculation. There’s no intelligence – look, I ran the investigation for 2 years until I stepped out. We don’t know. We don’t even know the gender at this point as to – we could speculate, and there’s a lot of people that are speculating as to the gender.

MASSIE: How confident are you that the individual depicted in the surveillance footage on January 5th set both of those pipe bombs in place?

D’ANTUONO: So the video that we saw, I feel confident that by the video that we have, that that person planted those. 

D’Antuono also testified on the “viability of the pipe bombs, which, according to reporting, were deemed to be ‘inoperable,’” the Committee reports.

“D’Antuono referenced a report from the FBI laboratory in Quantico, Virginia, that the pipe bombs were viable, and ‘they could explode, and they could cause harm or death,’” the Committee notes, adding. “D’Antuono also acknowledged that the timer used on the pipe bomb could not have detonated the pipe bomb given the time already elapsed between placement and discovery.”

He testified:

MASSIE: Well, let me ask you this: Do you think it was technically possible for a kitchen timer . . . that has [a] 1-hour duration . . . to detonate a bomb 17 hours later?

D’ANTUONO: No, I don’t. And I saw the same kitchen timer as you. I agree. I don’t know when they were supposed to go off. Maybe they weren’t supposed to go off. We can’t—we don’t know. We honestly don’t know, and that’s some of the pain . . . .

D’Antuono’s testimony “provided additional details about the FBI’s use of geofencing technology to identify the pipe bomb suspect,” the Committee revealed.

He testified:

D’ANTUONO: So the – there’s a lot of phone data that came in. Yes, I’ve seen the same video. I’ve watched the same video. We put out the same video. It looks like a phone. Was it a real phone, a not a real phone, was it a ruse? Was it a – you know, I picked up my phone several times at meetings going, oh, yeah, I got to take this call, and walk out, right. The phone’s not on, right. So was the person just sitting there trying to pretend like they’re on a bench taking a phone call? We don’t know until we find the person, right, and ask them those questions.

We did a complete geofence. We have complete data. Not complete, because there’s some data that was corrupted by one of the providers, not purposely by them, right. It just – unusual circumstance that we have corrupt data from one of the providers. I’m not sure – I can’t remember right now which one. But for that day, which is awful because we don’t have that information to search. So could it have been that provider? Yeah, with our luck, you know, with this investigation it probably was, right. So maybe if we did have that – that data wasn’t corrupted – and it wasn’t purposely corrupted. I don’t want any conspiracy theories, right. To my knowledge, it wasn’t corrupted, you know, but that could have been good information that we don’t have, right. So that is painful for us to not to have that. So we looked at everything.

D’Antuono also testified that he did not definitively know if the FBI had interviewed the individual who discovered the pipe bomb at the DNC.

He testified:

MASSIE: So just to . . . put a fine point on it, you do not know whether they interviewed the person that discovered . . . the [bomb] at the DNC?

D’ANTUONO: I don’t know.

The Committee notes “D’Antuono conceded that it would be ‘investigation 101’ to interview the individuals who discovered the bombs, yet he was unable to confirm whether the FBI had taken this basic investigative step.”

He explained:

MASSIE: So – but the person who found – you either haven’t identified the person who found the second pipe bomb, or did you?

D’ANTUONO: I – honestly, sir, I don’t know the granularity of everything my agents and analysts did in that matter. It’s just – it’s a whole host of stuff that’s going on. As the [Assistant Director in Charge], as like any senior leader, I’m getting briefed on things, and that part never came up, so –

“D’Antuono’s testimony raises concerns about the FBI’s handling of the pipe bomb investigation, more than 890 days following the placement of the pipe bombs. To date, the FBI has failed to respond to the Committee’s requests for a briefing regarding the investigation,” the Committee concludes.

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

Amanda Head: Joe Biden Announces Re-election

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Joe Biden has officially announced his campaign for a second term in the White House.

Things are about to get interesting.

Watch Amanda explain the situation below:

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

Amanda Head: WHAT on Earth?! NHL Goes Woke!

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Even more sports teams seem to be regressing into the painfully woke ideology, and this time the National Hockey League is on the hook.

Watch Amanda break down the situation below:

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

Alec Baldwin Charged with Involuntary Manslaughter over ‘Rust’ Movie Set Shooting

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ANALYSIS – From the day cinematographer Halyna Hutchins was shot and killed on the set of the movie Rust, on Oct. 21, 2021, there has been a flurry of speculation over whether anyone would be criminally charged.

Hutchins was killed when a live round was fired from a real ‘prop’ gun being held by liberal actor Alec Baldwin.

Well, now the speculation is over, and Baldwin will be charged.

He has always denied responsibility, saying the replica old west revolver should have had dummy bullets and that he never pulled the trigger.

On the first point, Baldwin is correct; on the second, he is less convincing.

The set armorer is responsible for ensuring gun safety. And there was no reason for live rounds to be on a movie set. Period.

Much less mixed in with dummy rounds.

The armorer certainly is responsible if not culpable. And a big question is why live rounds were on the set and mixed in with dummy rounds and who put them there.

But experts have shown that Baldwin’s claim of not firing the gun doesn’t wash.

It is physically impossible for this type of gun to fire without the trigger being pulled and/or the hammer dropped.

Beyond his immediate possible culpability as the man who ‘fired’ the gun, Baldwin was also a producer of the low-budget Western film.

After the shooting numerous current and former crew members from the film publicly claimed that safety was extremely lax, and formal complaints had been made and ignored about those safety concerns.

The shooting occurred while rehearsing a scene inside a wooden chapel on Bonanza Creek Ranch in New Mexico.

This is a popular western location seen in the likes of Jimmy Stewart’s 1955 “The Man from Laramie” and Paul Newman and Robert Redford’s 1969 “Butch Cassidy and the Sundance Kid.”

As the crew worked out positions for the scene, Baldwin, playing a grizzled 1880s Kansas outlaw, fired a live round from an Italian-made Pietta Long Colt revolver replica – the bullet passed through Hutchins’ chest and lodged in director Joel Souza’s shoulder.

Hutchins died in a flight to the hospital in Albuquerque, while Souza was later discharged from the hospital.

In April 2022, the producers, including Baldwin, were fined $136,793 by the New Mexico Occupational Health and Safety Bureau, which said: “management knew that firearm safety procedures were not being followed on set and demonstrated plain indifference to employee safety.”

A wrongful death lawsuit was then filed against Alec Baldwin and other key members of the production in Feb. 2022.

The lawsuit named Baldwin and others who “are responsible for the safety on the set” and called out “reckless behavior and cost-cutting” that led to the death of Hutchins, according to the family’s lawyer.

The lawsuit also claimed that Baldwin and other “Rust” crew and cast committed “major breaches” of safety on the set.

That lawsuit was later settled.

But Baldwin’s legal woes continue as he is now being hit with two counts of involuntary manslaughter over the shooting.

Hannah Gutierrez Reed, the film’s young and inexperienced armorer, will also be charged with two counts of involuntary manslaughter.

Meanwhile, assistant director Dave Halls who handed the gun to Baldwin prior to the shooting signed a plea agreement for a charge of the negligent use of a deadly weapon.

In return, he received a suspended sentence and six months of probation, according to the district attorney.

If Baldwin is convicted, he could be facing up to 18 months in prison.

“Involuntary manslaughter in New Mexico is a Class D felony punishable by up to 18 months in prison,” former Assistant U.S. Attorney Neama Rahmani explained to Fox News Digital. “If Baldwin is convicted, I can see him being sentenced at or near the max.”

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

Biden Pentagon ‘Diversity’ Push is Part of Radical Leftist Agenda, Harms US Warfighting

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Secretary of Defense Lloyd J. Austin III speaks during the 2023 U.S.-Japan Security Consultative Committee meeting co-hosted with Secretary of State Antony J. Blinken hosting Japanese Foreign Minister Hayashi Yoshimasa and Japanese Defense Minister Hamada Yasukazu, at the Department of State. Washington, D.C., Jan 11, 2023. (DoD photo by U.S. Air Force Tech. Sgt. Jack Sanders)

ANALYSIS – The ‘Woke Wars’ at the Pentagon will be heating up now that Republicans have taken over the House of Representatives, but few know how bad the problem is.

And what exactly do we mean by ‘woke.’

Well, to me, woke is a catchall term invented by the left to describe a full spectrum of leftist and socialist agendas. Among them are diversity, equity and inclusion (DEI), better described as DIE.

DIE includes Critical Race Theory (CRT), anti-white racism, extreme feminism as well as the radical transgender agenda. 

All flow from the Frankfurt School of modern socialism and intend to radically transform our institutions and society along socialist lines.

Not only are these policies wrong, but in many cases, they are illegal and unconstitutional; they simply codify reverse discrimination and racism in violation of the equal protection clause of the 14th Amendment.

Many of these concepts have thoroughly infected our colleges and universities and are being pushed down to even our high schools and grammar schools.

Some of this goes back to the 1980s, but most recently they have been pushed hard at the Pentagon by hardcore leftists with Team Clinton, Team Obama and now the same radicals with Team Biden.

This aggressive push for ‘diversity’ and the obsession with race totally undermines our military culture, where our troops are supposed to think less about our differences, not more.

As Michael Washburn of The Epoch Times writes:

The U.S. military’s increased push for diversity and inclusion, as reflected in the far-reaching National Defense Authorization Act (NDAA) signed by President Joe Biden on Dec. 23, 2022, aims to remake the military’s culture and ethos along the same lines as left-wing policies that have been put to use at elite colleges and other areas of the private sphere, defense experts say.

While efforts to diversify the armed forces along racial and gender lines at the expense of traditional standards, aren’t new, the NDAA signals dramatically increased civilian input on and oversight of a culture once deemed to be the domain of professional soldiers, the experts told The Epoch Times.

Provisions of the NDAA that aim to boost diversity are so similar to policies enforced by private institutions, such as Harvard University, that an organization opposing the “woke” agenda in the armed forces, and supporting traditional standards and requirements [Veterans for Fairness and Merit- VFM], has gone so far as to lend its expertise in a lawsuit over Harvard’s admissions policies, in the form of an amicus curiae (“friend of the court”) filing (pdf), obtained by The Epoch Times. The filing argues that diversity and inclusion policies have harmed the military and aren’t a good idea in either the public or private spheres.

Part of Biden’s NDAA pushes illegal racial preferences in training and recruitment.

Scott McQuarrie, president of Veterans for Fairness and Merit (VFM), explains how bad this is: “[advocates of diversity] make this assertion that it’s a national security imperative that the military be allowed to use racial preferences in order to meet that high bar. Most people being candid with you would say that’s a very far-fetched argument.”

“In fact, our military has operated over the last few generations effectively without having to suspend the Constitution. In Bosnia, Panama, the Gulf War, Afghanistan, and Iraq, the military did quite well, and we don’t need to violate the Constitution for the military to execute its mission,” he added.

The Pentagon’s aggressive push for diversity and inclusion, as reflected in Biden’s far-reaching NDAA signed on Dec. 23, aims to radically transform the military’s culture and ethos along the same lines as left-wing policies that are ruining many colleges, corporations and civilian institutions.

They can’t be allowed to destroy our military, as they are destroying everything else. The GOP House needs to focus like a laser beam on these issues at the Defense Department, and private groups like VFM need to continue and ramp up their legal battle against DIE.

This is a war for the soul of our armed forces and our Republic.

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

Amanda Head: Pride Summer? Please No!

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Is the month of June not enough? Now, the LGBTQ+ group wants the entire summer.

Will you put your foot down?

Watch Amanda explain the controversy below:

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

Amanda Head: Leftist Censorship is Now Targeting Talk Radio!

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Image from Pixabay free images

Nothing is off limits to the radical left…

Electric vehicle producers are contemplating removing AM radio from future models citing safety concerns…but there’s more to it.

Watch Amanda explain the controversy below:

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

Amanda Head: Why Are Americans Always the Last to Know?

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President Joe Biden’s disturbing mishandling of classified materials is only the tip of the iceberg when it comes to the latest scandal to face the administration.

Let Amanda explain the latest controversy below:

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

Amanda Head: Celebrity Comedian Says Biden Admin Is One Big Diversity Hire!

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President Joe Biden has surrounded himself around a laughing stock of “diversity hires” according to this comedian…

Watch Amanda break down the situation below: