Amanda Head: Celebrity Comedian Says Biden Admin Is One Big Diversity Hire!
President Joe Biden has surrounded himself around a laughing stock of “diversity hires” according to this comedian…
Watch Amanda break down the situation below:
Fighting Back Against Trans ‘Drag Story Time’ Imposed on Our Kids in Public Libraries
ANALYSIS – Conservatives are finally fighting back against the trans agenda being imposed on our children at public libraries and bookstores via ‘Drag Queen Story Times.’
This bizarre and offensive program sends outrageously outfitted cross-dressing men into public libraries to read stories to small impressionable children.
The goal? To indoctrinate, if not groom, these children into accepting and exploring the trans lifestyle.
The secondary effect, exposing children to sexual themes, including mock stripping, they have no right to be exposing them to.
In some cases, these grown men dressed as women have been caught fondling children or acting inappropriately.
And yet, our taxpayer-funded public libraries across the country allow these bizarre events.
And too many ignorant, brainwashed, horrible parents allow their children to attend.
They are also increasingly occurring at other venues as well. But the goals are always the same.
Thankfully, conservatives are finally fighting back.
One way has been by loudly and publicly calling out examples of sexual abuse, and inappropriate touching or sexual behavior by these drag queens, and by protesting their presence in front of small children.
In early December one Trans-friendly venue, The Starlighter, in Texas was forced to cancel a slew of drag queen story hours after a public outcry over the outrageous antics of some of these cross-dressing men.
Most of it was due to video and images taken at an event and widely shared by conservative critics.
The Christian Post reported that this event featured a showing of the 1960s TV classic “Rudolph the Red-Nosed Reindeer” while a rainbow flag with the number “666” hung on the walls.
What was worse, a video taken at this event showed a young girl no older than 7, who appeared unattended, with these men in drag dancing suggestively and singing lyrics such as, “Under the mistletoe/ Yes, everybody knows/ We will take off our clothes.”
One of the cross-dressing men was also recorded touching and stroking the young girl’s hair. The little girl is also seen handing money to one of the drag performers, as if at a strip club.
Another video clip, reports the Christian Post, “showed the young child visibly shrink back as a drag queen in all black leather, devil horns and face makeup as the man in drag sings, ‘Get your tickets to the freak show, baby / Step right up to watch the freak go crazy.’”
Another way conservatives are fighting back is protesting loudly and aggressively like the Left does, constantly, and at the drop of a hat.
But doing so peacefully.
In one case in early December reported NBC News:
The hosts of a “Drag Queen Story Hour”-style event for children in Columbus, Ohio, on Saturday pulled the plug because of what they described as the intimidating presence of right-wing demonstrators.
The scheduled holiday themed “Holi-Drag Storytime” at the First Unitarian Church of Columbus, which runs the K-5 institution behind the event, Red Oak Community School, was canceled at the last-minute Saturday morning following internal discussions, organizers said.
Members of Ohio’s Proud Boys organization and other right-wing groups made good on promises to make waves outside the venue Saturday. More than 50 demonstrators, including members of the Proud Boys, gathered near the church Saturday morning and shouted, chanted and held up signs. Some were armed with long guns.
This appears to be a very effective technique, learned from the Left. Speak loudly, and carry a big stick.
But then there is another way to counter this insidiously harmful movement’s efforts targeting our children.
That way is to promote a wholesome, Christian, family-focused counter-narrative and events at these same venues. And threaten legal action if they discriminate against you, or refuse to allow it.
As Newsmax reported, actor and author Kirk Cameron said recently: “Conservatives need to stop being on defense against the culture and start going on offense to take it back.
He added:
Just complaining about the culture doesn’t change the culture. We’ve got to get off the defense, to get on the offense. And I think for decades, we as concerned citizens, as people who understand the importance of faith and morality, have been asleep. And when we’re asleep, we’re unaware and we’re unengaged.
Cameron added that now that we’ve woken up, if we remain unengaged, “that’s on us.”
Newsmax continued:
Cameron then called on every parent and grandparent to take their favorite children’s book that has wholesome values, good and godly morals, and call their library if it has hosted a Drag Story Hour and ask if they can read their book during story hour.
“If they say ‘no,'” Cameron said, “they’re likely breaking the law; and you can contact us at Bravebooks.com. We’ll show you how to host your own story hour, will donate to you a free book with all the instructions and guidance.
“And I personally put some of these libraries on notice with a public letter that says, ‘I hope you’ll reconsider; here’s a free book. But if you double down, I’m prepared to assert my constitutional rights in court,'” Cameron stated.
So, the peaceful fight against depravity continues. Pick your fighting style, and get engaged. GAND
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
Hunter Biden Hired Russian Prostitutes from Overseas ‘Sex Trafficking Ring’
ANALYSIS – Hunter knew how to party. The problem is a lot of his fun may have been highly illegal. And we aren’t just talking about run of the mill illegal drugs or prostitutes but hiring Russian hookers from an ‘Eastern European Sex Trafficking Ring.’
And at times he used tens of thousands of dollars in cash funneled through a China-based company to pay for them.
When ‘Hunter goes wild’ it’s on an epic, global scale. And it appears his dad, Joe Biden knew about it, and at times may have helped pay for it.
Hunter also shamelessly deducted some hooker payments on his taxes, according to IRS whistleblower Joseph Ziegler, who ran a five-year investigation into Hunter’s alleged tax crimes.
As part of the ongoing banking investigation into Hunter’s financial transactions, which appear to have been monitored by Wells Fargo bank as late as 2019, numerous Suspicious Activity Reports (SARs) were generated and sent to the Treasury Department.
While not proof of wrongdoing, SARs are red flags that provoke added scrutiny.
According to previously reported documents, including SARs, texts and video, Hunter spent a mind-blowing $30,000 on escorts in just five months, many secured via traffickers from overseas, and most transported across state lines in this country.
This would violate the Mann Act’s prohibition on interstate prostitution.
In addition to payments laundered through offshore business accounts, Hunter spent thousands of dollars from his joint personal account he had with his ex-wife Kathleen, who divorced him in 2017.
But the latest SAR being reported flagged even larger amounts potentially spent on illegal drugs and prostitutes. The Daily Mail reported that $1,162,732 was sent to Hunter’s China-based company Owasco from business partner and Biden family friend Rob Walker.
Walker was also a former Clinton administration official.
The Hunter payments appear to be part of larger sums paid from a group of 25 individuals linked to the suspected sex trafficking ring. In total this group was responsible for almost $7million in suspicious transactions.
Investigators also noted that some of the checks from Hunter’s business account may have been falsified to hide his payments to hookers.
Hunter reportedly wrote checks disguised as medical services to escorts supplied by Ekaterina Moreva in New York, whose website UberGFE.com offered a ‘girlfriend experience’ with escorts as young as 20.
The Daily Mail reported:
‘This investigation observed that Biden and related business accounts received unknown sources of funds, which funded cash withdrawals, outgoing transfers, and outgoing checks that appeared to be needlessly split into smaller amounts for no clear economic purpose.
‘The overall activity appeared related to prostitution or drugs. The review also found that several customers suspected of participating in a sex trafficking ring associated with Biden continued to have what appeared to be an unusual movement of funds in their accounts.’
The British outlet added that “Wells Fargo investigators traced payments to suspected members of the prostitution ring back to a Hong Kong company.”
The Mail continued:
One suspected member Hunter sent money to was Ekaterina Pitula, the 39-year-old Russian owner of an Irvine, California, retail store Victoria Rossi, the SAR said.
In 2019, Investigators spotted 25 cash deposits by Pitula totaling $18,728 in her personal and business accounts, which were then wired to a Chinese account of a company called HECNY International Ltd, to another woman’s account in Russia, and to a man in Ukraine.
But the bigger issue is that Joe Biden appears to have helped his son pay for some of these potentially trafficked Russian sex workers. Some of Hunter’s hooker payments came just hours after he received thousands of dollars from his dad.
The Washington Examiner showed texts from January 2019 noting that Joe Biden sent Hunter $5,000 just before he got into a dispute with a prostitute he claimed he paid $10,000.
In a letter to the Department of Justice (DoJ) on September 8 from Republican House Oversight Committee Chairman James Comer, he writes: “The Committee on Oversight and Accountability continues to investigate whether the Department of Justice (DOJ or Department) is upholding the rights of victims who were sexually exploited by Robert Hunter Biden (Hunter Biden).”
Comer added: “These women may be victims under the Crime Victims’ Rights Act and may also be afforded mandatory restitution pursuant to the Mandatory Victim Restitution Act.”
This entire sordid Hunter affair brings to memory former Democrat New York Governor Eliot Spitzer who resigned from office in 2008 after reports were published about his penchant for high priced call girls, some whom he paid to travel across state lines.
But Hunter takes everything to a whole new level.
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
Did Fauci Lie To Congress? New Investigation May Reveal The Truth.
In the wake of revelations that the former Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci may have knowingly lied to Congress in sworn testimony, U.S. Senator Rand Paul (R-Ky.) is asking the Justice Department to open a criminal investigation.
Paul has asked U.S. Attorney for Washington, D.C., Matthew Graves to open an investigation into testimony Fauci made to the United States Senate Committee on Health, Education, Labor, and Pensions (HELP) on May 11, 2021, in which Fauci denied funding research at viral laboratory in China where the COVID-19 virus reportedly originated.
“The NIH has not ever and does not now fund gain-of-function research in the Wuhan Institute of Virology,” Fauci said under oath in May.
But a month later a June 14, 2023, Government Accountability Office report concluded the Wuhan Institute of Virology did receieve NIH funding.
There are concerns the COVID-19 virus “may have been genetically engineered because gain-of-function research was taking place in Wuhan before the pandemic,” Paul reports.
Now Paul wants to determine if Fauci’s statements were illegal.
“I warned Dr. Fauci of the criminal implications of lying to Congress and offered him an opportunity to recant his previous statement,” Paul wrote in a letter to Graves. “Dr. Fauci’s testimony is inconsistent with facts that have since come to light.”
“Before Congress, Dr. Fauci denied funding gain-of-function research, to the press he claims to have a dispassionate view on the lab leak hypothesis, and in private he acknowledges gain-of-function research at the Wuhan Institute of Virology to his colleagues. His own colleagues have acknowledged Dr. Fauci’s inconsistency. A congressional hearing, however, is not the place for a public servant to play political games – especially when the health and well-being of American citizens is on the line,” Paul writes.
Under 18 U.S.C. § 1001 it is a federal crime to make “any materially false, fictitious, or fraudulent statement or representation” as part of “any investigation or review, conducted pursuant to the authority of any committee, subcommittee, commission or office of the Congress, consistent with applicable rules of the House or Senate.”
The penalty for an offense includes criminal fines and imprisonment of up to five years.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of Great America News Desk. It was first published in American Liberty News.
Trump’s Much-Needed ‘Radical’ Second Term Agenda
ANALYSIS – Former President Donald Trump is thinking bigly. In his bid to return to the Oval Office, Trump and his allies have promised a sweeping transformation of the federal government.
And while the left and their mass media puppets decry these plans as radical, they are mostly a much-needed corrective after four years of truly extreme and disastrous Biden policies.
If he returns to the White House in 2024, Trump is planning to root out political foes (dismantle the hyper political and leftist ‘deep state’), deport millions of illegal migrants who have invaded the U.S. under Joe Biden, slap tariffs on imports and scale back involvement in overseas wars.
I’m hoping that the last pledge doesn’t mean misguided global retreats, but instead ‘recalibrating’ to force NATO allies to do more in Europe, while we focus on China, for example.
And though no longer talking about a ‘wall,’ Trump says he would “fully secure” the southern border, ending mass unskilled illegal immigration through Mexico.
Trump’s allies are also working on executive orders and studying the Constitution in anticipation of legal challenges.
As CNN reported:
The goal is to have executive orders prepared – on everything from immigration to the removal of government protections for civil servants – for Trump to sign on day one of a potential second administration.
Meanwhile, ‘Project 2025’, a significant effort run by the conservative Heritage Foundation, has brought many of these groups together to “pave the way for an effective conservative administration.”
Trump’s plan includes asserting more White House control over the Department of Justice (DOJ), which he says he would use to pursue his relentlessly weaponized persecutors, plus reigning in the increasingly politicized FBI and Centers for Disease Control (CDC).
The former president has also promised to issue pardons to “a large portion” of the nonviolent rioters jailed after the January 6, 2021, assault on the Capitol. Too many of them have received obscenely long sentences for minor, nonviolent crimes.
And he isn’t giving Biden a pass. CNN noted:
“I will appoint a real special prosecutor to go after the most corrupt president in the history of the United States of America, Joe Biden, and the entire Biden crime family,” Trump also said in June after his arraignment in Florida.
“I will totally obliterate the Deep State.”
One of Trump’s more sweeping, and welcome, proposals is ‘Agenda 47’: The large-scale arrest, detention, and mass deportation of illegal immigrants. Trump also plans to end automatic citizenship for children born to illegal migrants.
Additionally, Trump vows to revive many of his effective first-term immigration policies to restrict both legal and illegal immigration – including reinstating and expanding a travel ban on predominantly-Muslim countries.
He has also vowed to designate deadly Mexican drug cartels as foreign terrorist organizations (FTOs) and to impose the death penalty at the federal level on drug dealers and human traffickers.
But there’s more. As Barrons reported:
Trump says he would also deploy the National Guard “to restore law and order” in liberal cities and would investigate “radical Marxist prosecutors” refusing to punish disorder.
Trump has weighed in on most of the so-called “culture war” issues that polarize Americans, from abortion, transgender rights and gun control to the teaching of America’s racist history.
The candidate says he would crack down on doctors providing gender-affirming care to minors and “pink haired communists” pushing critical race theory or “inappropriate” political material in schools.
Trump would also create a new tax credit, he said, to reimburse teachers for concealed carry firearms and training…
While some of these plans do hold the potential for abuse, the current system is already being abused in an unprecedented manner.
To quote the Joker played by Jack Nicholson in the 1989 Batman movie: “this town needs an enema.” And Trump may be the one providing it.
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
‘DeSantis Airways’ – Florida Governor Evacuates 300 Americans from Israel
ANALYSIS – ‘DeSantis Airways’ – Nonstop migrant flights to Martha’s Vineyard and return flights from Israel.’ In an act more befitting a president than the governor of a state, Republican Ron DeSantis ordered Florida state-funded flights to quickly rescue nearly 300 Americans, including 91 children, stranded in war-torn Israel.
At least 30 Americans are listed as murdered by Hamas so far. Another 13 remain missing. Florida officials estimate that around 20,000 U.S. citizens (AMCITS) remain in Israel unable to return home.
DeSantis chided Joe Biden for not doing enough to rescue stranded Americans.
“There was a devoid [sic] of leadership so we stepped up and led,” DeSantis said Sunday night in a video posted on X.
“Today we welcomed nearly 300 Americans who have been in Israel since last week, when the violent attacks by Hamas terrorists began,” DeSantis wrote.
The Republican presidential hopeful authorized the Florida Department of Emergency Management to carry out “logistical, rescue and evacuation operations” for Florida residents still in Israel.
Florida officials partnered with Project Dynamo, an international search and rescue non-profit, to organize the flights.
One plane carrying seven evacuees landed late night Sunday in Orlando and the other in Tampa, where DeSantis was on hand to meet with over 270 evacuees and four of their dogs. This the first of a planned series of evacuation flights.
The DeSantis executive order also enables the department to transport “necessary supplies” to Israel.
The state’s move supplements slow-going federal efforts to evacuate U.S. citizens from Israel due to the limited availability of commercial flights leaving the country.
Commercial airlines have canceled hundreds of flights out of Israel as Hamas wages war against Israeli civilians.
Only a trickle of charter flights has been going in and out regularly.
DeSantis also said this weekend that the U.S. should refuse to take refugees from Gaza, claiming during a campaign event in Iowa that, “They are all anti-Semitic” and that Palestinians should go to the “Arab states.”
While I may not agree that all the residents of Gaza are anti-Semitic, the Hamas brainwashing there is intense and systematic. And thanks to Biden, our immigration system is overwhelmed. DeSantis is right to have fellow Arab states take in those refugees.
Team Biden belatedly began arranging chartered flights on Friday for U.S. citizens trapped in Israel to head to Europe, not the U.S., but they will be required to repay Uncle Sam. And no pets allowed.
Meanwhile, the swiftness of the DeSantis effort should be applauded.
“I am proud of how quickly we have been able to activate resources and do what the federal government could not — get Floridians and other Americans back home,” DeSantis said in a statement.
National Security Council spokesman John Kirby also confirmed on Thursday that in addition to chartered flights, the federal government would explore the possibility of evacuating citizens “by land and by sea.”
American citizens in need of assistance in Israel who want to wait for Biden’s help can complete an intake form found at travel.state.gov and standby.
Some have criticized former president Donald Trump for not sending his own 757 airliner, dubbed ‘Trump Force One’ to Israel to bring back Americans. That would have been a great gesture and a major media coup.
But Trump has been dealing with blowback to his earlier comments calling Hezbollah terrorists ‘very smart’ and bashing Israeli Prime Minister Benjamin Netanyahu over a personal squabble.
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
Musk Questions Radical Leftist Soros and Asks if Davos ‘Globalist Elite’ is Trying to Rule the World
ANALYSIS – Elon Musk is challenging fellow billionaire George Soros and the entire globalist elite now meeting in Davos Switzerland. Musk, still majority owner and CEO of Twitter, made his challenge via his recently acquired social media platform.
In a tweet by Ian Miles asking, “If we got George Soros in a Twitter Space what question would you ask him?” – Musk responded with his own simple question for Soros: “Do you actually know where your money is going?”
This prompted a flurry of anti-Soros comments.
One user said he would ask: Do you realize that you are part of the hegemonic imperialism you claim to be fighting against..?”
Another said Soros would respond by saying: “To fund the demise of capitalism so no one will ever be as rich as me again”
Musk has never directly attacked Soros, but his provocative question comes less than two months after Soros disclosed that he had tripled his investment stake in Tesla over the summer.
Since then, Tesla’s shares lost almost two-thirds of their value in 2022.
We will have to wait until February’s 13F quarterly financial disclosures to know whether Soros remains a shareholder of Tesla.
But getting back to Musk’s question, Soros, who is reportedly worth about $8.5 billion according to the Bloomberg Billionaires Index, should definitely know where his money is going.
Most recently the far-left financier who is one of the Democrat Party’s biggest donors spent $128.4 million on the midterms, says the Americans for Tax Fairness.
And the Democrat Party has been effectively co-opted by the extreme, so-called ‘progressive’ left.
However, that is trifling compared to the vast sums of money and resources he uses to fund a radical leftist agenda, causes, and NGOs worldwide through his Open Society Foundations, the billionaire also funds many socialist and socially radical causes and NGOs worldwide.
In the U.S. his organizations are notorious for funding the election of leftist prosecutors who are releasing hardened criminals into our nation’s cities without bail, and supporting the extreme transgender agenda, as well as various extreme far-left ‘racial justice’ groups throughout the country.
He does all this under the highly deceptive banner of promoting democracy, human rights, and press freedom.
Rather than attack Soros too directly, Musk heaped most of his scorn on the World Economic Forum (WEF), apparently trying to shake up the gathering of those liberal political and economic elites.
The forum is traditionally held every year in January in the ski resort of Davos, Switzerland, though it was suspended for the covid-19 pandemic.
This year’s event, which opened on Jan. 16, brought together 52 heads of state and government and nearly 600 CEOs, including JPMorgan Chase’s Jamie Dimon and BlackRock’s Larry Finkis.
A few days before the forum opened, Musk said he’d been invited to join the WEF but had turned down the invite – a claim denied by the WEF.
They stated he had not been invited.
“My reason for declining the Davos invitation was not because I thought they were engaged in diabolical scheming, but because it sounded boring,” Musk explained on Dec. 31.
However, later Musk tweeted: “I guess there’s value to having a mixed government & commercial forum of some kind,” the billionaire said on Jan. 15. “WEF does kinda give me the willies though, but I’m sure everything is fine 👀.”
His mockery of the WEF only intensified after that.
He wondered in particular about the message of Klaus Schwab, the founder of the WEF, urging the participants of the 2023 edition to “master the future” in the face of the challenges currently facing the world.
“‘Master the Future’ doesn’t sound ominous at all,” the billionaire said sarcastically. “How is WEF/Davos even a thing? Are they trying to be the boss of Earth!?”
Later on Musk dialed it back quite a bit in response to comments from Chris Rufo of the conservative Manhattan Institute arguing that the Davos forum was essentially an overrated clown show and not a serious concern to Americans.
It is still good to see Musk questioning both Soros and the Davos WEF forum. I can only hope this is the beginning of even more questioning – especially of Soros and his deceptive and extremely far-left Open Society Foundation.
There is a lot to question.
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
WATCH: Truck Tries to Crash Through White House Barrier
ALERT – In what appears to be an idiotic attempt to supposedly kill Joe Biden, a 19-year-old man repeatedly rammed a U-Haul truck into the barriers around the White House at Lafayette Park on Monday night.
To be clear these barriers (or bollards) are designed to stop large vehicles and are a substantial distance from the White House perimeter fence.
There was no mention of explosives or other dangerous materials aboard the truck. Had there been this would be an entirely different story.
Still, the incident prompted the evacuation at The Hay-Adams Hotel on the 800 block of 16th Street.
The driver, Sai Varshith Kandula of Chesterfield, Missouri has reportedly been arrested and charged with multiple crimes, including threatening to kill, kidnap, or inflict harm on the president, vice president or family member.
He was also charged with assault with a dangerous weapon and reckless operation of a motor vehicle.
A man who said he was walking home from his run on the mall videotaped a driver in a U-Haul truck repeatedly ram the barricade at Lafayette Park near the White House.
“I decided it was time to get the hell out of there” he says
See the video below.
According to a United States Park Police statement, the driver “intentionally crashed into the bollards on the outside of Lafayette Park.”
Ya, that looks about right.
The Secret Service spokesman also tweeted:
Shortly before 10:00 p.m. Monday, Secret Service Uniformed Division officers detained the driver of a box truck after the vehicle collided with security barriers on the north side of Lafayette Square on 16th Street. There were no injuries to any Secret Service or White House personnel and the cause and manner of the crash remain under investigation.
Seems to me that the cause and manner of the crash are pretty obvious – the guy kept trying to ram through the barricades.
In a follow-up tweet, the spokesman said: “Charges will be filed by the United States Park Police with investigative support from the #SecretService.”
In the photo below the truck can be seen more clearly after the driver was secured and removed. The bollards can also be more clearly seen.
Meanwhile, is that a swastika flag on the pavement at the police officer’s feet?
The location of the crash is noteworthy since it lies at the south end of 16th St where it is now known as Black Lives Matter (BLM) square. Fox 5 reported:
Had the barriers been breached, two fences providing additional layers of security would have been in-between the driver and the White House. Lafayette Square has long been one of the nation’s most prominent venues for demonstration near the Executive Mansion. The park was closed for nearly a year after federal authorities fenced off the area at the height of nationwide protests over policing following the killing of George Floyd in Minneapolis, but it reopened in May 2021.
What the news outlet doesn’t say is that during those violent BLM riots at Lafayette Park in 2020 numerous officers were injured, cars and property burned, and the thin blue line of police at the park between the rioters and White House fence were almost overrun.
During the height of the rioting on May 31st, President Trump was also briefly rushed to the underground bunker by the Secret Service.
These barriers are designed to stop vehicles, not mobs of angry rioters.
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.
Trump’s Net Worth Takes Roller Coaster Ride
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.
New Poll Reveals Democrats Are Losing All Hope
A new major poll finds most Americans are growing more optimistic about the nation’s future – but Democrats are plunging new depths of despair.
The Associated Press reports the latest AP-NORC Center for Public Affairs Research finds “overall, the public has become less pessimistic about the state of politics and the system of choosing leaders. In July 2024, 66% were pessimistic about the state of politics in the country. Now 59% of the public are pessimistic. Forty percent are pessimistic about how the country’s leaders are chosen, down from 47% last July.”
“Republicans have grown slightly more optimistic about the future of the Republican Party than they were last summer. In July 2024, 47% said they were optimistic about their party. Now, three months into Donald Trump’s second term, 55% are hopeful about their party’s future,” the AP reports.
“While half of Republicans are pessimistic about the state of politics in the United States, that is down from 73% last July. And they have grown slightly more optimistic about the way our leaders are chosen under the country’s political system,” the AP adds.
But not everyone is happy, with Democrats almost in total despair.
“In contrast, Democrats have become more pessimistic about their party’s future, the state of the country’s politics, and the country’s process for choosing political leaders. Only 35% of Democrats say they are optimistic about the future of the Democratic Party, down sharply from 57% in the July 2024 poll,” the AP reports.
“About 7 in 10 Democrats are pessimistic about the state of politics in this country, up from 60% last summer. And 55% of Democrats are pessimistic about the way our leaders are chosen under our political system, up from last summer when Joe Biden was still in the White House,” the AP adds.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of Great America News Desk.