Makk

I'll believe it when I see the aid actually going to Ukraine. At this point it wouldn't surprise me if there is a problem that is picked up in the senate, sent back to the house to be amended, then never voted on again. Meanwhile the Israel aid already gets signed off.

I think the judge should grant Trump leave to attend Barons high school graduation. Trump doesn't even want to go, he didn't for any of his other children, but now he's made such a big fuss about it he would have to sit through it.

I completely realise how important, and way overdue, the aid to Ukraine is. Not just for Ukraine but to the entire global security. But I absolutely despise Mike Johnson as much, if not more, than Trump. I would not trust him and it would not surprise me at all if after being saved by the dems he pulled a 180 and altered whatever deal they had agreed on. For that reason I don't believe he is any asset going forward. It would have been better off to reach out and save McCarthy. Or strike a deal with some other republican now. How long does it take? If he was vacated does the house go back into recess? Or can someone new be nominated and voted in straight away? You could make up time by voting on the original Senate bill therefore sending it straight to Biden.

MTG will probably go ahead with her motion to vacate and the dems will have to protect Johnson. It will be a very bitter pill to swallow.

Why did Iran do this? Superficially it just seems incredibly stupid. You don't announce publicly you are going to do this weeks in advance if you actually want to inflict damage. But its a staggering amount of ordinance for them to just throw away. And you can't even say they did this to make it "look" like they were taking revenge because the whole thing just makes them look weak. It's possible it is to provoke a response. I think it is entirely likely that they will get a response and Israel will fully unleash inflicting massive damage and casualties with bombs and missiles over the next few months. This might help condemn Israel even more in the the eye of the world but is that really worth it having your country blown to pieces? Another more worrying theory is that this was all just an intelligence gathering exercise. They wanted to see how the Israeli air defense worked and test their own systems. They were given a quasi-justification and they took it. This would mean there could be the real attack coming later. Israel really needs to take the high road here but the chances of Netanyahu doing that are slim to none.

I'm not worried about Iran. I'm worried what netanyahu is doing to do now. I can easily see him going completely over the top again.

This was described as rotation, those who were originally called up can be called up again after 3 years.

Which allows Johnson to repeat his earlier line of no foreign aid until the border is fixed. This is not an example of standing up to Trump. Yes Johnson would have tanked it anyway but he would have been under much more political pressure to allow a vote on it. And if the republican senate actually did stand up to trump it may have emboldened those in the house to try to solve the problem rather than meekly resign or carry on doing nothing.

Actions? Like voting against the bi-partisan border/aid deal he himself had basically been largely responsible for crafting, rather than fighting for it, because Trump told him to? I would never rely on McConnell for anything.

There were already two and a half years of SEC investigations into Digital World (the company that merged with Truth Social) before the merger was allowed. There were a bunch of issues exposed (not disclosing fund was formed with single target acquisition in mind, undisclosed Chinese investors) which led to the ceo and major shareholder having to resign and some fines but the merger, and then public float, was allowed to go ahead. The biggest single investor in digital world was a banker named Patrick Orlando (the guy who had to resign) with $420 million, but otherwise its reported all the other investors a significantly smaller. Even 420 million in the overall size of the fund isn't that big. I don't particularly want to get into an argument over the definition of a "scam" but this has faced a lot of scrutiny. I don't think the share price will collapse instantly because there should be billions of real dollars in some sort of fund thanks to the merger sitting in the companies account. If there is something dodgy going on I think it likely to be around what happens to that cash, but otherwise the value is only inflated by dumb investors and people profiting off those dumb investors.

In good news Trump Media and Technology Group has shed value down to about $6.5 billion currently, which is well down from its peak of over $10 billion. Trumps stake is currently worth $3.7 billion, down for over 6. An almost 25% drop occurred on monday after new filings reported a $58 million loss for 2023 with only $4 revenue. Hopefully this downward trend can continue before Trump can pull any money out although with the investor base being made up entirely of maga trumpists and people who are there solely to take the trumpists money, it is difficult to know how they will react.

I'm making that assumption because the US Securities and Exchange Commission and the Financial Industry Regulatory Authority have been investigating digital world since they were formed in late 2021. Along with many investigative journalists looking for a scoop. They found some faults and digital world were fined a relatively small amount, fired their ceo and major shareholder, and had to revise filings. I'm trusting that if there was a smoking gun pointing to foreign money trying to manipulate weak minded truth social users, it would be found in the digital world shareholder base.

Truth social has tiny revenue, high net losses, and prevailing biased content that is going to cap potential revenue by keeping away advertisers who don't want their brands associated with it. The combined share value of it and digital world is massively overvalued. But it is a transparently bad investment rather than a scam. It would be a scam if they reported false revenue or user counts to justify the valuation but they are not, these numbers are just publicly terrible.

I'm not sure its a scam precisely but it certainly looks like a terrible investment in the long term. I'm assuming the origins and current holders of Digital world funding has been thoroughly investigated for this merger to go ahead, but digital world is a publicly traded company. There seemed to originally be a lot of Chinese investment, I would hope the entire thing isn't a front to channel foreign money in illegally. Truth social itself, which is the only "asset" involved after the merger as far as I am aware, has really badly performing numbers that don't in anyway come close to justifying the combined $10 billion dollar valuation. But people do seem to want to invest in dumb shit these days, it may be legit.

Very disappointing, I was really looking forward to waking up to good news but it would be so epic if Trump couldn't come up with a $170 million bond.