Judd Legum

Judd Legum @JuddLegum

8. Now @KelloggsUS says it has no plans to negotiate further with the union and will replace the striking workers permanently. This is (maybe) legal but (definitely) controversial tactic. It is essentially the most anti-worker tactic a company can take. https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

9. @KelloggsUS today bears no resemblance to the company built by W.K. Kellogg. I'll be following this story closely as the labor dispute continues For updates and more accountability journalism sign up for my newsletter It's free to sign up --> https://t.co/vfep5SsnCF — PolitiTweet.org

Judd Legum @JuddLegum

8. Now @KelloggsUS says it has no plans to negotiate further with the union and will replace the striking workers prominently. This is (maybe) legal but (definitely) controversial tactic. It is essentially the most anti-worker tactic a company can take. https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

7. Once a strike was declared when the last contract expired in October, the company brought in "in strikebreakers that it has put up at the local Doubletree Hotel, paying them $30 an hour and giving them a $75 per diem." https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

6. But @KelloggsUS is still insisting on maintaining (and the union says expanding) the group of workers at a much lower hourly rate The company's first offer was "a contract that made all new workers part of the lower tier with no chance of advancement" https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

5. In 2015, the company claimed it would have to shut down plants unless the union allowed it to hire new workers at a lower hourly rate. So they agreed to it. But now the cereal business is booming. The company brought in $1.4B in profits so far in 2021 https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

4. Today's @KelloggsUS workers routinely work 80 hr weeks The company has been in a dispute with its union and soon after the union went on strike in October, @KelloggUS cut off medical benefits, forcing workers to pay thousands in COBRA or go uninsured https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

3. As the Great Depression gripped the country in 1930 W.K. Kellogg reduced shifts from 8-hrs to 6-hrs so that he could hire people who had been laid off He also increased hourly pay so that workers would still bring home roughly the same amount of money https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

@KelloggsUS 2. W.K. Kellogg offered free daycare and Kindergarten for the children of working mothers All employees families received full medical and dental benefits He surrounded his cereal plant with a lush 10-acre garden for his employees' use https://t.co/LvWYrNaduY https://t.co/4zqkN42Jez — PolitiTweet.org

Judd Legum @JuddLegum

1. @KelloggsUS claims the company still reflects the values of founder W.K. Kellogg but the way the company treats its employees today is the polar opposite W.K. Kellogg said: "I will invest my money in people" @KelloggsUS views its people as disposable https://t.co/LvWYrNaduY — PolitiTweet.org

Judd Legum @JuddLegum

That’s the landing page. Here is the actual email which is even more deceptive. https://t.co/QbhI2moXJ5 — PolitiTweet.org

Judd Legum @JuddLegum

The RNC is layering another grift on top of Trump’s “social media company,” soliciting contributions that appear to support Trump’s new social network but actually just go the RNC https://t.co/v6E5WzcXLc — PolitiTweet.org

Judd Legum @JuddLegum

@annehelen I do understand that Stong came off looking a little weird but as a fan of the show it seems like whatever he does is worth it — PolitiTweet.org

Judd Legum @JuddLegum

@annehelen Great piece. But I do have one thing that’s been bugging me. I read the profile and I didn’t find it really negative? I feel like I had a reading comprehension issue. Maybe I’ll read it again. — PolitiTweet.org

Judd Legum @JuddLegum

RT @neilhimself: Fascinating. — PolitiTweet.org

Judd Legum @JuddLegum

@sarafischer Am I the only one who doesn't understand why CNN needs to stand up a separate streaming service with different shows? Why not just offer CNN as a streaming product? — PolitiTweet.org

Judd Legum @JuddLegum

8. UPDATE: The market cap Google shows is actually just the value of the SPAC. But the SPAC doesn't reflect all the shares. Approx. value of Trump's media company right now EXCEEDS $11 BILLION at Friday's price https://t.co/BI6ZQD0naS — PolitiTweet.org

Judd Legum @JuddLegum

👀 — PolitiTweet.org

Judd Legum @JuddLegum

RT @GeorgeTakei: He comes with receipts. — PolitiTweet.org

Judd Legum @JuddLegum

A very significant development, if true — PolitiTweet.org

Judd Legum @JuddLegum

"The U.S. Justice Department has launched an expansive criminal investigation into short selling by hedge funds and research firms -- thrilling legions of small investors and other skeptics" https://t.co/fcjfj6B5I7 — PolitiTweet.org

Judd Legum @JuddLegum

7. I'll be tracking this company closely. For updates and more accountability journalism, check out my newsletter, Popular Information. Unlike Trump's investor presentation, it's original work! And it's free to sign up --> https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

6. Yet, this is a company purportedly worth $2 BILLION. An unknown investor or investors have kicked in $1 BILLION. But there is little evidence it really exists. More on the mirage of Trump Media & Technology Group: https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

5. The entire page describing the "infrastructure" of Trump's media company is cut-and-pasted from other sites In other words, not only does this company not have any technical infrastructure it could not be bothered to even write its own slide of what the infrastructure will be — PolitiTweet.org

Judd Legum @JuddLegum

4. Well if you look up all of this language, you can see that the definition of a "user" is just cut-and-pasted from open-source descriptions of enterprise software. The description of a "User" comes from this page — a open-source framework for enterprise software https://t.co/j5QjqjOaNf — PolitiTweet.org

Judd Legum @JuddLegum

3. I guess Trump did not expect anyone to actually READ this particular page Because if you do, it makes absolutely no sense. This is a social media and streaming company. This page defines a "user" as "A sales representative who visits customers" Huh? https://t.co/CZngUWXKms — PolitiTweet.org

Judd Legum @JuddLegum

2. The most detailed information we have about Trump's media company is from an investor presentation filed with the SEC. I want to draw your attention to Page 22 of the presentation which is an overview of the "Infrastructure" of the company. Pretty important! https://t.co/yHBdTzCmMX — PolitiTweet.org

Judd Legum @JuddLegum

1. Trump's "media company" is currently valued at $2 BILLION. It has no product, no customers, and no revenue. But it's much worse than that. Follow along if interested. https://t.co/YKyrgn2Hx6 — PolitiTweet.org

Judd Legum @JuddLegum

Unanswered questions: 1. Who authored the PowerPoint? 2. How significant was it to the Trump team’s January 6 planning? — PolitiTweet.org

Judd Legum @JuddLegum

This is the most detailed reporting so far about the PowerPoint. Lowell says it was presented to a group of GOP Senators on January 4. — PolitiTweet.org