Judd Legum

Judd Legum @JuddLegum

If you want to provide American families with paid leave — something that virtually every other government on earth guarantees — it's a huge controversy with lots of hand-wringing about cost If you want to spend $750B on bombs and other stuff designed to kill people, no sweat — PolitiTweet.org

Judd Legum @JuddLegum

If you want to provide American families with paid leave — something that virtually every other government on earth guarantees — its a huge controversy with lots of hand-wringing about the cost If you want to spend $750B on bombs and other stuff designed to kill people, no sweat — PolitiTweet.org

Judd Legum @JuddLegum

UPDATE: Stock in Trump's new media company is now trading at over $50, imputing a valuation of $1.85 BILLION! This a company with: ✔️ No products ✔️ No subscribers ✔️ No tech ✔️ No revenue And only one named employee: Devin Nunes https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

UPDATE: Stock in Trump's new media company is now trading at over $50, imputing a valuation of $1.85 BILLION! This a company with: ✔️ No products ✔️ No subscribers ✔️ No tech ✔️ No revenue An only one named employee: Devin Nunes https://t.co/82VacGQrBW — PolitiTweet.org

Judd Legum @JuddLegum

7. For more accountability journalism that FOLLOWS THE MONEY check out my newsletter, Popular Information You'll learn new things you will not find anywhere else And it's 100% free to sign up https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

6. The REALTORS®, however, whether they will continue to support politicians pushing legislation that will make it more difficult to teach about housing discrimination "We will examine those situations on a case-by-case basis" https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

5. In response to request for comment, the REALTORS® told https://t.co/Gl6evXRDcZ that it "absolutely" thinks students should learn the history of redlining “Beyond that, we all need to use that understanding to promote diverse, inclusive communities" https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

4. Overall, @nardotrealtor has donated 131K since 2020 to federal lawmakers sponsoring legislation to ban discussions of systemic racism Its state affiliates have donated 568K to lawmakers in 20 states sponsoring similar bills https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

3. A brand new Texas law bans instruction on any "controversial issue of public policy." This would make it virtually impossible to discuss housing discrimination. The Texas Association of Realtors® donated 141K to 21 sponsors of the law https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

@nardotrealtor 2. A https://t.co/Gl6evXRDcZ investigation found that @nardotrealtor and its state affiliates are bankrolling lawmakers pushing legislation that would make it difficult for students to learn about systemic racism embedded in the U.S. housing market https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

1. The National Association of REALTORS®(@nardotrealtor) has apologized for its role in systemic housing discrimination It's imperative to “remember this history,” NAR's president said The REALTORS® political spending, however, tells a different story https://t.co/BNZb9LLKk7 — PolitiTweet.org

Judd Legum @JuddLegum

RT @JuddLegum: 2. Well, maybe they are CREATING some great products? Anything is possible, but some people noticed that TMTG had not identi… — PolitiTweet.org

Judd Legum @JuddLegum

RT @JuddLegum: 1. Trump's media company, TMTG, has: ✔️ No products ✔️ No subscribers ✔️ No revenue And yet it's currently valued at $1.… — PolitiTweet.org

Judd Legum @JuddLegum

@DionRabouin Yeah, I switched over to CNBC, which seems to have things more updated. Lesson learned. — PolitiTweet.org

Judd Legum @JuddLegum

@BuzzFeed This is a correction of an earlier tweet that contained incorrect information about BuzzFeed's current market cap. — PolitiTweet.org

Judd Legum @JuddLegum

Trump's media company, which has no products, revenues, or subscribers, currently has a $1.6 BILLION market cap That's more than the current value of @BuzzFeed, a real media company that had $421 million in revenue last year! https://t.co/82VacH830w https://t.co/citAg3wmG4 — PolitiTweet.org

Judd Legum @JuddLegum

@DionRabouin Thanks, this is my mistake. I'll delete and repost — PolitiTweet.org

Judd Legum @JuddLegum

@BuzzFeed Trump's media company up 12% today on news that DEVIN NUNES will be the CEO. It's the ultimate meme stock for the MAGA set. https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

Trump's media company, which has no products, revenues, or subscribers, currently has a $1.8 BILLION market cap That's more than 6X the current value of @buzzfeed, a real media company that had $421 million in revenue last year! https://t.co/82VacH830w https://t.co/ZrPEtzbfrT — PolitiTweet.org

Judd Legum @JuddLegum

Truth Social was supposed to launch in Beta in November but didn't and the company offered no explanation or updated timeline. But it's much further along than TMTG+, which Trump is counting on to generate virtually all the revenue for his company https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

Much of the coverage of Trump's media company (TMTG) has focused on Truth Social, a new social network. But TMTG is projecting $3.6B in revenue in 2026. Almost all of it from a streaming platform, TMTG+, which isn't scheduled to even launch until 2023. https://t.co/82VacH830w https://t.co/ujIR3E3mY9 — PolitiTweet.org

Judd Legum @JuddLegum

@mims That was before the PIPE, so it’s now 1.3 billion. Presumably some or all could go to company operations. Which assumes the intention is the build a real company. — PolitiTweet.org

Judd Legum @JuddLegum

8. One of these investors is Rep. Marjorie Taylor Green (R-GA). She invested 15-50K in the company in October and has already lost at least half her money — and maybe a lot more! She bought her stock at a price between $70 and $175 per share. https://t.co/82VacGQrBW — PolitiTweet.org

Judd Legum @JuddLegum

7. Trump is exploiting TMTG's status as a meme stock by securing $1 billion more from unnamed investors. The structure suggests these investors are interested in selling very quickly, taking advantage of retail investors willing to pay inflated prices https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

6. That deal hasn't even closed yet but Digital World went from trading at $10 to $175 per share! It's now down to about $43 but that's still a big increase. Why are shares worth so much? Trump fans have essentially turned it into a meme stock. https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

5. Critically, Trump has structured TMTG so it can make him a ton of money even if it never becomes a real company -- much less a profitable one. TMTG went public by merging w/a SPAC, Digital World. That transaction netted Trump about $300 million https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

4. Trump did little to assuage concerns about the seriousness of the company when he named Congressman Devin Nunes (R-CA) as the new CEO. Nunes has no experience in the media business but once sued a fictional cow for mocking him on Twitter https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

3. Don't worry, TMTG's products are being developed by Billy B, whoever that is. He either worked for Apple or GAB or Little Debbie. This company is valued at $1.6 Billion! https://t.co/82VacH830w — PolitiTweet.org

Judd Legum @JuddLegum

2. Well, maybe they are CREATING some great products? Anything is possible, but some people noticed that TMTG had not identified anyone involved in building the tech. So, in its latest investor report, TMTG names the tech team BUT ONLY BY FIRST NAME https://t.co/82VacH830w https://t.co/jOyv3u5BE1 — PolitiTweet.org

Judd Legum @JuddLegum

1. Trump's media company, TMTG, has: ✔️ No products ✔️ No subscribers ✔️ No revenue And yet it's currently valued at $1.6 BILLION! Seems legit. https://t.co/82VacH830w — PolitiTweet.org