Trump Insiders Just Cashed in Big on His Stupid Media Company

Trump Media insiders are dumping their stock in Truth Social’s parent company.

Trump Media & Technology Group director Eric Swider sold all the stock he owned directly in the company on Friday, offloading 136,183 shares at $28.23 per share, a total value of more than $3.8 million, according to a filing with the Securities and Exchange Commission. Swider still holds a little more than 18,000 shares in TMTG via an LLC, Zach Everson reported Wednesday in his 1100 Pennsylvania newsletter.

Swider had been the CEO of Digital World Acquisition Corporation, which merged with TMTG in March when the media company was on the verge of running out of cash. The deal was seen as a major win for Trump, infusing $300 million into the company and keeping Truth Social up and running. The merger also helped the media entity make a particularly strong debut on the stock market, with a valuation of nearly $8 billion, sending the worth of Trump’s personal stake in the company skyrocketing to upward of $3 billion.

But Swider wasn’t the only one to offload his Trumpian assets. Also on Friday, Chief Financial Officer Phillip Juhan dumped 320,000 shares at a price of $30.65 apiece, and on Monday he sold another 64,000 shares at a price of $32.97 each, leaving him with just over 265,000 shares in the social media endeavor. General counsel and Secretary Scott Glabe also dropped shares on Friday, though significantly fewer—15,917 shares, at $32.19 each.

Donald Trump nominated Republican-convert Tulsi Gabbard to be the next Director of National Intelligence on Wednesday.

“As a former Candidate for the Democrat Presidential Nomination, she has broad support in both Parties—She is now a proud Republican! I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community, championing our Constitutional Rights, and securing Peace Through Strength,” Trump said in a statement.

After her failed presidential run in 2020, Gabbard left the Democratic Party (she seems to announce doing this at least once a week) and became something of a conservative celebrity, elevating transphobia, spreading Russian propaganda, and unsuccessfully endorsing Republicans.

She recently went full MAGA, endorsing Trump and coaching him for his disastrous debate against Kamala Harris.

Gabbard previously claimed she’d been placed on the TSA’s watchlist, and now she will oversee the U.S. intelligence community including the Central Intelligence Agency.

While Gabbard paints herself as an anti-interventionist, she has acted primarily as an advocate for a slate of authoritarians. In 2019, she defended Syrian President Bashar al-Assad and voiced support for Indian Prime Minister Narendra Modi and Egypt’s Abdel Fattah al-Sisi.

After Russia invaded Ukraine, Gabbard argued that it wasn’t worth U.S. intervention because Ukraine “isn’t actually a democracy,” and claimed there were U.S.-backed biolabs in the country—a Russian conspiracy that got her publicly criticized for acting like a foreign asset. This only added to her status as an outsider, pushing her deep into the MAGA throng.

One member of Gabbard’s family has suggested that her troubling political journey could be related to her connection to the group Science of Identity Foundation, a cult that preaches homophobia, Islamophobia, and misogyny.

If Gabbard is confirmed, her appointment could cause tension with another Trump nominee: Senator Marco Rubio, whom Trump has tapped for secretary of state. In July, Gabbard criticized Rubio as representing “the neocon warmongering establishment of Washington, D.C.”

Gabbard explained that Rubio should not be in contention to be Trump’s running mate, and claimed Rubio was “diametrically opposed” to everything Trump stands for. It seems the president-elect disagreed.

This story has been updated.

The race is on for Senate Democrats to confirm President Joe Biden’s final nominees for federal judge positions, before the party loses the chamber majority.

Senate Majority Leader Chuck Schumer said Wednesday that he would focus on confirming judges, according to HuffPost’s Jennifer Bendery. “We will work to get as many confirmed as possible,” he said.

There are currently 47 judicial vacancies, including 45 in U.S. district courts and two in appeals courts. Biden has 31 nominees still in the pipeline to be confirmed, and only 22 days left in session before Republicans are set to take over on January 3.

The Senate voted 51–44 on Tuesday to confirm April M. Perry as a federal district judge for the Northern District of Illinois.

It’s essential that Senate Democrats approve as many Biden nominees as possible before Donald Trump enters office next year. The president-elect made a whopping 234 judicial appointments during his first term, some of whom proved to be fierce Trump loyalists willing to upend his legal battles—such as Judge Aileen Cannon, who used an insane technicality to toss out charges that Trump mishandled classified documents.

Other Trump appointees, such as Texas Judge Matthew Kacsmaryk, simply sow nationwide chaos by using the legal landscape to push conservative, sometimes Christian nationalist, agenda items like restricting abortion access.

Republicans will retain control of the U.S. House of Representatives by a narrow margin, promising more lengthy fights to pass legislation.

The GOP holds 218 seats to the Democrats’ 208, NBC reported Wednesday. Six races have yet to be called. Republicans have also taken control of the Senate.

Republicans gained control of the House two years ago during the 2022 midterm elections. While there was no “red wave” as had been predicted, they were able to flip 19 districts from blue to red.

The House currently has 220 Republicans, 212 Democrats, and three vacancies, two of which were held by Democrats who passed away, and one by a Republican who sought greener pastures working at a weapons and AI contractor (after sowing plenty of anti-China sentiment), resulting in a tight race for his seat as both parties scrambled to claim an incredibly slim majority margin.

Only about 49 of the House seats were truly in play to be flipped. Democrats were able to flip two seats in New York, which are currently held by Republican Representatives Brandon Williams and Anthony D’Esposito.

A whopping 45 House members decided not to seek reelection, not including those who left office partway through the current term.

Alabama Senator Tommy Tuberville thinks that Democratic Senate wins in battleground states are suspicious. 

On Tuesday, Tuberville was on The Sean Spicer Show, a podcast hosted by Donald Trump’s former White House press secretary and communications director. Spicer asked Tuberville how he’d fulfill his promise to be a “legislative sledgehammer for President Trump.”

“One of the things I really want to do is straighten this dang voting up across our country,” Tuberville said. 

“We didn’t get killed downballot, but let me tell you something: Donald Trump pulled out more people to vote for him” than Harris, the Alabama senator added. “And how in the world can some of these senators … receive more votes—the Democrats—than President Trump? It doesn’t add up to how this all went about.”

Trump won the battleground states of Georgia, Pennsylvania, North Carolina, Nevada, Wisconsin, Michigan, and Arizona in the presidential election, but Democrats won the Senate races in the latter four states. Though he didn’t come out and declare fraud, Tuberville still hinted that something was off with those results. 

“We need to get this straight: voter ID,” he said. “You know, Kamala Harris won every state that was no voter ID. She did not win one that wasn’t voter ID. So think about that.” (This claim has already been disproven, as Harris did in fact win some states with voter ID laws and Trump won states without them.)  

Tuberville’s claims seem to be sour grapes in an election where Republicans have taken the presidency as well as the Senate, and are close to retaining control of the House of Representatives. Like losing Republican Senate candidate Eric Hovde in Wisconsin, Tuberville doesn’t seem to understand split-ticket voting.

Elon Musk has made himself right at home by Donald Trump’s side, much to the chagrin of everyone else in Mar-a-Lago.

The New York Times has reported that the world’s richest man and the president-elect have been absolutely inseparable since the latter’s election night victory. Musk has joined Trump for every meal, interview, golf hole, and political meeting at Mar-a-Lago over the past week, often with his 4-year-old son in tow.

Musk’s role has been bigger than some Trump aides anticipated. He chatted with Ukrainian President Volodymyr Zelenskiy and President Recep Tayyip Erdogan of Turkey alongside Trump, and plans on meeting with President Javier Milei of Argentina at Mar-a-Lago later this week. The billionaire attended “at least” one national security meeting with Trump and aide Stephen Miller, as well as another meeting on Wednesday between Trump and House Republicans. He’s even helping the Trump transition team vet potential Cabinet nominees.

That’s in addition to his plans to head the Department of Government Efficiency, or DOGE, with Vivek Ramaswamy, which Trump proudly announced Tuesday evening.

Musks’s growing role in the Trump transition coincides with reports that those who actually worked in the Trump campaign have grown tired of Musk’s constant presence. Tech journalist Kara Swisher said that Trump’s inner circle views Musk as the “guest that wouldn’t leave.”

“He definitely inserts himself all the time, that’s his style,” Swisher told CNN on Monday. “I’ve heard from Trump people, calling me saying, ‘Oh, wow. This is odd.’ And it is.”

Politico also reported that those closest to Trump are beginning to see Musk’s presence as a “comical distraction” at Mar-a-Lago. “Elon is getting a little big for his britches,” an insider told the outlet.

Yet as Trump’s largest funder this election cycle, Musk will continue to receive this uninhibited access, even as MAGA loyalists grumble behind the scenes. Only Trump can change that.

Another judge has ruled against a January 6 defendant attempting to have his sentence delayed until Donald Trump is sworn in as president.

On Wednesday, Judge Jia Cobb denied a motion to delay Antonio Lamotta’s sentence. The 2021 insurrection participant was sentenced in September to six months in prison, 24 months in supervised release, and $2,000 in restitution, after being found guilty of a felony and two misdemeanor offenses of disorderly conduct in a Capitol building. Citing the possibility of a presidential pardon from Trump after his election victory, Lamotta hoped Cobb would delay his sentence, but the judge said that wasn’t a valid reason, citing legal precedent.

“Defendant has pointed to no authority supporting his request to delay a valid sentence on the grounds that he may receive a presidential pardon in the future,” Cobb wrote in her ruling.

Another D.C. federal judge, Amy Berman Jackson, also denied a January 6 participant’s case on Tuesday, ruling, “The Court is not inclined to postpone the conclusion of this matter based on events that may or may not transpire with respect to some or all of the January 6 defendants at some unspecified date in the future.”

Several January 6 defendants have attempted to delay their trials and sentencing, claiming that Trump will just pardon them anyway after he is sworn in on January 20 next year. Some have even cited Trump’s statements during his campaign in their legal motions. But the D.C. Circuit Court judges in their cases seem unconvinced. On Monday, a Trump-appointed judge, Trevor McFadden, also denied a January 6 defendant’s request to have their trial extended.

There have been over 1,500 federal criminal cases in the January 6, 2021, Capitol insurrection, with about 950 defendants pleading guilty and 200 being found guilty at trial. Several cases are still pending, and some may not begin proceedings between now and Trump’s inauguration. If Trump follows through on his promise to pardon some rioters, many of their cases may never see the inside of a courtroom.

Pete Hegseth’s nomination as Donald Trump’s secretary of defense has left many scratching their heads, trying to figure out what on earth qualifies the Fox & Friends host to lead the Pentagon and command 1.3 million active-duty troops.

While Hegseth does have military experience, previously serving as an infantry officer in the Army National Guard in Iraq, Afghanistan, and Guantánamo Bay, he has nowhere near the expertise traditionally required for the role of Defense Department head.

For example, current Defense Secretary Lloyd Austin served in the military for 41 years, holding several high-ranking positions as commanding general of U.S. forces in Iraq, the army’s vice chief of staff, and commander of U.S. Central Command, which is responsible for all military operations in the Middle East.

Hegseth’s lack of experience isn’t the only reason he would be considered unsuitable for the position. He recently claimed that his orders to guard Joe Biden’s inauguration were revoked after he was “deemed an extremist” due to a tattoo of a Jerusalem Cross on his chest.

Hegseth failed to mention that he also has a corresponding “Deus Volt” tattoo on his arm, a Latin phrase that means “God Wills It” and a white supremacist slogan. Twelve national guard members were reportedly removed from Biden’s inauguration detail after making extremist statements, and according to Hegseth’s own admission, he was one of them.

So it’s not surprising his appointment seems to have left many across the political spectrum unimpressed.

Former Fox & Friends co-host Gretchen Carlson seemed simply confused by her former colleague’s appointment.

“From silly diner interviews on Weekend Fox and Friends to Secretary of Defense? I never thought I’d say I’m stunned about any pick after the election but nominating Pete Hegseth for this incredibly important role? Yes he’s a veteran … and?” she wrote Tuesday in a post on X.

Democratic Massachusetts Senator Elizabeth Warren also aired her frustration with the appointment. “A Fox & Friends weekend co-host is not qualified to be the Secretary of Defense,” she wrote on X. “I lead the Senate military personnel panel. All three of my brothers served in uniform. I respect every one of our servicemembers. Donald Trump’s pick will make us less safe and must be rejected.”

Former Republican Representative Adam Kinzinger put it bluntly. “Wow. Trump picking Pete Hegseth is the most hilariously predictably stupid thing,” he wrote on X.

Alyssa Farrah Griffin, a former Trump White House aide and current co-host on The View posted that she wasn’t concerned by his lack of military experience but his “lack of policy experience & a lack of Pentagon experience.”

“I’m for a disrupter at the Pentagon but you can’t disrupt an agency you’re not familiar with the inner workings of. The most likely outcome is he’ll be outmaneuvered at every turn by top Pentagon brass,” Griffin added in a separate post.

Upon hearing that Hegseth had been appointed, Alaska Senator Lisa Murkowski, a Republican, simply said, “Wow.”

In the end, it seems like the president-elect appointed Hegseth because he is a faithful Trump acolyte, and well, he’s on Trump’s favorite television network.

Eric Edelman, who previously served as the Pentagon’s top policy official under George Bush, told Politico that Trump “puts the highest value on loyalty.”

“It appears that one of the main criteria that’s being used is, how well do people defend Donald Trump on television?” Edelman said.

Kinzinger agreed. “Obviously it’s weird, and there’s only one reason he’s doing it, because he’s on Fox News, and you know, that’s what Donald Trump picks based on,” Kinzinger said on CNN Tuesday.

South Dakota Senator John Thune will replace Senate Minority Leader Mitch McConnell as the chamber’s Republican caucus leader.

Thune won by a margin of five points, securing 25 votes to helm the party. Thune is, in many ways, a natural successor for the role. He has served as the Senate Republican whip since 2019, and has practically managed the Senate floor since McConnell suffered a concussion in 2023.

“I am extremely honored to have earned the support of my colleagues to lead the Senate in the 119th Congress, and I am beyond proud of the work we have done to secure our majority and the White House,” Thune said in a statement after the vote. “This Republican team is united behind President Trump’s agenda, and our work starts today.”

Thune was also the popular choice among Senate Republicans, with colleagues describing him as affable, well liked, and humble, according to The Hill.

But regardless of the plain logistics of Thune’s win, his ascension to the top of Senate GOP leadership serves as an interesting start to Donald Trump’s second term, marking the possibility that the upper chamber will remain an independent entity separate from the president-elect’s whims. Thune is an establishment conservative and longtime McConnell ally who has not always seen eye to eye with Trump. Thune won in two rounds of voting, despite an aggressive lobbying campaign by some of Trump’s key allies, including Elon Musk, Tucker Carlson, Sean Hannity, Robert F. Kennedy Jr., Vivek Ramaswamy, and Charlie Kirk, who claimed Florida Senator Rick Scott would be a better alternative for the MAGA administration.

“Without Rick Scott, the entire Trump reform agenda wobbly,” Kennedy Jr. posted on X last week, responding to a rant by Carlson in which he claimed that Thune and the other man in the race, Texas Senator John Cornyn, “hate Trump and what he ran on.”

Ultimately, the Scott campaign rubbed some Republicans the wrong way, driving a deeper intraparty rift between neoconservatives and Trump’s far-right base. But the secret ballot vote ensured total privacy for a group of senators, many of whom are unthreatened by reelection odds until 2028 or later, to side for or against Trump’s candidate.

Still, Thune passed a Trumpian litmus test Sunday night, quickly bending the knee to the chief Republican’s unusual demand that whoever won the position unequivocally agree to recess appointments and thwart the appointment of Democratic judges.

This story has been updated.

President-elect Donald Trump does not appear to be interested in assuaging any concerns about a total pursuit of power.

Speaking before the House Republican Conference on Wednesday, the 78-year-old soon-to-be forty-seventh president openly joked about running for a third term, telling the crowd that they could “figure something else out.”

“I suspect I won’t be running again unless you say he’s so good we got to figure something else out,” Trump said while laughing, according to the Associated Press’s Farnoush Amiri.

That would, of course, be a flagrant violation of the Constitution, which has stipulated since 1951—after President Franklin D. Roosevelt served a whopping four terms—that presidents cannot be elected for more than two terms. Previously, the two-term limit had been an unofficial precedent set by George Washington.

“No person shall be elected to the office of the President more than twice,” states the Twenty-Second Amendment. “And no person who has held the office of President, or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once.”

But it’s not the first time that Trump has hinted he’d be open to skirting the ironclad rule. At a National Rifle Association convention earlier this year, Trump likened his future running the country to Roosevelt’s tenure.

“You know, FDR 16 years—almost 16 years—he was four terms. I don’t know, are we going to be considered three-term? Or two-term?” Trump said, allowing some people in the gun-loving crowd to cheer “three” in response, according to Politico.

Trump also floated the idea on the campaign trail in 2020, before he lost to President Joe Biden, bizarrely claiming he was entitled to a “redo” of his first term due to an FBI counterintelligence investigation that had examined Russia’s efforts to thwart the 2016 election. (That investigation found that Trump interacted with individuals with direct ties to the Russian government and that the foreign power had meddled in the U.S. election in an effort to aid Trump and hurt then–Democratic presidential candidate Hillary Clinton.)

Luckily, the process of repealing or changing an amendment likely won’t change anytime soon, even with a Republican trifecta at the federal level, as it requires overwhelming public support. As outlined in Article 5 of the Constitution, any such change requires at least two-thirds of the Senate and the House to agree on the modification, with that change then requiring ratification by a minimum of three-quarters of states in the nation.

A second approach to repealing the term-limiting amendment could be via a constitutional convention, though two-thirds of states would need to support the motion to have one at all, and any proposed changes to an amendment would still require ratification by three-fourths of the states.