People should be pissed off that the President is using taxpayer dollars to
1. Knock down the East Wing
2. Name the Kennedy Center after himself
3. Build golden arches
ALL WHILE cutting people’s health care, cutting food assistance for poor children, and weakening customer service at Social Security.
George Santos called me after my story revealing federal investigations into his suspected market manipulation on Kalshi.
And he said: "This story is going to get you a gun in your face."
Then he lied about it.
https://t.co/3hZWckf54M
More than half of the publicly identified donors to President Trump’s White House ballroom project have won new or expanded federal contracts worth more than $50 billion, according to a report from a government watchdog group. https://t.co/wEAqxMA7AG
🚨 SPACEX IPO IS LOADING THE BIGGEST INSIDER SELL EVENT IN A DECADE
This could end up as the largest scheduled cash-out in modern market history
SpaceX is set to list on June 12 at a $1.75-$2 trillion valuation
That instantly makes it bigger than Microsoft, putting it behind only Apple and Nvidia in the entire US market
Meanwhile the company posted a $4.28 billion loss in Q1 2026 alone. Total losses since founding: roughly $41.3 billion
Insiders hold 95% of every share that exists - that's about $1.66 trillion of wealth sitting in private hands, waiting for the door to open
Normally insiders are frozen for 180 days after a listing to stop a wave of selling from crushing the stock on day one
SpaceX threw that rulebook out the window:
> Around 60 days after listing: 20% of insider shares come unlocked
> If the stock runs 30% above IPO price: another 10% unlocks automatically
> Days 70, 90, 105, 120 and 135: a fresh 7% chunk releases at each step
> After Q3 earnings hit: another 28% comes free
By late November, roughly 93% of eligible insider shares can already be sold
This isn't an IPO. It's the most carefully scheduled insider exit Wall Street has ever signed off on
I've watched this exact movie play out before
Every IPO that ran loose lockups looked beautiful until the supply started hitting, then bled for months
Follow + notifs on, I will keep you updated on this one
WTF timeline are we on. Someone called me the MAGA whisperer and I’ll gladly take the title. Left, right, D or R we all want the same things. We’re being divided on purpose by the Epstein Elite Oligarch class because as long as we’re at each other’s throats, they get fat and rich off of our misery. The second we figure out we agree on more than we disagree, they’re done. Love your neighbor. Be yourself. Radical honesty. No fucks given, no fucks taken. Everything else is just noise. (But still fuck Jake “Brick Tamland” Tapper on any time line)
Not DC. That's the "Vittoriano" in Rome, a monument to King Victor Emmanuel II and a regular backdrop for Mussolini's military parades. (The flowers in the foreground are red, white and green because: 🇮🇹).
There are very few references to Trump's indictment for hiding classified documents from DOJ in the coverage of Bolton's plea today. https://t.co/S2a5TC2LXp
Kinda wild that senior Trump admin officials keep saying the war with Iran is over. Meanwhile, CENTCOM keeps tweeting about how they're supporting the blockade, considered an act of war under international law.
Big Tech poured over $1.4 trillion into AI only to see a $613 billion return on investment.
* Amazon spent $313 billion and lost $291 billion
* Google parent company Alphabet spent $287 billion and lost $262 billion
* Microsoft spent $266 billion and lost $235 billion
* Meta spent $230 billion and lost $227 billion
And all these companies chosen to axe workers, blaming AI for the mass firings.
SPACEX IS COMPLETE GARBAGE
Run, don't walk from this train wreck.
The numbers are right there in the S-1 filing for anyone willing to look.
SHAME ON YOU ELON MUSK
YOU BELONG IN JAIL
SHAME ON YOU @SECGov and @SECPaulSAtkins for allowing this to proceed.
SHAME ON YOU MORGAN STANLEY and TED PICK
SHAME ON YOU GOLDMAN SACHS and DAVID SOLOMON
SHAME ON YOU Bank of America, Deutsche Bank, UBS, Citigroup, JPMorgan, Mizuho, RBC, Macquarie, Wells Fargo, Allen & Co, Needham, Raymond James, Stifel, Cantor Fitzgerald, Soc Gen, Mirae, Santander, ING, and BTG Pactual.
Have you no shame? Have you no decency? Have you no honor?
Or is it all about the fees?
And the index providers are making it even WORSE.
Nasdaq changed its rules so SpaceX auto-qualifies for the Nasdaq-100 after just 15 days of trading triggering up to $60 BILLION in forced buying from ETFs alone. S&P Dow Jones Indices is now consulting on whether to fast-track S&P 500 inclusion for unprofitable mega-cap IPOs of this scale.
To Adena Friedman at Nasdaq and Catherine Clay at S&P Dow Jones Indices:
You are about to force every retirement account in America to become EXIT LIQUIDITY for the most overpriced IPO in history.
This is a legally sanctioned wealth transfer from Main Street to Wall Street. The public will be badly injured and EVERY ONE of you knows it.
You all belong in jail for this.
David Solomon and Ted Pick, grow a pair and do the right thing and stop this epic travesty.
How are you able to sleep
at night?
You and your firms are PATHETIC.
The Trump administration has been telling you they had screwworm under control for months. Now, it's here.
What happened? Trump and DOGE slashed funding for screwworm monitoring programs.
And the entire GOP let them. Thank them for today's new hell they unleashed on you.
Here's how rural healthcare in North Carolina gets plundered.
Last month, the Republican leaders of North Carolina's state legislature announced they had the framework for a potential future deal on a state budget, now a year overdue. They basically agreed on a couple of key items that had been blockers. One of those blockers was how (or whether) to give UNC and Duke Health hundreds of millions of dollars to build a new children's hospital in Apex.
Their agreement: they would put an additional $105 million taxpayer dollars into the Apex project by taking it out of a big rural healthcare initiative.
Back in 2023, the legislature had put that $105 million into NC Care, a rural health public-private partnership that would've funded new clinics in rural east and western North Carolina. Now, Republican leaders are revoking those funds, and committing them instead to the project in Apex.