Trump Bullies the New York Times [Deserved?]
FULL TRANSCRIPT
late on Monday night. Uh it was taken in
the state of Florida, obviously a
Republican stronghold and basically the
home of Donald Trump and his family. Now
uh and in this uh lawsuit uh Donald
Trump accuses the New York Times of
being a mouthpiece for the Democratic
party. He takes issue with a book that
was written by two New York Times
reporters as well as other articles.
It's it's a big figure, 15 billion, well
past the New York Times market cap, and
it represents the latest attempt by
Donald Trump to sue American news
organizations. We've seen similar
efforts uh when it comes to ABC, CBS,
and we saw some settlements in this case
in those cases. Um so yes, definitely a
further escalation.
>> Trump does not actually expect to win
these cases against news agencies. These
are really hard cases to win. And you
might hate the New York Times, you might
love the New York Times, it doesn't
really matter. What matters is Trump
uses the legal system to uh bully uh the
news agencies to basically be nice to
him. That's all it is. Notice how
there's never a lawsuit against Fox
because he hires people from Fox. People
who worked in his administration like
Larry Cuddlo go back to Fox. And then
you get Fox News that chills for him on
a daily basis. That's the way this game
works. Like Larry Cuddlo literally
yesterday had a recorded segment that he
played twice where he's like, you know,
is it possible now? Is it possible
tariffs might be causing some consumer
inflation? Yes. But but for the larger
grand scheme of things, that's okay for
the benefits we're getting from tariff
revenues. And should that stop the Fed
from cutting? We don't think so. We
think the Fed should lower costs for
Americans. It's literally like Trump's
mouthpiece. So like, yes, it is very
normal for Trump to do this. And so what
happened is yesterday on Truth Social,
Donald Trump announced a $15 billion
defamation and liel lawsuit against the
New York Times, which is really
difficult to bring a lawsuit of this
because you have to prove that uh the
New York Times acted with actual malice.
When you're a public figure, you can't
just say, "Hey, you said something mean
about me. I'm going to sue you cuz it
caused damages. When you're a public
figure, the standard goes way up. We
have massive first amendment protections
in the United States. That said, nobody
actually expects these cases to go
before a jury or some kind of even bench
trial. Why? Because 99% of cases settle.
It's the same thing with Colombia or
Harvard. Do they want to go through two
years of being, you know, investigated
by Trump's administration because he can
basically direct investigations or is it
better just settle with Trump? It's like
the CBS lawsuit where they paid him $15
million in a settlement and then right
after they pay him $15 million in the
settlement, the FTC approves the
Paramount deal that Paramount's been
wanting to do and Paramount owns CBS.
So, it's no surprise that there's a lot
of weaponization of basically the legal
system to get what he wants. Anyway, so
yes, he he filed in the US District
Court in Florida. He names four
reporters, Peter Barker, Susan Craig,
Michael Schmidt, and Ross Bner.
And Penguin Random House, publisher of a
2024 book about Trump. 85page complaint
alleges the book contained repundant
distortions and fabrications about
Trump, harming his business, personal
reputation and even causing a decline in
the share price of Truth Social. That's
interesting. So now he's saying, "Oh,
the reason, you know, Truth Social is
falling uh is because of this book."
Which is crazy because if you look at
Truth Social, Tru Truth Social has no
real revenues. Their revenues are
terrible. Their expenses are massive.
They pay millions of dollars in
consultation fees and operating
expenses. You can just look this up
yourself. Truth Social Investor
Relations. We'll do it together really
quick. You pull up the financials of
Truth Social. They're horrible. So, in
an attempt to pump up the Truth Social
stock price lately, the goal has been to
become a Bitcoin acquiring treasury
company, much like Michael Sailor of
Micro Strategy, because that's done well
for them. So, if that does well for
them, why why not try to copy them? Look
at their net sales. Wow, it's even worse
than the other numbers. We have net
sales of $883,000.
That's it. In 3 months, you made
$833,000 or $883,000. How much did you
spend on consultants and people that you
employ? Well, you spent $28 million on
general and administrative expenses and
you spent $13 million on research and
development. So, you guys are losing
money handover fist. $20 million in the
quarter. But, of course, it's not the
company's fault that y'all are sucking.
It's the New York Times and their book
as the reason why uh you know, DJT is
going down. So now DJT or and Trump are
looking for $15 billion in damages. Uh
now the New York Times, by the way,
they're a public company and you might
hate the New York Times, which is fine.
Uh but their stock is only moving down
2.7% on this news. That's probably
because markets don't actually see this
is going far and only pricing in some
form of a settlement potential. You
know, take 9.3 billion. So 9.38
9380 times 0.027. Markets are markets
are still taking about a $250 million
price tag off of the New York Times
valuation. That's pretty good. That's a
quarter of a billion dollars coming off
of the New York Times valuation
following some of this. Now again, I
think proving malice is going to be
crazy, but this is going to be another
tool for Donald Trump to call, as he
does, the New York Times the worst and
most degenerate newspaper that exists.
This is commonly what he does, but it's
really a rallying cry for him and
Republicans going into the 2026
midterms. the more you can villainize
these leftist papers, the more uh you
can sort of rally the base around, oh,
don't vote for Democrats, vote for
Republicans, right? Then, of course, you
have uh you know, people uh you know,
circulating commentary on on X uh
suggesting that, hey, you know, this is
good. The New York Times needs to be
held to account. Other people are like,
man, this is a straight attack on free
speech. not a surprise. Uh, and so
there's commentary on all angles. The
reality is if this went all the way to
trial, the odds are Donald Trump would
lose, but to get to trial, Donald Trump
will probably be out of office. So, in
the meantime, it's going to cost the New
York Times hundreds of thousands of
dollars in legal fees and continuously
be a point of contention throughout the
next two or three years. So, Trump
doesn't really lose. It doesn't really
cost Trump legal fees because he's
probably just using, you know, internal
White House staff anyway. So, it doesn't
really cost him anything. It gives him a
political rallying cry. It lets him
point out, well, the only reason DJT is
down is because of the fake news media.
Has nothing to do with our financials.
So, it lets him, you know, get cover on
this. And it's what he always says. It's
a tool for him to weaponize his hate for
the left. And that's what he's doing.
So, you know, personally, I think this
$15 billion lawsuit is is really nothing
more than sort of classic kind of Trump
bullying. Uh, but that's the strategy
that works for Trump and it works really
well. You know, he ends up getting
settlements. He ends up making money off
these things. So, he's got a strategy
that works and even if there's just a
bit of truth, it's enough for him to run
with. That's my take on this. So, uh,
very interesting.
Uh somebody here in the chat writes,
"We've never before seen such great
financials."
Yeah. Uh good point. Uh so uh let's see
here. The best stock we have ever seen.
None thought it was possible. Discovery
would be interesting. Well, yeah, sure.
Because what the the problem with this
though is like how do you like usually
reporters or bookw writers have
journalistic privilege where if they say
like hey we have anonymous sources that
told us something you know the public is
able to look at that and say all right
well I don't believe you're anonymous
sources but that still shields the
journalists from saying it and in order
to protect journalistic privilege in
America journalists are pretty heavily
protected in giving up their sources. So
once you give up your sources then
people might not want to be able to
might not talk to journalists anymore at
all and then it's like okay is that then
bad for society right
so uh that's very interesting to me very
very interesting so uh
hybrid universe says it's worth buying
the course the alpha report is done live
that's awesome well thank you for saying
that appreciate you saying that uh
anyway
Yeah. So, somebody says, "Where can I
find figures financials?" You know, we
did an analysis on it in the course
member liveream on the day that it
IPOed. It was actually really quiet. Not
a lot of people talked about uh about
that one. Uh but anyway, very very
interesting here. Trump uh Trump kind of
classic move here with lawsuits against
the media.
>> Why not advertise these things that you
told us here? I feel like nobody else
knows about this.
>> We'll we'll try a little advertising and
see how it goes.
>> Congratulations, man. You have done so
much. People love you. People look up to
you.
>> Kevin Papra there, financial analyst and
YouTuber. Meet Kevin. Always great to
get your take.
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