WSJ: Inside the Collapse of a MAGA Marketplace Backed by Trump Jr.
The marketplace has lost nearly $160 million and cut 41% of its workforce as the exchange warns it may be delisted.
- The New York Stock Exchange warned it may delist PublicSquare due to poor performance, marking a steep decline for the MAGA-branded marketplace that launched in 2023 with Donald Trump's son, Junior.
- This year, the company dismantled its marketplace, laid off 41% of its workforce, and canceled its streaming show after executives acknowledged the business model failed to gain consumer traction.
- PublicSquare has bled nearly $160 million since going public, with its stock plummeting 99% as the underlying business model cratered.
- Despite the collapse, Junior collected $42,000 monthly in consulting fees, while firms founded by Omeed Malik and Nick Ayers received more than $650,000 and nearly $400,000 respectively.
- William Kent, PublicSquare's head of investor relations, defended the payments, stating, "Mr. Trump's compensation reflected the fact that he is a well-known public figure who speaks directly to an audience the Marketplace was built to reach.
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(Seoul = Yonhap News) Reporter Ko Il-hwan = Public Square, an online marketplace that billed itself as the "Amazon of MAGA (Make America Great Again)," faces delisting due to financial difficulties...
MAGA-aligned marketplace burns $160 million in humiliating flame-out
It’s a bad day for a marketplace backed by the Trump family, according to the Wall Street Journal.Online marketplace PublicSquare, created as a MAGA-aligned alternative with Donald Trump Jr.’s backing, is now facing severe financial difficulties and a 99 percent collapse in its share price, according to BGNES. “Despite initial expectations, the conservative marketplace failed to gain traction, resulting in cumulative losses of nearly $160 millio…
Trump Jr. quietly banked $42k a month as MAGA Amazon bled dry: report
The MAGA alternative to Amazon was supposed to make conservatives rich, but instead, it's become a smoldering pile of financial wreckage. PublicSquare, the MAGA-branded marketplace that launched with Donald Trump Jr. chanting "USA, USA" on the New York Stock Exchange floor in 2023, has all but collapsed, and the president's eldest son cashed fat checks the entire way down, the Wall Street Journal reported. According to the report, PublicSquare h…
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