Tag Archives: yahoo finance premium

Apps, Elon Musk, Social Media, Twitter

New Elon Musk tweets Confirm he will not be a Silent Stakeholder: Board Seat Declined

In another weekend explosion, this time, revealing the hands on bent of ideas for TWX project

Once again the weekend is seeing a barrage of tweets from Elon Musk, this time with a solid bulls-eye on Twitter itself and changes he has on his wishlist. Implementation schedule appears to be, well, immediate.

https://bookshop.org/a/565/9780553418835

The first tweet we are featuring was a preview of just how much of an activist shareholder he is planning to be.

Looking forward to the first board meeting he will attend since his $2.9 billion 9.2% stake in the bird platform – Musk reposted a meme of his infamous “Ganja weed” interview – essentially creating an instant meme of memes:

**note – on Sunday night (April 10th, 2022) it was revealed that Elon Musk joining the board would not be a thing, after all. Most likely reason sited in the avalanche of reactions? A board seat would have capped the maximum investment / stake percentage at 14.9% and brought potentail legal issues. As the largest shareholder the door remains open to his acquiring the company outright, and continuing the activist direction clearly indicated in the tweets below…

Next, the constructive criticism started, first taking note (perhaps already up his sleeve as he contemplated shelling out 3 bil of pocket change) of how many of the accounts with the most followers post “very little content”. Summing up his thoughts with the question “Is Twitter dying?”

Next, in replies to himself he got granular, citing two very specific examples, how @taylorswift13 and @justinbieber are remiss when it comes to staying active and tweeting on a regular basis…

Apparently, the day was just beginning to get interesting, cause he posted a Yogi Berra-like conundrum next, pointing out that statistics, including this very one, presumably, are very often false. Posted at 1:14 PM he may have had a siesta and found himself ready to rumble cause with the next tweet at 5:03 PM things started to cook…

He dug into his infographic trove of insights and pulled out this re-tweeted gem, showing how the Weather Channel is distrusted by nearly 50% of Republicans and about 35% percent of Democrats.

This tweet is an interesting one as there has been a lot of hand wringing and dire predictions made in the “media” that Elon Musk, known as having a Libertarian prediliction, will somehow be Trump’s savior and that his idea of “free speech” is similar to those that are somewhere to the Right of Q-anon.

This, I would venture, is highly unlikely. It’s far more likely that his idea of free speech might actually be closer to, well what it sounds like, less censorship. Oddly both the left and the right are anticipating disappointment, and perhaps, that is one of those be-careful-what-you-wish-for things.

The tweets of April 9th, seem to bear out the idea that he will be active, vocal and, above all, amusing, but unlikely to follow any faction or party.

Next came more specific and sort of practical tweets, like this one suggesting twitter “sell” the authentication checkmark as part of the Twitter Blue $3 subscription package. This, bizarrely, is a great business concept, and might actually happen, crazy as it sounds.

After reflecting briefly on the idea, it became clear that the invention of a new plebian version of the coveted mark is needed, lest it be confused with the rare and hard to acquire “public figure” or “official” accounts.

https://twitter.com/elonmusk/status/1512957577092608004?s=21&t=p5FTMofYfTHgM4X5Gm2n8Q

A quick followup tweet with self replies included the observation that the edit tweet feature that has had much action this week is already a done deal in the future paid Twitter landscape.

Then, as if out of the blue like a bolt of lightening Elon decides that there should be no ads! Ok, so this does make sense in a genius billionaire kind-of-way here’s the new breakdown:

  1. Everybody pays $3 per moth
  2. Advertising is cancelled
  3. We all get checkmarks and an edit tweet feature
  4. Corporations stop “dictating policy”
  5. Twitter SF HQ is converted into a homeless shelter (unhoused refuge)
https://twitter.com/elonmusk/status/1512962115270754306?s=21&t=p5FTMofYfTHgM4X5Gm2n8Q

Good idea?:

https://twitter.com/elonmusk/status/1512966135423066116?s=21&t=p5FTMofYfTHgM4X5Gm2n8Q

Then, in a semi-final, inspired burst of sunshine, there’s a great suggestion – actually a tweet from earlier in the am – 7:39 to be exact but pinned for now, the man who must be heeded points out that “crypto scam accounts” represent a large percentage that should be subtracted from the real accounts. ow if they can just remove the 3 billion fake accounts across all social media…

Apparently not able to quit while ahead, or maybe under the influence of jet lag or substances, this gem dropped:

https://twitter.com/elonmusk/status/1513045405029711878?s=21&t=Rw_ry5HVOGgsmXRxJJzSbA

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News, Observation, Politics

Airbnb’s Ukraine moment is a reminder of what the sharing economy can be

As desirable vacation destinations go, war-torn Ukraine must surely rate low. But in the first month of Russia’s invasion, Airbnb bookings in Ukraine boomed, as people around the world used the accommodation platform to channel more than US$15 million in donations to the country.

As with other forms of direct donation, using Airbnb to channel aid to Ukraine has been problematic. The company was relatively quick to waive the 20% commission it usually charges on transactions. But stopping scammers from setting up fake accounts to collect money from well-meaning donors has proven more difficult.

It’s a story that illustrates both the potential and limitations of the so-called sharing economy.

Idealistic visionaries once imagined the internet would connect individual buyers and sellers, peer to peer (or P2P), without the need for intermediaries and their commissions. But this promise of market democratisation and inclusivity has largely failed to materialise.

Instead, the platforms that have arisen – eBay, Uber, Airbnb and so forth – are very much like traditional capitalist enterprises, putting the squeeze on rivals, exploiting labour, and making their founders and executives among the wealthiest people on the planet.

Platform capitalism

The founders of these companies didn’t necessarily begin with such ambitions. Airbnb’s founders, for example, started their website in 2007 to provide an alternative to mainstream hotels and motels, enabling anyone to offer a spare room or residence for short-term stays in the expensive San Francisco market.

Now Airbnb’s market capitalisation rivals that of the world’s biggest hotel chain, Marriott. In 2021, Airbnb reported US$1.6 billion in earnings before interest, tax, depreciation and amortisation, compared with Marriott’s US$2 billion.

Co-founder and chief executive Brian Chesky’s personal fortune is an estimated US$14 billion, placing him 157th on Forbes’ world billionaires list.

The fortunes made by the dominant sharing platform have not all come from technological innovation.

Uber, for example, has squeezed taxi cooperatives, reduced wages for drivers and normalised precarious “gig work”. Airbnb has been criticised for contributing to rental affordability and supply problems, as property owners chase higher returns from the short-stay market.

There’s little that is democratic about these platforms. The owners have the last say in the equation, dictating which actions and exchanges are allowed or cancelled.

Creating a true sharing economy

Our research on the sharing economy shows that digital platforms can be a powerful tool for individuals to collaborate in developing solutions to their needs. But for the promise of the sharing economy to be realised, platforms must be far more open, democratic and publicly accountable than they are now.

As the non-profit P2P foundation argues, peer-to-peer networks create the potential to transition to a commons-oriented economy, focused on creating value for the world, not enriching shareholders.

For that to happen, all users must have input into decisions about why a platform exists and how it is used.

Examples of what is possible already exist. Perhaps the best known is Wikipedia – a hugely valuable service that runs on volunteer labour and donations. It’s not perfect but it’s hard to imagine it working as a for-profit enterprise.

There are many attempts to create collectively owned, more democratic sharing platforms. In New York, for example, drivers have organised to create ride-sharing alternatives to Uber and Lyft based on cooperative principles. Such endeavours are known as platform cooperativism.

But these ventures routinely struggle to raise the money needed to develop their platforms. Members also vary largely in their knowledge of business practices, particularly the skills needed to manage democratic decision making.

To help these platforms thrive, we need public policies that assist them to raise funds. We also need programs that deliver financial and business education to platform members.

Beyond these practical difficulties, users also need to have a stake in how these platforms run for them be a fully transformative version of the sharing economy.

We’ve drifted a long way from the early hopes for the sharing economy. But it’s not too late to change course and work to co-create more equitable, human-focused models of exchange.

Daiane Scaraboto, Associate Professor of Marketing, The University of Melbourne and Bernardo Figueiredo, Associate Professor of Marketing, RMIT University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Economics, Finance, News, Politics

Why the Fed can’t stop prices from going up anytime soon – but may have more luck over the long term

Above: Photo Adobe Stock

The Federal Reserve has begun its most challenging inflation-fighting campaign in four decades. And a lot is at stake for consumers, companies and the U.S. economy.

On March 16, 2022, the Fed raised its target interest rate by a quarter point – to a range of 0.25% to 0.5% – the first of many increases the U.S. central bank is expected to make over the coming months. The aim is to tamp down inflation that has been running at a year-over-year pace of 7.9%, the fastest since February 1982.

The challenge for the Fed is to do this without sending the economy into recession. Some economists and observers are already raising the specter of stagflation, which means high inflation coupled with a stagnating economy.

As an expert on financial markets, I believe there’s good news and bad when it comes to the Fed’s upcoming battle against inflation. Let’s start with the bad.

Inflation is worse than you think

Inflation began accelerating in fall 2021 when a stimulus-fueled demand for goods met a COVID-19-induced drop in supply.

In all, Congress spent US$4.6 trillion trying to counter the economic effects of COVID-19 and the lockdowns. While that may have been necessary to support struggling businesses and people, it unleashed an unprecedented bump in the U.S. money supply.

At the same time, supply chains have been in disarray since early in the pandemic. Lockdowns and layoffs led to closures of factories, warehouses and shipping ports, and shortages of key components like microchips have made it harder to finish a wide range of goods, from cars to fridges. These factors have contributed to a worldwide shortage of goods and services.

Any economist will tell you that when demand exceeds supply, prices will rise too. And to make matters worse, businesses around the world have been struggling to hire more workers, which has further exacerbated supply chain problems. The labor shortage also worsens inflation because workers are able to demand higher wages, which is typically paid for with higher prices on the goods they make and the services they provide.

This clearly caught the Fed off guard, which as recently as November 2021 was calling the rise in inflation “transitory.”

And now Russia’s war in Ukraine is compounding the problems. This is mostly because of the conflict’s impact on the supply of gas and oil, but also because of the sanctions placed on Russia’s economy and the ancillary effects that will ripple throughout the global economy.

The latest inflation data, released on March 10, 2022, is for the month of February and therefore doesn’t account for the impact of Russia’s invasion of Ukraine, which sent U.S. gas prices soaring. The prices of other commodities, such as wheat, also spiked. Russia and Ukraine produce a quarter of the world’s wheat supply.

Inflation won’t be slowing anytime soon

And so the Fed has little choice but to raise interest rates – one of its few tools available to curb inflation.

But now it’s in a very tough situation. After arguably coming late to the inflation-fighting party, the Fed is now tasked with a job that seems to get harder by the day. That’s because the main drivers of today’s inflation – the war in Ukraine, the global shortage of goods and workers – are outside of its control.

So even dramatic rate hikes over the coming months, perhaps increasing rates from about zero now to 1%, will be unlikely to make an appreciable impact on inflation. This will remain true at least until supply chains begin to return to normal, which is still a ways off.

Cars and condos

There are a few areas of the U.S. economy where the Fed could have more of an impact on inflation – eventually.

For example, demand for goods that are typically purchased with a loan, such as a house or car, is more closely tied to interest rates. The Fed’s policy of ultra-low interest rates is one key factor that has driven inflation in those sectors in recent months. As such, an increase in borrowing costs through higher interest rates should prompt a drop in demand, thus reducing inflation.

But changing consumer behavior can take time, and it’ll require more than a quarter-point increase in rates at the Fed. So consumers should expect prices to continue to climb at an above-normal pace for some time.

Higher interest rates also tend to reduce stock prices, as other investments like bonds may become more attractive to investors. This in turn may lead people invested in stock markets to reduce their spending because they feel less wealthy, which may help reduce overall demand and inflation. The effect is minimal, however, and would take time before you see the impact in prices.

The good news

That is the bad news. The good news is that the U.S. economy has been roaring at the fastest pace in decades, and unemployment is just about down to its pre-pandemic level, which was the lowest since the 1960s.

That’s why I think it’s unlikely the U.S. will experience stagflation – as it did in the 1970s and early 1980s. A very aggressive increase in interest rates could possibly induce a recession, and lead to stagflation, but by sapping economic activity it could also bring down inflation. At the moment, a recession seems unlikely.

In my view, what the Fed is beginning to do now is less taking a big bite out of inflation and more about signaling its intent to begin the inflation battle for real. So don’t expect overall prices to come down for quite a while.

Jeffery S. Bredthauer, Associate Professor Of Finance, Banking and Real Estate,, University of Nebraska Omaha

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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News, Observation, Politics

Economic sanctions may deal fatal blow to Russia’s already-weakdomestic opposition

The West has responded to Russia’s invasion of Ukraine by imposing harsh economic sanctions.

Above: Photo Collage

Most consequentially, key Russian banks have been cut out of the SWIFT payments messaging system, making financial transactions much more difficult. The United States, European Union and others also moved to freeze Russian Central Bank reserves. And U.S. President Joe Biden is weighing a total ban on Russian oil imports.

These sanctions are aimed at generating opposition from both Russian President Vladimir Putin’s inner circle and everyday Russians. As a scholar who studies regime change, I believe the risk is that they will actually drive the Kremlin’s weak opposition further into obscurity.

A ‘punishment logic’

Economic sanctions follow a “punishment logic”: Those feeling economic pain are expected to rise up against their political leaders and demand a change in policies.

Everyday Russians have already felt the pain from the newest sanctions. The ruble plummeted in value, and Russia’s stock market dipped. The effects of Western sanctions were seen in the long lines at ATMs as Russians tried to pull out their cash before it was lost.

But the odds of an uprising are not great. Empirical research suggests that sanctions rarely generate the sorts of damage that compel their targets to back down. Their greatest chance of success is when they are used against democratic states, where opposition elites can mobilize the public against them.

In authoritarian regimes like Putin’s, where average citizens are the most likely to suffer, sanctions usually do more to hurt the opposition than help it.

How Putin has quelled dissent

Putin has used a variety of tools to try to quell domestic opposition over the past two decades.

Some of these were subtle, such as tweaking the electoral system in ways that benefit his party. Others were less so, including instituting constitutional changes that allow him to serve as president for years to come.

But Putin has not stopped at legislative measures. He has long been accused of murdering rivals, both at home and abroad. Most recently, Putin has criminalized organizations tied to the opposition and has imprisoned their leader, Alexei Navalny, who was the target of two assassination attempts.

Despite a clampdown on activism, Russians have repeatedly proved willing to take to the streets to make their voices heard. Thousands demonstrated in the summer and fall of 2020 to support a governor in the Far East who had beaten Putin’s pick for the position only to be arrested, ostensibly for a murder a decade and a half earlier. Thousands more came out last spring to protest against Navalny’s detention.

Putin has even begun facing challenges from traditionally subservient political parties, such as the Communist Party and the nationalist Liberal Democratic Party.

Flickers of opposition

Importantly, Putin has occasionally shown a willingness to back down and change his policies under pressure. In other words, as much as Putin has limited democracy in Russia, opposition has continued to bubble up.

The result is a president who feels compelled to win over at least a portion of his domestic audience. This was clear in the impassioned address Putin made to the nation setting the stage for war. The fiery hourlong speech falsely accused Ukrainians of genocide against ethnic Russians in eastern Ukraine. “How long can this tragedy continue? How much longer can we put up with this?” Putin asked his nation.

Since Russia invaded Ukraine, Russians have continued to show their willingness to stand up to Putin. Thousands have gathered to protest the war in Ukraine, despite risking large fines and jail time.

They have been aided by a network of “hacktivists” outside Russia using a variety of tactics to overcome the Kremlin’s mighty propaganda machine. These groups have blocked Russian government agencies and state news outlets from spreading false narratives.

Controlling the narrative

Despite these public showings, the liberal opposition to Putin is undoubtedly weak. In part, this is because Putin controls state television, which nearly two-thirds of Russians watch for their daily news. Going into this war, half of Russians blamed the U.S. and NATO for the increase in tensions, with only 4% holding Russia responsible.

This narrative could be challenged by the large number of Russians – 40% – who get their information from social media. But the Kremlin has a long track record of operating in this space, intimidating tech companies and spreading false stories that back the government line. Just on Friday state authorities said they would block access to Facebook, which around 9% of Russians use.

Putin has already shown he can use his information machine to convert past Western sanctions into advantage. After the West sanctioned Russia for its 2014 takeover of Crimea, Putin deflected blame for Russians’ economic pain from himself to foreign powers. The result may have fallen short of the classic “rally around the flag” phenomenon, but on balance Putin gained politically from his first grab on Ukraine. More forceful economic sanctions this time around may unleash a broader wave of nationalism.

More importantly, sanctions have a long track record of weakening political freedoms in the target state. As the situation in Russia continues to deteriorate, Putin will likely crack down further to stamp out any signs of dissent.

And former Russian president Dmitry Medvedev reacted to the country’s expulsion from the Council of Europe by suggesting Russia might go back on its human rights promises.

Another casualty of the war

This has already begun.

In the first week of the war, Russian authorities arrested more than 7,000 protesters. They ramped up censorship and closed down a longtime icon of liberal media, the Ekho Moskvy radio station. The editor of Russia’s last independent TV station, TV Dozhd, also announced he was fleeing the country.

Russia already ranked near the bottom – 150 out of 180 – in the latest Reporters Without Borders assessment of media freedom. And a new law, passed on March 4, 2022, punishes the spread of “false information” about Russia’s armed forces with up to 15 years in jail.

Ironically, then, the very sanctions that encourage Russians to attack the regime also narrow their available opportunities to do so.

Ultimately, the opposition seen on the streets in Russia today and perhaps in the coming weeks may be the greatest show of strength that can be expected in the near future.

The West may have better luck using targeted sanctions against those in Putin’s inner circle, including Russia’s infamous oligarchs. But with their assets hidden in various pots around the world, severely hurting these actors may prove difficult.

Even in the best of circumstances, economic sanctions can take years to have their desired effect. For Ukrainians, fighting a brutal and one-sided war, the sanctions are unlikely to help beyond bolstering morale.

The danger is that these sanctions may also make average Russians another casualty in Putin’s war.

[The Conversation’s Politics + Society editors pick need-to-know stories. Sign up for Politics Weekly.]

This article is republished from The Conversation BY Brian Grodsky, University of Maryland, Baltimore County under a Creative Commons license. Read the original article.

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Business, News, Observation, Politics, Stock Market

Starbucks Profits Soar by 31%—But It’s Raising Prices Anyway

Video

One critic said the company’s explanation for the coming price hikes amounts to “word salad to hide corporate greed.”‘

Above: Photo collage Lynxotic /Pexels / Adobe Stock

Starbucks on Tuesday reported a 31% increase in profits during the final three months of 2021, but the massive Seattle-based coffee chain nevertheless announced plans to further hike prices this year, drawing outrage from critics who say the company is pushing higher costs onto consumers to pad its bottom line.

“Corporations are jacking up prices on consumers and using concerns about inflation as cover to do so.”

Starbucks CEO Kevin Johnson—who saw his compensation soar by 39% to $20.4 million in 2021—told investors during the company’s earnings call Tuesday that “supply-chain disruptions” and rising labor costs are to blame for the coming price increases, of which he suggested there will be several.

“We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures including inflation,” said Johnson, who also touted the company’s “strong revenue growth” in the quarter.

Starbucks’ revenue grew to $8.1 billion at the tail-end of 2021, a 19% jump compared to the previous year.

To progressive observers, Starbucks’ announcement of price hikes fits a pattern of U.S. corporations—in sectors across the economy—raising costs for consumers while raking in record profits, boosting executive pay, and squeezing regular employees. Starbucks employees nationwide are increasingly fighting back against their low wages and poor working conditions by launching union drives.

Historian Andy Lewis argued that Starbucks’ explanation for the impending price increases amounts to nothing more than “word salad to hide corporate greed.”

The consumer advocacy group Public Citizen, for its part, responded with outrage to Starbucks increasing prices for customers after giving its CEO a nearly 40% raise last year.

During testimony before the House Energy and Commerce Committee on Wednesday, Rakeen Mabud of the Groundwork Collaborative noted that “in sector after sector, in company after company, corporations are jacking up prices on consumers and using concerns about inflation as cover to do so.”

“We see that in Kimberly-Clark taking advantage of the pandemic to raise prices on masks,” the economist said. “We see Proctor & Gamble using the fact that they sell essential goods that families depend on like diapers to raise prices in this moment of crisis. And we even see companies like McDonald’s raising prices on consumers even as they enjoy massive increases in sales.”

“So in short,” Mabud added, “this is a really broad-based problem—it’s unfortunately not limited to a specific sector of the economy.”

Originally published on Common Dreams by JAKE JOHNSON and republished under a Creative Commons license (CC BY-NC-ND 3.0)

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Breaking News, Business, Crypto, Elon Musk, Observation, Tesla

Elon Musk & Jack Dorsey finally agree to debate for the BitCurious

Above: Jack Dorsey & Elon Musk – Photo – various / tesla / Twitter / collage Lyxotic

Possibly staged “Twitter feud over BitCoin” leads to portentous upcoming event: “THE talk”

Although both Jack Dorsey, head of both Twitter and Square, and Elon Musk are long standing and staunch BitCoin advocates, a lot of chatter around the internet has painted Musk as having gone soft on the crypto currency.

Th narrative that has been put forth pits his loyalty to Bitcoin as somehow incongruous with his support for DogeCoin, the somewhat less serious AltCoin variant he has openly championed.

Intermingled with this straw-man charade, is the also over-hyped idea that the energy used by BitCoin mining is a factor in global warming and therefore a stain on Musk’s otherwise high profile positive sustainable energy resumé.

While many article have shown this argument to be blown out of proportion at best, apparently the whole world (China, if you’re listening) has seized on this talking point as a way to damage BitCoin’s popularity and pedigree.

The attempt to use this argument to undermine BitCoin’s adoption progress and futuristic pedigree appears to have already backfired, however. For example, at the recent BitCoin conference in Miami, Jack Dorsey announced plans to invest in a sustainable energy powered BitCoin mining facility.

Elon Musk has also stated via his twitter account that Tesla would resume accepting BitCoin payments, as soon as more miners switch to renewable energy. This coming after he had announced, to great fanfare, that Tesla would accept the cryptocurrency and then, in May, reversed the decision after backlash from those who pounced on the issue to try to tarnish Tesla’s sterling reputation as a proponent of the transition to sustainable energy.

The hype is warranted and the buzz can begin

Though not yet confirmed 100%, the Twitter exchange between the two titans implied that the “talk” would take place in conjunction with the “The B Word” BitCoin conference, which kicks off on July 21, 2021. Sponsored by Ark Invest, Square and Paradigm, the big name speakers and hype already building, along with the timing, coming on the heels of a huge peak then “crash” in the crypto markets, looks to be a watershed event for Bitcoin and cryptocurrencies in general.

Details on whether the exchange between the two will be live on stage or via video conference have, as of yet, not been revealed.

Twitter and Square CEO Dorsey tweeted Thursday about an upcoming “The B Word” bitcoin event, and Musk responded to it. It’s unclear if the event, which kicks off on July 21, will be virtual or in-person.

The potential for drama as the two discuss a topic on which they, for the most part agree, is a smart way to hype the event, both the conference itself and the monumental meeting for “THE Talk”.

Regardless of any fireworks or revelations coming out of the event and the meeting between these two incredibly influential business leaders, the upshot is that all of the above is a net positive for BitCoins progress toward more widespread adoption and acceptance.

Critical mass may already been achieved for crypto in the US

The overly manic focus on price fluctuations notwithstanding, there is a rapidly growing sense that the #1 cryptocurrency as well as all related coins and activities are reaching the point, in the US, that it will be impossible to return the genie to the bottle.

Any attempt to block or outlaw, in totality, the emerging world of crypto-finance, is likely to fail. Realizing this there appears to be a faint whisper of capitulation on the part of both the government in the US and among the “old guard” establishment, namely Wall Street.

Dorsey’s take, as quoted from his appearance at the BitCoin conference in Miami:

  • “Governments are trying to block cryptocurrency use to avoid losing hold of power”
  • “It can’t, and it never will.” — musing on the likelihood of Wall Street controlling bitcoin.
  • “That’s why we don’t deal with any other currencies or coins — because we’re so focused on making bitcoin the native currency for the internet.” — when asked about payments provider Square’s ambitions for bitcoin.

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Observation, Politics

As Trump Flees to Florida, Memes Follow

First a middle-finger toward tradition by skipping the Inauguration, then reactions to the entire debacle begin

So much to unpack – like an abused child we all stand in seeming disbelief as the maniac-in-chief finally recedes from view. Thanks to twitter for giving us a well deserved foretaste of a Trump-less future by deleting his account a week-plus ago.

In typical fashion Trump took a government jet to Mar-a-lago while making sure that Biden did not receive the customary loan of any government jet and had to fly private. Many will take solace in the uncertain and unlikely to be pleasant future for the accused insurrectionist, and still many more have celebrated, how else, with twitter memes specially designed for the occaision. Below we’ve gathered a few:

https://twitter.com/jmckelvey1979/status/1351885127287246849?s=20
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