General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMypillow loses 65 million in business over ceo's election fraud claims
Link to tweet
?s=19
https://www.newsweek.com/mike-lindell-admits-mypillow-cant-get-back-65m-revenue-lost-due-trump-ties-1580966?amp=1&__twitter_impression=true
Comfortably_Numb
(3,829 posts)TexasTowelie
(112,456 posts)Deb
(3,742 posts)How fitting.
malaise
(269,191 posts)hlthe2b
(102,383 posts)No tears shed for you.
patricia92243
(12,603 posts)Dave Starsky
(5,914 posts)They can make the same at Burger King and are probably better off not being exposed to all the environmental and safety hazards.
Jerry2144
(2,114 posts)That is true, but his employees can a job blowing buffalo a dollar a head and have more dignity than working for that assworm
BeerBarrelPolka
(1,202 posts)Is a pathological liar. I wouldn't believe anything he says.
smb
(3,475 posts)no_hypocrisy
(46,209 posts)mopinko
(70,248 posts)how and when are we gonna take that shit seriously?
like, not electing them prez any more. 2 out of 3 has not worked out well.
Boydog
(718 posts)djacq
(1,634 posts)LymphocyteLover
(5,654 posts)and deserves to lose money over this
ProfessorGAC
(65,213 posts)And, that company is valued at $152 million (or was) with a debt:equity 4.86 (per Moody's Credit Worthiness Audit).
A 40% loss in revenue sinks this company, because they only have $28 million in net income from operations, and there's $5 million in debt service, all overhead & marketing, all before taxes. (And the workforce size vs. revenue suggests the pay is crap to their workers.)
There is no way to sustain this loss in revenue.
They won't have the money to cover existing debt, and with a D/E close to 5, are close to tapped out at the banks.
This big mouth, know-nothing crack head ruined his own company. No sympathy here.
dalton99a
(81,605 posts)Vinca
(50,311 posts)Scottie Mom
(5,812 posts)Lie and go broke.
Botany
(70,590 posts)He wanted Donald Trump to declare martial law in order to stay in power.
LittleGirl
(8,291 posts)Just like the former Potus.
Botany
(70,590 posts)LittleGirl
(8,291 posts)samnsara
(17,643 posts)PTWB
(4,131 posts)Mr. Ected
(9,670 posts)Bad news: that a lying propagandist douchnozzle could accumulate $65M in assets to begin with.
NurseJackie
(42,862 posts)But, he'll probably find a way to grift off of the remaining gullible RW Qanon racist Trumpers. He'll join the esteemed group of colloidal silver snakeoil cure-all salesmen.
NewJeffCT
(56,829 posts)he's a proven liar like Trump saying he lost mythical billions by being president, while the reality showed his best 4 years of his life were while he was in office.
samplegirl
(11,504 posts)what he deserves. Hope he loses lots of sleep!
North Shore Chicago
(3,329 posts)Don't let trumps bedbugs bite!
GoCubsGo
(32,095 posts)More likely, word has finally spread about what over-priced piles of crap his products are.
Norbert
(6,041 posts)but it never is a good business plan to piss off at least 52% of the people in the US.
Progressive dog
(6,920 posts)toward the punishment he deserves.
marble falls
(57,280 posts)kskiska
(27,048 posts)pushing his product. Now he's even into slippers, in addition to towels and sheets, using the same chopped foam in the soles.
Blue Owl
(50,514 posts)Cha
(297,733 posts)the Treasonous Assface's Treasonous LIES was such a multi-million $$$$$ LOSS!