Trump’s new media company, Trump Media & Technology Group, is a $1.6 billion mirage
Judd Legum writes: On Monday, Trump Media & Technology Group (TMTG) announced that Congressman Devin Nunes (R-CA) will be retiring from Congress to become the company’s CEO in January. Nunes has no experience in the media business and once sued a fictional cow for making fun of him on Twitter. Writing in Bloomberg, Matt Levine concludes there is “almost no sign that TMTG is actually building a social network or a streaming platform or anything else.” Nevertheless, TMTG projects 121…