Mike Lindell Admits He's SOL on Getting Back $65M in Revenue Lost Due to Trump Ties

[Yo_Mama_Been_Loggin]

MyPillow CEO Mike Lindell admitted in a recent interview that his company won't be able to get back all of the $65 million in lost revenue that has come as a result of his close ties to former President Donald Trump and its promotion of groundless conspiracy theories about the 2020 election.

More than 20 retailers have removed MyPillow products from their shelves since January, among them Sam's Club, Kohl's and Bed, Bath & Beyond. Lindell first told Insider in February that his company had lost $65 million in revenue.

In a follow-up interview published on Sunday, the MyPillow CEO said that chunk of change was not coming back.

"We obviously can't get that back, we're going to lose that," Lindell told Insider. However, he said the company is working on a strategy to recoup at least some of the loss. The businessman pointed to growing revenue from podcast and radio ads.

https://www.msn.com/en-us/news/politics/mike-lindell-admits-mypillow-cant-get-back-dollar65m-in-revenue-lost-due-to-trump-ties/ar-BB1fin0k

[Midnight Writer]

1. Lindell is a lying Sack O' Shit.

Everything he says should be scrutinized carefully.

[LakeArenal]

2. His comments are not newsworthy. He should be ignored

[Initech]

3. So what's the over / under on when his "hack proof" social media site goes bust?

I give it a month, and that's being generous!

[USALiberal]

4. I bet he is lying about losses to get more sales. Nt

[BComplex]

5. The republican business people I know would just change the name of their company

and keep on doing business...trying to get their old customers back under a different name. And, yes, they lie about everything.

[WA-03 Democrat]

9. Agreed

Throw up a new sign and graft another day is the goal.

[ArizonaLib]

6. If he already has more money than he is ever going to spend does it matter?

Why can't these people who make that kind of money love the country they made it in? Do they really need to turn around and try to burn it down?

[Croney]

7. Had to Google SOL...

Decided it can't be sooner or later, must be shit outa luck. Well good.

[EYESORE 9001]

8. He's also made an infomercial that airs on a TV station in my local market

It came on one Sunday morning after the news, and I nearly broke my neck diving for the remote to change the channel. I complained to station management in an email, for all the good THAT will do.

[lame54]

10. 65 from 300 million...

Ching ching ching

[ProfessorGAC]

14. The $300 Million Is A Lie

The company carries a value of $152 million with revenues of $150 million.
The Debt:Equity is 4.86, so the actual value of equity is only $27-28 million.
The company is only 13 years old, and wasn't national until about 8 years ago.
The $300 million comes from an edit to his Wikipedia page, with reasonable suspicion that he is the one who made that edit.
It's essentially impossible that he could be worth that much.
IOW, he lies about his net worth. Sound familiar? LOL!
The net income, after taxes is only around $10 million.
Now, there's a hole in revenues to the tune of 40%+ of total.
His pissant junk shop is toast.
Given all these facts, the open question is who is really paying for the media platform & the idiotic "documentaries"? It isn't him.

[lame54]

17. Good to know...

Want to see him penniless

[PJMcK]

11. Hey, Lindell!

Nice job of screwing your employees and partners!

Well done. You took hold of a stupid lie and destroyed your company. Priceless.

By the way, did you read "The Art Of The Deal?" Your management style emulates Trump's so closely I figured you must have.

[aeromanKC]

12. A fool and his money.........

[Hugh_Lebowski]

13. Admitting that this money is gone forever is probably the sanest thing I've ever heard from him (nt)

[keithbvadu2]

15. His sales receipts will now have a repetitive payment, pre-checked block on them.

His sales receipts will now have a repetitive payment, pre-checked block on them.

[Ilsa]

16. I doubt rebranding under another name would help

him jumpstart sales again.

Can't feel sorry for him. Maybe for some workers, but not him.