All errors should be reported to DonSurber@gmail.com

Saturday, October 24, 2020

Today in Trumpenfreude



Trumpenfreude is when something bad happens to people who go out of their way to trash Donald John Trump. The comeuppance of some rich folk is sweeter than wine. Today's loser is a multi-billionaire who the New York Times listed in 2008 among those most likely to become the first woman president.

It's Meg Whitman, who successfully ran eBay for 10 years before running for governor of California in 2010. This politically savvy businesswoman spent $144 million of her own money to lose to Jerry Brown by 13 points.

She moved on to Hewlett-Packard, turned its profits into losses, and resigned.

Then she helped launch Quibi, a $1.5 billion business venture.

The Hollywood Reporter reported on Friday, "The shortform entertainment platform, winding down Dec. 1, will leave about 250 employees looking for new jobs: 'It's a shock for a lot of people.'

"On Wednesday afternoon, Jeffrey Katzenberg donned a suit and tie and joined an emotional video conference with the staff of Quibi from his Bel Air home. Together with Quibi CEO Meg Whitman, he confirmed the news that had been swirling for the past few hours: Their 6-month-old mobile video service would be shutting down after struggling to attract an audience for its shortform entertainment programming.

"Many Hollywood observers had been predicting Quibi's demise since the moment Katzenberg first made his plans for the ambitious startup known, but that didn't make the news any less surprising to the employees who had been in the trenches with him for the past two years, many of whom are fiercely loyal to the mogul and devoted to the business they helped to build. 'This is not how they wanted it to go,' says a person who has done business with Quibi. Another knowledgeable source, who calls the shutdown 'a shock for a lot of people,' describes it as a sad moment for the legions of hungry young Hollywood workers who took jobs at Quibi with ambitions to build the next big entertainment company."

Two months before her company collapsed. Whitman announced at the DNC that she would support Biden. In 2016, she endorsed Hillary. The next year, she lost her gig at Hewlett-Packard. Hmm. Whitman claims to be a Republican. Hmm, hmm. Now she has lost a second business. Hmm, hmm, good.

At the DNC in August, she said, "Donald Trump has no clue how to run a business, let alone an economy. Joe Biden, on the other hand, has a plan that will strengthen our economy for working people and small business owners. For me the choice is simple. I'm with Joe."

The Register reported, "It was on Whitman’s watch [as head of Hewlett-Packard] that the company made one of the worst tech acquisitions of all time, buying software maker Autonomy for $11 billion. It wrote down the value of the purchase by a whopping $8.8 billion a year later."

Even at his nadir in the 1990s, The Donald was down only a billion dollars. And it was his own money, not hapless shareholders.

He bounced back.

Hewlett-Packard did after it jettisoned Whitman.

Quibi won't be back.

The name Trumpenfreude is itself an act of Trumpenfreude as a reader recommended I swipe it from Paul Krugman, the worst economist in the world.

On December 23, 2015, Krugman coined the word, writing, "You know what I’m talking about, of course — that feeling of glee mixed with fear as one watches the cynical race-baiting of the Republican establishment finally come home to roost, confirming that you were right to be shrill (and the centrists were naive), but with the slight admixture of panic because one of these guys might actually become president."

I would add Whitman to the Official Trumpenfreude List but after 118 names, it became a chore. I'm retired. I will update it right after a nap. (Notice I didn't say which nap in which year.)

For now, just enjoy that multi-billionaire Meg Whitman has Trumpenfreuded twice. The first time losing her job as Hewlett-Packard CEO after endorsing Hillary. And now she has lost her job as Quibi CEO after endorsing Biden.

Betting against Donald Trump can be quite expensive.

40 comments:

  1. Couldn't happen to a nicer person.

    ReplyDelete
    Replies
    1. She paid $59 a vote to try and win in CA. She is inept,

      Delete
  2. Quibi just like many other web-services are a sham to sell to Google. Minecraft broke the market when Microsoft bought it for 3 billion, so now everyone's trying to create whatever big tech will buy.

    ReplyDelete
  3. Thanks a million Don. we have been waiting very patiently for an updated notice on Trumpenfuede or whatever you call it. Still waiting however for some nationally known news source to call out paul krugman for being so totally wrong about trump ruining the economy and stock market back in 2016. Problem is these cheese brained liberals have NO shame.

    ReplyDelete
    Replies
    1. The Left will forever have Trumpis Envy.

      Delete
    2. Wasn't Krugman an Economic advisor to Enron?

      Delete
    3. Yes he was MAJMike. But being liberal, he gets a pass on that.

      Delete
    4. And now you know why the putz shills so hard for leftists. Like those frantically feeding the alligator, in the hopes he will be the last eaten.

      Delete
    5. Krugman got his Nobel Prize in Economics AFTER Enron collapsed. These weasels sure look out after each other and think everybody else is an idiot.

      Delete
  4. It might help matters if the company's name was pronounceable. Kwee-Bee? Kew-Bee, Kwibbee? WTF marketing geniuses?

    ReplyDelete
    Replies
    1. "Canton" is far easier to say than "GuangZhou."

      Delete
    2. "Queer Bee," I believe is what I heard someone say at a fabulous Hamptons cocktail party this summer, to which I was not invited.

      ***

      "I would add Whitman to the Official Trumpenfreude List but after 118 names, it became a chore. I'm retired. I will update it right after a nap. (Notice I didn't say which nap in which year.)"

      Great sign in a bar in NH: "Free beer served here tomorrow."

      (No matter what day you arrive, it will always be "tomorrow." NO BEER SOUP FOR YOU!)

      I kept my own list of people whose careers and lives were either damaged or destroyed due to their proximity (greed-fueled) /allegiance (foolish) to the Clintons.

      I too gave it up, I think after about 250 bodies piled up in Little Rock, the Rose Garden, and in Chappaqua (the Clinton Foundation at the height of its grandiose existence had eighteen funeral homes on retainer).

      Started a Me-Too list, which I kept current for about 18 months. What a disgusting chore to type the letters, "L-a-u-e-r" and "W-e-i-n-s-t-e-i-n," let me tell you.*

      Next year, after my nap, I'm erecting the official U.S. Post Office Wall Wall separating the United States and Mexico, and everybody on all the lists will be engraved into the fine Italian marble with which we shall erect this glorious barrier to illegal immigration.

      Call me if you happen to see your name on it, and we'll chisel it out. NO DOUBLE JEOPARDY SOUP FOR YOU!

      Don Reed

      *Spellcheck told me that "W-e-i-n-s-t-e-i-n" wasn't in the software dictionary. "I know. Haven't you heard? He's in jail," I said.

      Delete
  5. I just love to read about has-been losers like Whitman trying to virtue-signal her way back to relevancy. Thanks for a good laugh.

    ReplyDelete
  6. First Woman President-Christi Noem....

    ReplyDelete
    Replies
    1. Could also be Nikki Haley, although she sort of shot herself in the foot with the flag controversy at the state house.

      My wife was irked by a comment Kristie Norm made during her convention speech about us "common" people.

      Delete
    2. Noem is way up on my list. Haley has had some disturbing deep state moments buried because of some excellence as UN ambassador.

      Delete
    3. IMHO, Hsley is a Bush Babe. Nuff said

      Delete
    4. She would be a great choice.

      Delete
    5. Could this have been what your wife heard
      https://www.breitbart.com/politics/2020/08/26/kristi-noem-common-american-is-hero/

      Delete
  7. I am hoping that Don will eventually commission a MAGAnificent silver cup that he will donate to the eventual Trump Presidential Library in a manner similar to that of Lord Stanley and the NHL. Upon this MAGAnficent chalice shall be engraved the names of those worthies who attempted to match wits with our VSG POTUS...it could be called either the Surber Cup or the Trumpenfreude Trophy, take your pick.

    If so, I have a nominee that is closely following the footsteps of MAGAnificent Meg and that is the CEO of Expensify who just emailed 10 million of his customers and directed them to vote for the Very Unstable Guy from Delaware...the stupidity is strong with this one. I await anxiously the predictable results of this maneuver, but Don I think you can start engraving his name on the Cup forthwith!

    ReplyDelete
  8. What the hell is wrong with femal ex-CEO’s of HP? Carly Fiorina, Former republican presidential candidate and Vice President select for candidate Ted Cruz is also supporting Slow Joe for president.

    ReplyDelete
    Replies
    1. The fruits of Feminazi ideology, preached by nuts.

      Delete
    2. Make that "feral ex-CEOs..."

      DR

      Delete
  9. Buzz Lightyear’s lesser-known sister Biz ... “To Oblivion and Beyond!”

    ReplyDelete
  10. Not sure why these female execs, (or male for that matter), are so tied to the Dems. It has to be the blinders they wear for everyday life. Or is it fear from discretion from their peers? Accepting DJT could put them over the top. But their concern is a big Queefi! Bring on the Trumpenfreude!!!!

    ReplyDelete
  11. Here's another for the record book:

    Breitbart: "The owner of New York City’s Strand Book Store pleaded with customers Friday to help save the business, saying its revenue dropped by 70 percent because of the pandemic.

    “Nancy Bass Wyden, wife of U.S. Sen. Ron Wyden, D-Ore., said loans and cash revenue allowed the bookstore to weather the last eight months but ‘we are now at a turning point where our business is unsustainable,’” according to Fox News."

    Ghosts don't buy books--and Democrats turned NYC into a ghost town on purpose. And this lefty book store supports their own demise.

    Time to turn the page, class.

    ReplyDelete
    Replies
    1. The Democrats are now the neo-KKK Know Nothings of the 1800's. Full circle went the wheel. Meanwhile, Senator Wyden of OREGON remains unperturbed about never-ending riots in his state. COMPLETELY unperturbed. You see, he's got a book store to save. So that rioters some day can burn it down.

      Don Reed

      Delete
    2. Yes--they went from Klan nightriders to Klantifa. Same old same old.

      Delete
  12. Meg Whitman run for California Governor was a case study in how stupid a Harvard MBA can possibly be. Run companies in the ground and then show up on "woke" boards like Dropbox and Proctor and Gamble. Investment strategy: anything she is involved in just walk away.

    ReplyDelete
  13. Meg laid off scores of 50+ folks while hiring kids to replace them right out of college. Shes a miserable hag who hugged Hillary after debate 3. Made me sick.

    Thanks for this story, made my night!

    ReplyDelete
  14. Damn, Hunter from Delaware,that sounds like a really good deal. Do you have any live links I can click on to learn more?

    ReplyDelete
  15. Don, after your nap, when you're adding Meg, don't forget to add Jeffrey Toobin too

    ReplyDelete
  16. >>> Seems like fake Republican women CEO's and Hewlett-Packard don't mix, eh Carly & Meg?! ZB

    ReplyDelete
    Replies
    1. Let us all not forget woke Marissa Mayer, Stanford University, who wrecked Yahoo. Bought Tumbler for 1.1 Billion, in a mere 3 years it was worth about 80% less.

      Delete
  17. The best two computers I've had were HPs. LOVED them, but technology moves on.
    These two females ruined HP! I despise them 😡🤢.

    ReplyDelete