Mike Lindell says he had to borrow $10 million last year to keep MyPillow afloat — and is running out of cash, too

Yahoo News via Business Insider ^ | 03/16/2023 | Cheryl Teh

[SeekAndFind]

* MyPillow CEO Mike Lindell told Insider he had to borrow $10 million in 2022 to keep MyPillow afloat.

* Lindell said he'd also sold a building for $2 million and borrowed a further $2 million for himself.

* Lindell says he's burning through $1 million dollars every month on causes related to voter fraud.

* Mike Lindell, the CEO of MyPillow, says he had to borrow $10 million in 2022 just to keep his pillow company afloat.

Speaking to Insider on Wednesday night, Lindell said that to keep MyPillow going, he borrowed "about 4 million in May, 2 million in the summer, and 4 million in September."

And on top of that, Lindell said he's personally been borrowing money to stay liquid, too.

"I sold a building I had in Savage, in Minnesota, in October," Lindell told Insider. "And I had to borrow 2 million too. I've spent it all on fighting for this country."

Lindell told Insider that some creature comforts — like his private jet, which had a door come off it in October — haven't been sold yet.

"I have to get around, you know," Lindell said.

Lindell declined to reveal who loaned him the money but told Insider that a majority of the borrowed cash had gone to defending MyPillow against the lawsuits filed against the company. One of the major ongoing lawsuits is a $1.3 billion defamation lawsuit from Dominion Voting Systems, which cites both MyPillow and its owner, Lindell, in the case.

[ProgressingAmerica]

"Think about it for a moment."

I've been thinking about it for nearly fifteen years now. Money is not the most important thing in the world. Trump was one of the best presidents of the last how many decades, and he's the only president to my knowledge who has lost significant amounts of personal wealth since leaving office.

Every other president I can think of got richer after leaving the office.

I could easily charge money for the historical audiobooks I produce. It makes more sense, I can reach far more people, when I give them away freely as open source. The biggest problem we face as a people is an maleducated populace from government schools.

"But when your deliberately associate your business with a specific political cause, you instantly lose half your customer base"

That depends on the industry. Big Tech has not lost the overall of its conservative consumer base. They have found they can keep offending us in the worst ways, and it's not going to matter.

[dfwgator]

Trump also lost a lot of friends. Black people absolutely loved the guy. There are plenty of pictures of Trump hanging out, smiling with Jessie Jackson and Al Sharpton.

[1Old Pro]

One only wonders how much of his MyPillow cash was blown buying unsaleable sheets and shoes

The sheets are nice, I wouldn't touch the slippers.

[Glad2bnuts]

How do you win elections to put more Americans in charge, when all the current crop has to do is manipulate the machines.

I don’t know how you can say the machines are not the problem. If it is easily manipulated, it should not be part of the system. Hand count, it is not that hard. Voting day only, only provable citizens with ID as they get a ballot. Put cameras in all places that handle or count ballots. Put the cameras on the internet. Use the same system as Vegas does to cut out cheating. You don’t need Republicans to run things to do that. Put forward the proposition, and sell it to a majority of all voters.

Mike Lindell did not pick a side for his business, they forced him into that as they removed his products from stores. His work absolutely proves that the machines were programmed to add votes and subtract them. Support him to the hilt, or sit back and use the same BS line, “we must get more Republicans elected”. You cannot get change, when the people who count the votes are against change.

[srmanuel]

Your argument is counterintuitive you propose putting a proposal to the voters and then say the election system is corrupted because of the machines, how do you think the votes will get counted in your proposed election ??

By the very same machines to complain about.

Machines are not free thinking objects they have to be programmed to manipulate the votes ?? How does that programming happen, by people for political reasons

Getting rid of the machines but keep the same people and election systems and the results won’t change

[Miami Rebel]

Trump has NOT been bankrupt many times...or even once. Businesses with which he has been involved (sometimes only tangentially) have occasionally run into troubles, but overall his business track record is enviable.

[EBH]

Although Trump has never filed for personal bankruptcy, he has reportedly filed for business bankruptcy at least four times.

[Reynoldo]

“ He proved his point, the machines are fixed. He is a hero in my eyes. “

No, he did NOT prove the point. In fact it’s going to cost him another $5,000,000 because he could NOT prove the Dominion meme.