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2023-07-16 22:54:21 UTC
Mike Lindell Reveals MyPillow Has Lost $100M as He Auctions Off Equipment
Mike Lindell has claimed the company "lost $100 million" after major
retailers stopped stocking its products in response to his vocal support
for the discredited conspiracy theory that the 2020 presidential election
was stolen from Donald Trump.
Due to its difficult financial situation, the company is currently selling
hundreds of pieces of surplus equipment on the online auction site K-Bid,
and subleasing manufacturing space.
Trump is continuing to insist the 2020 presidential contest was rigged
against him, despite the claim being repeatedly rejected in court and by
independent and even Republican-leaning legal experts. Special Counsel
Jack Smith is investigating whether Trump broke the law in his bid to
overturn the election, including his role in the January 6, 2021, storming
of Congress by Trump supporters.
Speaking to the Minnesota-based newspaper Star Tribune, Lindell said
MyPillow was hit with a "massive, massive cancellation" after his election
fraud claims.
"We lost $100 million from attacks by the box stores, the shopping
networks, the shopping channels, all of them did cancel culture on us," he
said.
Newsweek reached out to MyPillow and Mike Lindell via the contact form on
the official MyPillow website for comment.
Lindell provided financial backing for legal efforts to reverse the 2020
election outcome and the MyPillow logo was included on TrumpMarch.com, a
website promoting the January 6 rally that led to the riot at the U.S.
Capitol.
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MyPillow was later dropped by a number of major retailers, including Bed
Bath & Beyond and Kohl's.
In response, Lindell told Star Tribune that MyPillow had shifted its focus
to direct sales via television and email marketing and is subleasing some
of its former manufacturing space in Shakopee, Minnesota.
"We kind of needed a building and a half, but now with these moves we're
making, we can get it down to our one building," he said.
Read more
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election
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Mike Lindell's $5 million fail spurs jokes and mockery
Some 854 pieces of equipment are currently being sold by MyPillow on K-
Bid, ranging from vans and forklifts to sewing machines and flat boxes.
Lindell told the newspaper that the equipment will need to be replaced if
the major retailers "ever come back."
Dominion Voting Systems is suing Lindell and a number of other Trump
allies for $1.3 billion in response to unfounded claims that polling
machines produced by the company were involved in rigging the 2020
election. Lindell has denied any wrongdoing.
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In April, Fox agreed to pay Dominion $787.5 million to settle a defamation
lawsuit caused by Fox News hosts and guests baselessly accusing the
company of working to rig the election against Trump.
Responding to the verdict, Dominion attorney Justin Nelson said: "People
across the political spectrum can and should disagree on issues, even of
the most profound importance. But for our democracy to endure another 250
years and hopefully much longer, we must share a commitment to facts."
Mike Lindell has claimed the company "lost $100 million" after major
retailers stopped stocking its products in response to his vocal support
for the discredited conspiracy theory that the 2020 presidential election
was stolen from Donald Trump.
Due to its difficult financial situation, the company is currently selling
hundreds of pieces of surplus equipment on the online auction site K-Bid,
and subleasing manufacturing space.
Trump is continuing to insist the 2020 presidential contest was rigged
against him, despite the claim being repeatedly rejected in court and by
independent and even Republican-leaning legal experts. Special Counsel
Jack Smith is investigating whether Trump broke the law in his bid to
overturn the election, including his role in the January 6, 2021, storming
of Congress by Trump supporters.
Speaking to the Minnesota-based newspaper Star Tribune, Lindell said
MyPillow was hit with a "massive, massive cancellation" after his election
fraud claims.
"We lost $100 million from attacks by the box stores, the shopping
networks, the shopping channels, all of them did cancel culture on us," he
said.
Newsweek reached out to MyPillow and Mike Lindell via the contact form on
the official MyPillow website for comment.
Lindell provided financial backing for legal efforts to reverse the 2020
election outcome and the MyPillow logo was included on TrumpMarch.com, a
website promoting the January 6 rally that led to the riot at the U.S.
Capitol.
SIGN UP FOR NEWSWEEKS EMAIL UPDATES >
MyPillow was later dropped by a number of major retailers, including Bed
Bath & Beyond and Kohl's.
In response, Lindell told Star Tribune that MyPillow had shifted its focus
to direct sales via television and email marketing and is subleasing some
of its former manufacturing space in Shakopee, Minnesota.
"We kind of needed a building and a half, but now with these moves we're
making, we can get it down to our one building," he said.
Read more
Mike Lindell reveals huge amount he's spent trying to overturn
election
Mike Lindell offers Tucker Carlson a job
Mike Lindell's $5 million fail spurs jokes and mockery
Some 854 pieces of equipment are currently being sold by MyPillow on K-
Bid, ranging from vans and forklifts to sewing machines and flat boxes.
Lindell told the newspaper that the equipment will need to be replaced if
the major retailers "ever come back."
Dominion Voting Systems is suing Lindell and a number of other Trump
allies for $1.3 billion in response to unfounded claims that polling
machines produced by the company were involved in rigging the 2020
election. Lindell has denied any wrongdoing.
ADVERTISING
In April, Fox agreed to pay Dominion $787.5 million to settle a defamation
lawsuit caused by Fox News hosts and guests baselessly accusing the
company of working to rig the election against Trump.
Responding to the verdict, Dominion attorney Justin Nelson said: "People
across the political spectrum can and should disagree on issues, even of
the most profound importance. But for our democracy to endure another 250
years and hopefully much longer, we must share a commitment to facts."