Mike Lindell, the polarizing CEO of MyPillow, faces mounting legal and financial crises as his relentless promotion of 2020 election fraud theories backfires spectacularly. Once a Trump-endorsed success story, Lindell now grapples with collapsing business partnerships, multi-million-dollar lawsuits, and fading political relevance.
MyPillow’s Retail Exodus Accelerates
Major retailers including Walmart, Slumberland Furniture, and Bed Bath & Beyond severed ties with MyPillow in 2023 amid declining sales. Internal reports cited poor market performance rather than political backlash as the primary cause. By July 2023, Lindell auctioned off manufacturing equipment and subleased factory space to stay solvent.
$1.3B Dominion Lawsuit Reaches Critical Phase
Dominion Voting Systems’ defamation lawsuit against Lindell advanced in 2024, with damages potentially exceeding $1.3 billion. Court filings reveal Lindell continued promoting debunked election claims despite knowing they were false. “This isn’t about free speech—it’s about profiting from lies,” stated a Dominion spokesperson during preliminary hearings.
Failed Social Media Venture Drains Millions
Lindell’s “free speech” platform FrankSpeech hemorrhaged over $1 million monthly since its 2021 launch. Technical issues plagued the site, which cybersecurity experts called “a poorly coded YouTube clone.” Recent tax filings show Lindell liquidated personal assets to fund the failing venture.
Political Isolation Deepens
After receiving just four votes in his 2023 bid for Republican National Committee chair, Lindell’s influence within GOP circles has waned dramatically. Former allies now distance themselves from his conspiracy theories, with one strategist noting: “He’s become radioactive since Trump left office.”
Ongoing Legal Quagmires
- Faces FTC investigations over misleading MyPillow marketing claims
- Under scrutiny for alleged campaign finance violations in Colorado
- Multiple breach-of-contract lawsuits from former business partners
