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Trump's Truth Social new financials posted today, its worse than you think


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Trump's Truth Social new financials posted today, its worse than you think

Trump's Truth Social company posted its new financials to the SEC today.

The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.

Market cap is > $6 billion.

(This isn't an April 1 joke.)

https://t.co/8MrCbNDHiT
 

image.png.4f7378cde1589e43e16c918c88752c99.png

 

Edited by Mainecat
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Poor Donnie carrot head…

Trump's media company lost $58 million in 2023

Source: CNN Business

Updated 11:32 AM EDT, Mon April 1, 2024 


New York CNN — Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023. The figures underscore why some experts warn Trump Media’s multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.

In a regulatory filing on Monday, Trump Media said it lost $58.2 million in 2023, compared with a profit of $50.5 million in 2022. The Truth Social owner generated just $4.1 million in revenue, although that was up from $1.5 million in 2022.

The losses are so severe that Trump Media’s accountants warn they “raise substantial doubt about its ability to continue as a going concern,” which is Wall Street for: We may not be able to stay in business (sic). That warning echoes one made in November when accountants said Trump Media might not survive unless it soon completes its merger to go public.

That long-delayed deal was completed last week, paving the way for Trump Media to receive an influx of approximately $300 million in cash. Shares of Trump Media tumbled more than 15% Monday morning following the new filings. 

Read more: https://us.cnn.com/2024/04/01/media/truth-social-trump-media-stock-losses/index.html

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  • Platinum Contributing Member
19 minutes ago, Cold War said:

It is worse than I thought. How sad and pathetic some peoples lives  are. 

Why's that? 

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  • 2 weeks later...
  • Platinum Contributing Member
24 minutes ago, s pump said:

Who are you?

Steve. Who the fuck are you?

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Just now, Steve753 said:

Steve. Who the fuck are you?

I am a highly regarded, semi professional snowmachiner who would school you any way, day or season Groomer

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  • Platinum Contributing Member
9 minutes ago, s pump said:

I am a highly regarded, semi professional snowmachiner who would school you any way, day or season Groomer

For one, Im not a groomer. 

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24 minutes ago, s pump said:

I am a highly regarded, semi professional snowmachiner who would school you any way, day or season Groomer

Obviously share the same genetics with your wee dicked bro.

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  • Platinum Contributing Member
3 hours ago, Deephaven said:

Obviously share the same genetics with your wee dicked bro.

Wait what?

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  • Platinum Contributing Member
Just now, Deephaven said:

Has the same insecure small dick behavior.

Who is he?

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1 hour ago, Crnr2Crnr said:

beat me to it... :roflcrying:

it's almost reached Vipers buy in price target. :lmao:

He's buying at $20, give it another day or two of 10% declines. 

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Just now, akvanden said:

He's buying at $20, give it another day or two of 10% declines. 

wonder if he'll use Woolie as his broker... 

  • Haha 2
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Marjorie Taylor Greene won’t say what happened to her Trump Media stock 

Greene bought shares of DWAC on Oct. 22, 2021, just days after the merger announcement, in an amount ranging from $15,000 to $50,000, according to her official congressional financial disclosure filings. The DWAC stock opened up trading that day at $118.80 and finished around $67.

https://www.cnbc.com/2024/04/12/marjorie-taylor-greene-wont-say-what-happened-to-her-trump-media-stock-.html

:lol2:

  • Haha 1
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  • Trying to pay the bills, lol

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