Mainecat Posted April 1, 2024 Posted April 1, 2024 (edited) 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 Edited April 1, 2024 by Mainecat Quote
Mainecat Posted April 1, 2024 Author Posted April 1, 2024 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 Quote
USA Donating Member Crnr2Crnr Posted April 1, 2024 USA Donating Member Posted April 1, 2024 see the tnw thread... Quote
USA Donating Member Cold War Posted April 1, 2024 USA Donating Member Posted April 1, 2024 It is worse than I thought. How sad and pathetic some peoples lives are. Quote
Platinum Donating Member Steve753 Posted April 1, 2024 Platinum Donating Member Posted April 1, 2024 19 minutes ago, Cold War said: It is worse than I thought. How sad and pathetic some peoples lives are. Why's that? Quote
Mainecat Posted April 2, 2024 Author Posted April 2, 2024 1 hour ago, Steve753 said: Why's that? He owns shares. 1 Quote
s pump Posted April 11, 2024 Posted April 11, 2024 On 4/1/2024 at 6:46 PM, Steve753 said: Why's that? Who are you? Quote
Platinum Donating Member Steve753 Posted April 11, 2024 Platinum Donating Member Posted April 11, 2024 24 minutes ago, s pump said: Who are you? Steve. Who the fuck are you? Quote
s pump Posted April 11, 2024 Posted April 11, 2024 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 Quote
Platinum Donating Member Steve753 Posted April 11, 2024 Platinum Donating Member Posted April 11, 2024 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. Quote
USA Donating Member Deephaven Posted April 11, 2024 USA Donating Member Posted April 11, 2024 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. Quote
Platinum Donating Member Steve753 Posted April 11, 2024 Platinum Donating Member Posted April 11, 2024 3 hours ago, Deephaven said: Obviously share the same genetics with your wee dicked bro. Wait what? Quote
USA Donating Member Deephaven Posted April 11, 2024 USA Donating Member Posted April 11, 2024 15 minutes ago, Steve753 said: Wait what? Has the same insecure small dick behavior. Quote
Platinum Donating Member Steve753 Posted April 11, 2024 Platinum Donating Member Posted April 11, 2024 Just now, Deephaven said: Has the same insecure small dick behavior. Who is he? Quote
USA Donating Member Deephaven Posted April 11, 2024 USA Donating Member Posted April 11, 2024 Semen pump Quote
Platinum Donating Member Steve753 Posted April 11, 2024 Platinum Donating Member Posted April 11, 2024 Just now, Deephaven said: Semen pump Nevermind. Quote
s pump Posted April 13, 2024 Posted April 13, 2024 On 4/11/2024 at 1:55 PM, Steve753 said: For one, Im not a groomer. Grumer? Quote
Platinum Donating Member Steve753 Posted April 15, 2024 Platinum Donating Member Posted April 15, 2024 Ouch. 3 Quote
USA Donating Member Crnr2Crnr Posted April 15, 2024 USA Donating Member Posted April 15, 2024 11 minutes ago, Steve753 said: Ouch. beat me to it... it's almost reached Vipers buy in price target. 2 Quote
USA Donating Member akvanden Posted April 15, 2024 USA Donating Member Posted April 15, 2024 1 hour ago, Crnr2Crnr said: beat me to it... it's almost reached Vipers buy in price target. He's buying at $20, give it another day or two of 10% declines. Quote
USA Donating Member Crnr2Crnr Posted April 15, 2024 USA Donating Member Posted April 15, 2024 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... 2 Quote
USA Donating Member Crnr2Crnr Posted April 15, 2024 USA Donating Member Posted April 15, 2024 dilution... issuing another 21.5M shares. oh, the f'ng hilarity of it all. Quote
USA Donating Member Crnr2Crnr Posted April 15, 2024 USA Donating Member Posted April 15, 2024 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 1 Quote
USA Donating Member akvanden Posted April 15, 2024 USA Donating Member Posted April 15, 2024 I don't foresee any stock buybacks in the future. Quote
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