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