Last month Donald Trump received a much needed cash infusion after the board of directors for his social media platform, "Truth Social," agreed to a merger and voted to take the stock public [click here if you missed that].
After a robust initial public offering, Security and Exchange Commission filings showed Truth Social lost $58 million last year and the stock took a nosedive...
From Investors.com
Shares of Trump Media & Technology Group (DJT) dropped Monday as federal regulatory filings showed former President Donald Trump's social-media parent company lost more than $58 million in 2023.
DJT stock, which began trading on the Nasdaq last week, sank more than 21% to 48.66 amid heavy trading during market action Monday. Trump Media & Technology, the owner of Truth Social, reported Monday a loss of $58.19 million in 2023 on revenue totaling $4.13 million, up from $1.47 million in 2022, according to U.S. Securities and Exchange Commission (SEC) filings.
12 comments:
Bwahahahaha 🤣🤣🤣🤣ðŸ˜ðŸ˜…✌️❤️
God don't like ugly
I hope it drops a lil more so I can buy the dip. You buy on red days not on green days! You only lose money if you sell at a loss. Once the stock goes parabolic again, those who got out early will be sick! Don’t let nobody push you out your position. $58 million is chump change in the stock market. This is only news cause it’s Trump. Tesla loss $50 billion in one day & $94 Billion so far this year. You should’ve posted this about Elon snitch, but since it’s Trump well you know… never mind.
Trump is truly toxic. He only survives because he is a con artist who is a master at marketing and smoke and mirrors. The art of the STEAL grifter either bankrupts every project he gets or you end up in jail. That’s your two options with messing around with Don the Con. Broke or booked. May he absolutely cause MAGNA to lose every penny. Trump is a better Democrat than any of them, killed the whole Republican Party and replaced it with a brain dead cult. He out here doing the lord’s and the devils work all in one. ✅
9:31 ypu are the definition of exit liquidity. Trump and his cohorts will dump on ypur chest as soon as they’re able. But, DCA my friend — DCA. Nobody can talk you off your bags now so go ahead and double down 🤣🤣🤣🫠🫠ðŸ«
Tesla as a company still dominates the EV market and holds priceless patents. Truth social is a copycat of another failing platform thats struggling under a similar model. Despite the Elon of it all with twitter, truth social is not the same.
😂😂😂😂 and still mf's gon' die on that Trump hill..I mean 🕳️ðŸ˜ðŸ˜
To: 10:54 AM
Bingo! Let 9:31 AM be silly and purchase that failing app thinking buying low is going to get them a windfall. They will sadly be mistaken. Trump is over and there's no difference between him and that former lawyer, now inmate Alex Murdaugh. They're both criminal manipulators who'll use the assumption of power to convince people they're winners when it's all a lie. Trump lost the election but he'll keep telling people he won to get what he wants.
😂 😂 😂 😂 😂
@9:31 I Bet you also brought Trump steaks and bottled water. Did you attend Trump University?
Trump's business acumen 15 businesses went bankrupt, everything that man touches turns to shyt.
He is the biggest egg on yt face, that man should have never been president, besides Ronald Reagan two of the biggest disasters ever!!! Thank god it's the end of the pale race destructive rule on this planet.
Imagine electing someone to the highest office in the land, with absolutely no political experience, same as the actor that was elected, what could possibly go wrong lol
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