Gee, imagine that, Trump losing money...again...
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"Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023. Former President Donald Trump is the company's majority shareholder, and his net worth tumbled by more than $1 billion Monday as a result.
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.
Not only that, but revenue tumbled 39% year-over-year in the fourth quarter to just $751,500. That's not what investors want to see from any start-up, especially one valued at these levels.
Shares of Trump Media tumbled 21% Monday following the new filings, though they are still up nearly 200% so far this year.
The losses disclosed Monday are so severe that Trump Media's accountants warned at the time 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. That warning echoes one made in November when accountants said Trump Media might not survive unless it soon completes its merger to go public."
Should cut back on the lawsuits?
From a previous thread:Quote from: dogwalker on Mar 26, 2024, 07:58 PM........Usually selling shareholders (prior to merger) can't sell shares for 6 months. However the Board of Directors can change that. So contrary to what I see in the news, Trump could cash out soon although usually that is not a good look when the major shareholder is selling.
https://fantasysaloon.com/index.php?msg=18033
Quote from: Blkfyre on Apr 01, 2024, 05:46 PMGee, imagine that, Trump losing money...again...
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https://www.cnn.com/2024/04/01/media/truth-social-trump-media-stock-losses/index.html
"Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023. Former President Donald Trump is the company's majority shareholder, and his net worth tumbled by more than $1 billion Monday as a result.
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.
Not only that, but revenue tumbled 39% year-over-year in the fourth quarter to just $751,500. That's not what investors want to see from any start-up, especially one valued at these levels.
Shares of Trump Media tumbled 21% Monday following the new filings, though they are still up nearly 200% so far this year.
The losses disclosed Monday are so severe that Trump Media's accountants warned at the time 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. That warning echoes one made in November when accountants said Trump Media might not survive unless it soon completes its merger to go public."
Do not underestimate Trump.
Everything Demoncrats have thrown at him has failed so far.
Thus all the lawsuits in mass designed to Break Trump to the point of not being able to Campaign.
Demoncrats have failed and will continue to fail.
ChinaBidens fundraising event was FAILING, thus Obama & Clinton had to step in to pulkl it off for ChinaBiden.
It is Crazy how some support the Communist Tactics this administration is using..
TRUMP Will PREVAIL...
TRUMP 2024
Quote from: Bande on Apr 02, 2024, 04:17 PMIt is Crazy how some support the Communist Tactics this administration is using..
Specifically, which "tactics" is the Biden administration using that you believe to be "communist?"
Quote from: Bande on Apr 02, 2024, 04:17 PM...ChinaBidens fundraising event was FAILING, thus Obama & Clinton had to step in to pulkl it off for ChinaBiden.
The MAGA talking point that Biden got illicit money from China is unsubstantiated. Whereas, it is documented, that Trump got over 5 million dollars from china during his presidency. Should be
"China Trump" not China Biden.
(We won't talk about Chinese trademarks to Trump's daughter Ivanka while she was a White House official.)
Quote from: Bande on Apr 02, 2024, 04:17 PMDo not underestimate Trump.
Everything Demoncrats have thrown at him has failed so far.
Thus all the lawsuits in mass designed to Break Trump to the point of not being able to Campaign.
Demoncrats have failed and will continue to fail.....
TRUMP Will PREVAIL...
Trump might prevail. Hitler prevailed, Putin is prevailing.
However, it is pure bullshit to say on Trump,
"Everything Democrats have thrown at him has failed so far." Pure bullshit. Trump would like to claim that it is all about the "Demon" Democrats are after him. Many (not most) longtime Republicans want him gone. Trump's own criminality has caused him all his legal problems. BTW, as previously discussed, the majority of the people testifying against Trump are lifelong conservative Republicans that voted for Trump.
Reported that Trump and the Republican committee raised $65.6 million in march with $93.1 million cash on hand.
Trump over all value may have gone down due to DEMONCRATS moves, Trump still going strong...
Trump for the constitution.
ChinaBiden for Communism.
TRUMP 2024
Quote from: Bande on Apr 03, 2024, 10:55 AMReported that Trump and the Republican committee raised $65.6 million in march with $93.1 million cash on hand.
Nobody ever said Trump was bad at raising money. Whether it's by selling gold shoes or repackaged Bibles or otherwise conning his supporters, he's a master shyster.
Quote from: Bande on Apr 03, 2024, 10:55 AMTrump for the constitution.
Trump pisses on the Constitution whenever it suits him. He disrespects the checks and balances by attacking the judiciary and Congress, and he takes gifts from foreign officials. That's just for starters.
Quote from: Bande on Apr 03, 2024, 10:55 AMTrump for the constitution.
Another one that you got assbackwards.
- Donald Trump Makes a Mockery of the Constitution Link (https://www.thenation.com/article/politics/donald-trump-makes-a-mockery-of-the-constitution/)
- Donald Trump faced rebuke from officials in both parties after calling for the "termination" of parts of the Constitution. Link (https://www.pbs.org/newshour/politics/trump-rebuked-for-call-to-terminate-constitution-over-2020-election-results)
- Trump calls to "terminate" Constitution. Link (https://www.youtube.com/watch?v=1p4hdDLau9I)
Quote from: Bande on Apr 03, 2024, 10:55 AMBiden for Communism.
Communism.
"You keep using that word. I don't think that word means what you think it means."Previous discussion on your using the word Communism. https://fantasysaloon.com/index.php?msg=18082
Quote from: bats on Apr 02, 2024, 06:20 PMSpecifically, which "tactics" is the Biden administration using that you believe to be "communist?"
What, no answer?
Now 2 have plead guilty to insider trading with regard to the DJT deal.
https://www.reuters.com/business/media-telecom/investor-company-that-took-trump-media-public-pleads-guilty-insider-trading-2024-04-03/
Criminals seem to be everywhere trump goes.
Quote from: bats on Apr 02, 2024, 06:20 PMSpecifically, which "tactics" is the Biden administration using that you believe to be "communist?"
Many smart people out here. Research and one will see.
Maybe speak to some from communist Countries and one will see.
Just like Putin. Mysteriously, Putins only opponent dies in custody.
What is happening with ChinaBidens only opponent? Seems to be coming out the Whitehouse is conspiring many of these lawsuits designed to break Trump.
Trump will WIN. People see this and turning to Trump everyday..
Bats, no matter what is presented you are so diluted, it would mean nothing.
Do not get me wrong all of politics is corrupt, some more than others.
Demoncrats have PUSHED the boundaries.
7 years and Demoncrats are still crying, and they still keep losing. Our Tax dollars being used wisely.
Next round of elections will show it...
Quote from: HighStepper on Apr 03, 2024, 12:21 AMTrump might prevail. Hitler prevailed, Putin is prevailing.
However, it is pure bullshit to say on Trump, "Everything Democrats have thrown at him has failed so far." Pure bullshit.
Hasn't been prosecuted for shit.
All the lies and fake testimonies that came to light and you seem good with that.
Now, I'am not saying the elections would not of changed, have you seen all the election fraud cases prosecuted for 2020. Georgia is one state, And Arizona another state..
Quote from: Bande on Apr 04, 2024, 12:01 PMBats, no matter what is presented you are so diluted, it would mean nothing.
You must have had
something in mind when you accused the Biden administration of using "Communist Tactics."
Even if I'm as "diluted" as you seem to think, others may not be!
Quote from: Bande on Apr 04, 2024, 12:01 PMJust like Putin. Mysteriously, Putins only opponent dies in custody.
What is happening with ChinaBidens only opponent? Seems to be coming out the Whitehouse is conspiring many of these lawsuits designed to break Trump.
Holding Trump accountable for his crimes has nothing to do with communism.
Despicable MAGA delusions try to compare Trump to Alexei Navalny. Some MAGA devotes compare Trump to Jesus.
Previously discussed in detail. https://fantasysaloon.com/index.php?msg=18082
Unlike the Trump presidency, Biden has stayed completely away from the DOJ prosecutions/indictments
Quote from: Bande on Apr 04, 2024, 12:12 PMHasn't been prosecuted for shit.
All the lies and fake testimonies that came to light and you seem good with that.
Now, I'am not saying the elections would not of changed, have you seen all the election fraud cases prosecuted for 2020. Georgia is one state, And Arizona another state..
MAGA devotees run and hide from the facts about the sworn testimony from longtime conservative Republicans that points to Trump's widespread criminality. What are the lies and fake testimonies of which you speak of?
60 lawsuits lost by Trump's crazy stolen election bullshit, and a host of Republicans that were in the Trump administration that pointed out the ludicrousness of a stolen election.
What are the lies and fake testimonies of which you speak of?
the ones they tell the cult on Fox Opinion channel
Watch out for those communists. You might just get social security, Medicare, interstate highways, public libraries. Just disgusting programs we all want eliminated!! Oh wait... Lol
fire dept, police. FEMA is huge
Simple minds come up with simple mantras that they chant over and over and over because they have no mental ability to judge anything for themselves other than what is shoved down their throat which they accept without gagging.
https://twitter.com/ZOEZANE/status/1776290731180851394
this explains why trump fails, ha ha ha, trump wrote me a letter telling me how how he likes me to say tiny balls
and I have some land in Florida for sale
Mar-a-lago?
DJT stock price is now less than half ($37/share) its all time high price ($79/share).
My guess:
Probably headed to $10/share since the original investors paid that
(it's how all SPACs work) and may (?) want out before it crashes to $1/share (its true value based on revenue).
Very few SPAC type mergers retain value. Many are crappy companies that can't have an IPO like normal.
Update: DJT down another 5% today (4/10/24) to ~$34/share.
Update: DJT down another 5% today (4/11/24) to ~$32/share.
Update: DJT down another 3% today (4/12/24) to ~$31/share.
Update: DJT closed at $26.61/share on 4/15/24.