Posted on 04/01/2024 12:36:23 PM PDT by joesbucks
The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023.
Trump Media & Technology Group shares were trading down by more than 25% around 1:08 p.m. ET.
(Excerpt) Read more at cnbc.com ...
Where is robin hood when you need them
“a net loss of $58.2 million on revenue of just $4.1 million in 2023”
A net loss early in a companies history is not necessarily a bad thing.
But just $4.1 million total revenue for a year seems really low.
tmtg is in a good spot now that they just got $300m from the finalization of the merger and can move forward with their growth plan. the SEC delayed this merger for TWO YEARS longer than most other mergers which capped off anything they could do.
All stocks will go up and down.
Buying opportunity!!!!
Apparently not in Oakland County, Michigan:
Another Migrant Crime Ring, This Time in Wealthy, Biden-Voting Oakland County, Michigan
It’s apparently what they’re reporting.
just as an FYI, TMTG JUST went public like 2 weeks ago and will utilize the $300m from DWAC to grow the company. The SEC sat on the merger for way too long, stymying TMTG from growth.
You’ll see things start to move from here on out
May not be much of a problem since most people don’t even know the company exists. It’s a sideline deal for Trump. Noise.
Could be.
What’s not to like?
IMHO, TMTG DJT needs to produce a movie that is a success.
If Donald Trump sells some of his DJT stock - when he can - that will likely drive down the price of the stock.
that would be great
he’s not going to
A whole year or only a partial year???
Yeah . . . I think that Trump must be careful and NOT sell any of his DJT stock.
He needs to see the company make some money - that is why, a well-received movie can work, IMHO.
“It’s apparently what they’re reporting.”
I realize that, I didn’t mean that the figure was lower than reality, rather that the figure was accurate and way to low for a business that hopes to succeed.
seems like the whole year.
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