Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million
Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million
Trump Media and Technology Group reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million.
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This stock went down faster than Boebert at a musical.
And yet it's still valued at nearly $50 per share
It’s not so much a stock investment as it is a gofundme with extra steps.
It almost like there's a very public way to funnel money into a company via the stock market in order to gain favor with it's operating board...
And that's because it's up over 200% from its low at $22. With these financials the "free market" decided it was a heavy buy. It's some combination of meme stock and corruption vessel. Trump gonna get elected and we'll all be fools for not taking our cut as the bribes really flow in. Unlikely Trump even "steps away" from his businesses next time. He'll be (openly) taking private investor meetings in the Oval Office before deciding their government petition.
LoOkS FiNe To mE - SCROTUS, probably.
Some how I missed SCROTUS until now. Much better name for (most of) them.
Its a bet a lot of people are making. If Trump wins the shares of this stock are probably going to the moon to borrow a phrase. Truth social will be where the President of the US is. Users/advertisers will move there initially I think, until they realize it is somehow worse than Twitter. It will also be, and probably already is, a way to subvert campaign finance laws and donate "directly" to Trump.
The price is artificially high becuase of people making this bet. If Trump loses this goes the way of Trump steaks, Trump vodka, Trump University, etc. If he wins, these people may literally make money hand over fist.
Trump winning doesn't do anything except make it a way to bribe the president. Everyone knows who/what are on that site. It's not going to make advertisers go there. It's already the place of the loudmouthed former president, which probably gets more users than it being the site that had the president.
Only the best shareholders. Very great. More and more.
Which is exactly what I would pay for a Bobert bj at a musical.
That's more than Intel.
(or a bowling alley)
Or trailer park cookout
Talk trash all you want but skiing, casa bonita, and handies from bobo the clown are what make colorado great. Its how we spend our weekends.
Don't mind me, I'm still pisssed the Nuggets blew a 20 point lead. In fact, that was the first comparison I was going to make.
No it didn't