Truth Social - Going Broke?

[Fuzzy1975]

So it's a valuable advertising space, more so than say Reddit which has more users but they are all obese fedora-wearing basement Linux users and buy nothing more advanced than new video cards. They're not a valuable audience to advertise to.

Yes, math is hard. Gross expenses 58 million, gross profit 10 million.

 

[butters]

$22.77
-$3.84(-14.43%)
https://www.tipranks.com/stocks/djt#google_vignette

https://www.msn.com/en-us/tv/news/t...1&cvid=6ea7cad9b93e45fc89b0a00a7a289105&ei=46

As its stock price flounders, the parent company of Truth Social unveiled its latest grand plan on Tuesday: a streaming service that will specialize in religious and family-friendly content, along with material that has otherwise been “suppressed.”

Last year, it generated a paltry $4.1 million in revenue and losses of $58.2 million.
The company also conceded in a recent disclosure that it doesn’t make management decisions in a particularly scientific way.

“Since its inception, TMTG has not relied on any specific key performance metric to make business or operating decisions. Consequently, it has not been maintaining internal controls and procedures for periodically collecting such information, if any,” the filing said.

 

[Pad_Foot]

And they diluted the value how much yesterday??
CFO is earning how much???

Use Puts !! Double your money every day!! Drop baby Drop!!

Just wait for Trump Jr and the rest of the board to allow Trump to divest !! HE will earn no matter what because he invested NOTHING!!

Another bankruptcy in process!!

 

[butters]

the company has shed billions of dollars in market cap, and as of this writing is worth roughly $3.2 billion, which means it's lost more than half of its value in less than three weeks.

Many supporters of the former president who bought shares of the stock have found themselves getting burned as its value continues to evaporate, although some savvier investors have made a tidy profit by selling their shares just before the company released its first earnings report.

https://www.msn.com/en-us/money/mar...1&cvid=aee275da8a3a43e4dbe9cd6b078e6187&ei=29

 

[butters]

$23.01
-$3.60(-13.53%)
Real Time

 

[stxjimmy]

$23.01
-$3.60(-13.53%)
Real Time

This doesn’t appear to be a killer stock!

 

[butters]

it fluctuates during the day but each day sees a downward trend

 

[Lazaran]

And they diluted the value how much yesterday??
CFO is earning how much???

Use Puts !! Double your money every day!! Drop baby Drop!!

Just wait for Trump Jr and the rest of the board to allow Trump to divest !! HE will earn no matter what because he invested NOTHING!!

Another bankruptcy in process!!

•
#dumpbeforetrump

Any small investor who doesn’t sell their stock in that obvious scam deserves what they get (don’t get, actually.)

 

[RobDownSouth]

They're going to "pivot to video" (shades of FB in 2016) and require a proprietary app to do so, the unworkable "walled garden" approach.

Bold stategery, Cotton!

 

[Lazaran]

They're going to "pivot to video" (shades of FB in 2016) and require a proprietary app to do so, the unworkable "walled garden" approach.

Bold stategery, Cotton!

So, more operating costs and no guarantee of increased revenue…

Smaaaaaart…

 

[Oshkosh60]

They are just trying to stem the flow by announcing "new" possibilities ..... and it got them nothing.

I just have zero idea of how they were able to have an offering. Major investor lawsuits in the making, but what's new?

 

[desecration]

May it burn. Their "free speech" was a lie. Now that Twitter has stopped much of the censorship, Truth Social is not really relevant.

 

[stxjimmy]

What’s todays give away price?

 

[Bray123]

What’s todays give away price?

$25.81.

It's actually gone up on the day. Buy! Buy! Buy!

 

[stxjimmy]

$25.81.

It's actually gone up on the day. Buy! Buy! Buy!

Or more likely bye! bye! bye! to your money.

 

[Pad_Foot]

$25.81.

It's actually gone up on the day. Buy! Buy! Buy!

Up... because Trump isn't in court falling asleep or worse???

 

[adrina]

 

[doowdniw]

Or more likely bye! bye! bye! to your money.

Dead cat bounce.

 

[dmallord]

Posts on X are called tweets, or maybe something else now. Truth Social needs its own term, preferably decided in house, before someone else makes another term stick, like sharts.

Perhaps 'Truthees'

Because everything there is true? That's the rule.

 

[jaF0]

Whatever Donny touches .....

U.S. News // 1 hour ago
SEC permanently suspends auditor BF Borgers for 'massive fraud'

 

[Rightguide]

Tell us again how broke Truth Social is.

 

[butters]

Whatever Donny touches .....

U.S. News // 1 hour ago
SEC permanently suspends auditor BF Borgers for 'massive fraud'

to be fair, the company messed with 1,500 other companies' books, but am i surprised trump's name comes up in fraud cases? no, not at all.

edit: the 1,500 i stated were filings, not the number of companies, so i can't say how many other companies were affected over this period of 2 and a half years. apologies for the error

Trump Media & Technology Group shares were falling Friday after the Securities and Exchange Commission charged the company’s auditing firm with “massive fraud.”

The regulator has charged BF Borgers CPA and its owner Benjamin Borgers “with deliberate and systemic failures to comply with Public Company Accounting Oversight Board standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023,” according to a filing.

https://www.msn.com/en-us/money/com...p&cvid=8a3dcf3112f14dfafcedc42f609af0d3&ei=82

 

[Fuzzy1975]

Tell us again how broke Truth Social is.

Currently we don't know, however the share owners prior to going public have made a few bucks. Those who did buy on IPO day have lost over 50% of their investment. Good thing for you, you're too poor to have invested...

 

[butters]

to be fair, the company messed with 1,500 other companies' books, but am i surprised trump's name comes up in fraud cases? no, not at all.

edit: the 1,500 i stated were filings, not the number of companies, so i can't say how many other companies were affected over this period of 2 and a half years. apologies for the error

https://www.msn.com/en-us/money/com...p&cvid=8a3dcf3112f14dfafcedc42f609af0d3&ei=82

additionally:

Trump Media, which owns the former president's Truth Social platform, used BF Borgers as its accounting firm before becoming a public company in March. BF Borgers is not accused of committing any fraud regarding Trump Media, as the work it did with the company falls outside of the scope of the SEC investigation.

https://www.msn.com/en-us/news/poli...1&cvid=e9b52f1113444cac8321bb9fd3d2c70c&ei=42

 

[Bray123]

The company that runs TS is run itself by Devin Nunes, who became famous for being a much-mocked cattle farmer. That was the quality that made him the best person to be CEO of a Tech company.

TS makes no money, certainly nothing to justify its valuation. That comes from cult followers who think they are being loyal to their Lord Farticus by donating their money to him. This is classic cult behavior.

In a year or so TS will sit alongside Bed, Bath & Beyond, My Pillow, FTX, Lehman Brothers, Toys R Us, Enron, Friends Reunited and a host of other companies no more.