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Bwahahahahahaha!!!!!!!!
I'm having a deliciously sinister chuckleTrump Media shares fall sharply after company reports net loss of $58 million in 2023
The share price of Trump Media fell sharply Monday morning 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 trading down by more than 14.5% as of 11 a.m. ET.
Despite that plunge, the company’s market capitalization was still more than $6 billion after its 8-K filing with the Securities and Exchange Commission revealed the loss for last year.
Much of the net loss appears to come from $39.4 million in interest expense, according to the filing.
A spokesperson for the company did not immediately reply to a request for comment on the new filing.
https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html
A $6B market cap for a company with those losses and no prospect of future profit is a joke. That joke being on the bagholders who own the stock.
Now -22.75%.-18.12% at time of writing.
ouch. I wonder when auto stop kicks in.Now -22.75%.
We'll know in November.
Latest polls show Trump wins as a felon or not.
Down 23.89% now. Wo.ouch. I wonder when auto stop kicks in.