- Thread starter
- #301
What leverage? Trump is a billionaire.
Look at who has leverage on Joe Biden. The list is long.
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Trump wins again...if he can sell TruthSocial in time for $3b...stay tuned. (Poll)
- Thread starter kyzr
- Start date
Look at who has leverage on Joe Biden. The list is long.
Zincwarrior
Platinum Member
- Nov 18, 2021
- 17,225
- 10,468
- 1,138
Per a filing this morning, the Company has a massive cash account of $395,011 at 12/31. 
Loss from operations of -$33MM. Net loss was -$21.8MM.
I don't see how it can issue debt so will need to issue equity to restore cash levels for operations.
Loss from operations of -$33MM. Net loss was -$21.8MM.
I don't see how it can issue debt so will need to issue equity to restore cash levels for operations.
Zincwarrior
Platinum Member
- Nov 18, 2021
- 17,225
- 10,468
- 1,138
At time of writing, down 15%. 
berg80
Diamond Member
- Oct 28, 2017
- 15,171
- 12,593
- 2,320
Trump 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.
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.
berg80
Diamond Member
- Oct 28, 2017
- 15,171
- 12,593
- 2,320
“TMTG expects to incur operating losses for the foreseeable future,” says the filing, which came a week after the company began trading under the ticker DJT on the Nasdaq.
The filing also warns shareholders that Trump’s involvement in the company could put it at greater risk than other social media companies.
The filing also warns shareholders that Trump’s involvement in the company could put it at greater risk than other social media companies.
Zincwarrior
Platinum Member
- Nov 18, 2021
- 17,225
- 10,468
- 1,138
-18.12% at time of writing.
Bwahahahahahaha!!!!!!!!
Bwahahahahahaha!!!!!!!!
Is it appropriate that DJT stock is going into the shitter on April Fool's Day?
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.
OK, this is only for smart people, so don't read it if you're a Trumper. You'll just get a headache.
Truth Social just released their 8-K, so the SEC mandated disclosures where you can't lie without commiting a crime. Lots of focus on the dollars, which are hilarious: Just over $4.1 M in revenue, $58M in costs. ...
I've mentioned before that this is only barely more than TPM brings in each year and since we're a real business we have costs well under $58m. But these aren't the important data points in this filing. In theory a social platform can be losing a lot of money and still ...
3/ legitimately be worth a ton of money. Facebook had already become a force of nature before Zuckerberg even real turned his attention to monetization. That turned out to be a really good idea. He put his energy into building network effects, platform dominance and only after...
4/ he'd basically won that game did he turn in earnest to monetization. So even though Truth Social losing a ton of money and only having very meager revenue makes it seem like a joke, it doesn't prove it's a joke. For the proof you need to skip down to the 4th paragraph under...
Image
5/ Overview. And then you also look at the section titled Key Operating Metrics, which you can see here.
Image
6/ Here it tells us that "adhering to traditional key performance indicators ... could potentially divert its focus from strategic evaluation with respect to the progress and growth of its business." Among those "traditional" indicators it includes ad impressions and ...
7/ revenue per user. Again, that's reasonable in theory. That's monetization not building the engine, if we go back to the Facebook analogy. But it also includes "active user accounts including monthly and daily active users". This is where you get the hard record scratch ...
8/ sound effect straight to bullshitville. It goes on to say that it may NEVER release those numbers. What this means is they are going to release no information about how many people use Truth Social or the details of that use. As noted, Truth Social has trivial levels of ...
9/ and like 15x the expenses. So business bleeding money like crazy. But if this two year old social network were in the process of building a robust user base which showed strong signs of on-going growth that might not matter. Again, think of Zuckerberg riding a tiger ...
10/ of explosive network/platform growth and focusing on that over near-term monetization. Truth Social is saying that it won't tell investors how many users it has, how quickly that base is growing or what its characteristics are. In fact, it says there's a good chance ...
11/ it won't ever release that data. This is clear cut. This company has zero actual value. The best case for its value is that they haven't actually tried to build the user base. So it's as tho it was still a prospectus with an amazing strategy. But in fact it's been around ...
12/ for two years and has an INSANE amount of publicity behind it. Again, this company has no value. Or I guess better to say that whatever value it may have is premised on the say so of Donald Trump.
Truth Social just released their 8-K, so the SEC mandated disclosures where you can't lie without commiting a crime. Lots of focus on the dollars, which are hilarious: Just over $4.1 M in revenue, $58M in costs. ...
I've mentioned before that this is only barely more than TPM brings in each year and since we're a real business we have costs well under $58m. But these aren't the important data points in this filing. In theory a social platform can be losing a lot of money and still ...
3/ legitimately be worth a ton of money. Facebook had already become a force of nature before Zuckerberg even real turned his attention to monetization. That turned out to be a really good idea. He put his energy into building network effects, platform dominance and only after...
4/ he'd basically won that game did he turn in earnest to monetization. So even though Truth Social losing a ton of money and only having very meager revenue makes it seem like a joke, it doesn't prove it's a joke. For the proof you need to skip down to the 4th paragraph under...
Image
5/ Overview. And then you also look at the section titled Key Operating Metrics, which you can see here.
Image
6/ Here it tells us that "adhering to traditional key performance indicators ... could potentially divert its focus from strategic evaluation with respect to the progress and growth of its business." Among those "traditional" indicators it includes ad impressions and ...
7/ revenue per user. Again, that's reasonable in theory. That's monetization not building the engine, if we go back to the Facebook analogy. But it also includes "active user accounts including monthly and daily active users". This is where you get the hard record scratch ...
8/ sound effect straight to bullshitville. It goes on to say that it may NEVER release those numbers. What this means is they are going to release no information about how many people use Truth Social or the details of that use. As noted, Truth Social has trivial levels of ...
9/ and like 15x the expenses. So business bleeding money like crazy. But if this two year old social network were in the process of building a robust user base which showed strong signs of on-going growth that might not matter. Again, think of Zuckerberg riding a tiger ...
10/ of explosive network/platform growth and focusing on that over near-term monetization. Truth Social is saying that it won't tell investors how many users it has, how quickly that base is growing or what its characteristics are. In fact, it says there's a good chance ...
11/ it won't ever release that data. This is clear cut. This company has zero actual value. The best case for its value is that they haven't actually tried to build the user base. So it's as tho it was still a prospectus with an amazing strategy. But in fact it's been around ...
12/ for two years and has an INSANE amount of publicity behind it. Again, this company has no value. Or I guess better to say that whatever value it may have is premised on the say so of Donald Trump.
berg80
Diamond Member
- Oct 28, 2017
- 15,171
- 12,593
- 2,320
Now -22.75%.-18.12% at time of writing.
Zincwarrior
Platinum Member
- Nov 18, 2021
- 17,225
- 10,468
- 1,138
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.
Bwahahahahahaha!!!!!!!
So from a high last week of $66.02 last week to $48.09 just now.
66.22 * 78M Shares = 5,165,160,000
48.09 * 78M = = 3,751,020,000
Delta = 1,414,140,000
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Value decreased by $1.4 Billion in under a week. Wonder what it will be at in 6 months when he can sell stock.
WW
Zincwarrior
Platinum Member
- Nov 18, 2021
- 17,225
- 10,468
- 1,138
Down 23.89% now. Wo.ouch. I wonder when auto stop kicks in.
- Moderator
- #319
So much winning.
Cult 45 is awfully quiet about this.
Cult 45 is awfully quiet about this.
- Thread starter
- #320
Probably waiting for it to stop dropping so he can buy more.I wonder where that bitch colonel is today.
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