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Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023.
The figures underscore why some experts warn Trump Media’s multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.
In a regulatory filing on Monday, Trump Media said it lost $58.2 million in 2023, compared with a profit of $50.5 million in 2022.
Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue
The Truth Social parent, which trades under the stock ticker DJT, said it lost more than $58 million last year.
That doesn't sound like winning
Originally Posted by bsm2
Do I see a sixth bankruptcy in the future for this stable genius? LOL!!!!
Trump is the wealthiest bankrupt guy in the world . Sorta like the United States and its debts
DJT Stock Rises. Trump’s Stake in Truth Social Parent Is Gaining in Value.
By
Adam Clark
Updated April 02, 2024, 11:06 am EDT / Original April 02, 2024, 5:33 am EDT
Trump Media & Technology Group shares were rising Tuesday. Donald Trump has posted a bond in a civil fraud case, averting potential asset seizures and relieving the possible need to sell shares of the parent of Truth Social.
barrons.com
Growth is found only in adversity.
Try and keep up little buddy stock tanked yesterday
Apparently your Internet Sucks
1 Billion dollars loss yesterday
What a suck up
It's time to let go of Trump
Who said that ?
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