Joe Capitalist
Racism is a disease
Just gave up all the gains it made last week at IPO. MAGA morons soil diapers.
Trump's media stock DJT drops 14%, price below its 52 week low.
- Thread starter Joe Capitalist
- Start date
Joe Capitalist
Racism is a disease
Trump's Truth Social lost $58 million in 2023
Former President Trump's social media company lost over $58 million on just $4.1 million in revenue during 2023, according to new SEC filings.
Why it matters: There is a massive disconnect between the financial fundamentals and stock performance of Trump Media & Technology Group, which is valued at more than $7 billion after going public last week.
By the numbers: The company lost top-line momentum, generating only $751,000 in Q4. It had topped $1 million in Q3.
All of the company's revenue comes from advertising on Truth Social, per the disclosures.
Most of its expenses are tied to interest on debt, although TMTG also had around a $16 million operating loss for 2023.
For context, Twitter generated around $665 million in revenue for the year leading into its IPO, and $5.2 billion in the final year before Elon Musk's takeover.
The big picture: The SPAC merger proceeds make TMTG financially viable for a while, but it's no longer possible to even pretend that the share price has any relation to the actual business.
Former President Trump's social media company lost over $58 million on just $4.1 million in revenue during 2023, according to new SEC filings.
Why it matters: There is a massive disconnect between the financial fundamentals and stock performance of Trump Media & Technology Group, which is valued at more than $7 billion after going public last week.
By the numbers: The company lost top-line momentum, generating only $751,000 in Q4. It had topped $1 million in Q3.
All of the company's revenue comes from advertising on Truth Social, per the disclosures.
Most of its expenses are tied to interest on debt, although TMTG also had around a $16 million operating loss for 2023.
For context, Twitter generated around $665 million in revenue for the year leading into its IPO, and $5.2 billion in the final year before Elon Musk's takeover.
The big picture: The SPAC merger proceeds make TMTG financially viable for a while, but it's no longer possible to even pretend that the share price has any relation to the actual business.
Just gave up all the gains it made last week at IPO. MAGA morons soil diapers.
Everything Conservatives do ends up failing in the end.
Joe Capitalist
Racism is a disease
Joe Capitalist
Racism is a disease
Trump's Truth Social:
BWAAHAHAHAHAHAHAAAAHAHAHAHAHAHAHAHAHAHAHA!!!
BWAAHAHAHAHAHAHAAAAHAHAHAHAHAHAHAHAHAHAHA!!!
Joe Capitalist
Racism is a disease
Guno צְבִי
We fight, We win, Am Yisrael Chai
Down 22 percent and falling 
Joe Capitalist
Racism is a disease
Guno צְבִי;5947161 said:Down 22 percent and falling
Remember last week, volsrock was claiming Truth Social made Trump $6 billion richer?
What a fucking MAGA moron.
Just wait until tomorrow. It's gonna be a 'bloodbath'.