Trump Media reports $16 million loss for quarter as revenue falls



Trump Media reports $16 million loss for quarter as revenue falls

https://www.cnbc.com/2024/08/09/trump-media-reports-16-million-loss-for-quarter-as-revenue-falls.html

Posted by z8675309z

19 comments
  1. But, Trump made a profit. Just like he does every time one of his businesses tanks. He makes money the old fashioned way— embezzling.

  2. The clown has bankrupted casinos. Who’s surprised by this (besides you maga dimwits)?

  3. This is the first time Trump has owned a publicly listed company that needs to report whether it is successful.

    It’s an interesting time.

  4. With $344M cash on hand an no debt, they could sustain losses like this for 5 years straight. Trump only needs to maintain the stock price through next month to start cashing out.

    How he sells 200 million shares without tanking the stock, that’s the real trick.

  5. The company, whose main asset is the social media network Truth Social, also reported losing $16.4 million during the quarter, representing a narrower shortfall from its $22.8 million loss in the year-earlier period, according to a Friday regulatory filing.

    Company shares have plunged 51% in the last three months with a 30% plunge in ad sales

    The regulatory filing warned that the company expects to incur operating losses “for the foreseeable future” as it works to add more users and attract more advertisers.

    Yea, this ship is sinking…..fast.

  6. All his businesses fail….clothes line, casino, alcohol line, golf courses, his ‘school’. There’s more. He’s a loser.

  7. Hang on, $836k quarterly REVENUE for a $5,000,000k valuation? I know tech companies are pretty wacky but WTF?

  8. I’m not well educated how this shit works but does h claiming those loses negate him from having to pay taxes on the gains. Or is there actually oversight

  9. what? an unprofitable business is unprofitable? Who could have seen this coming a million miles away

  10. $770,000 in revenue for the quarter. The average McDonald’s franchise in the US makes more money from selling burgers and fries during a quarter.

    Market cap is $4 billion, and DT owns the vast majority of it. A total scam for him to enrich himself – he’ll be able to start selling his stake soon.

    He knows his rubes will buy anything he sells. There are some poor sods, who’ve dumped their entire 401k balance into DJT.

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