Wall Street loves DJT!

wing2000 said:

I can't imagine any Wall Street investor buying this stock:

The company’s valuation, however, stands at odds with its business performance. Trump Media earned about $3.4 million in revenue and lost $49 million in the first nine months of 2023, a Securities and Exchange Commission filing shows.


The Trump company’s shares ended Tuesday at $58, only a few dollars below the stock price of the discussion-board platform Reddit, which went public last week. Last year, Reddit generated more than $800 million in revenue.

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www.washingtonpost.com

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I was just getting ready to post the same sort of article from WSJ.

durangodawood said:

I could beat a polar bear in a fist fight no problem. Can I have my own state now?

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I hear you might be able to get Florida at a discount.

-- A2SG, plus 10% off for seniors....

Despite what liberals want, DJT has become a profitable stock investment.

Vambram said:

Despite what liberals want, DJT has become a profitable stock investment.

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I was unaware DJT was a stock. I wonder how much it would cost to buy a controlling interest or if it has already been sold.

Belk said:

I was unaware DJT was a stock. I wonder how much it would cost to buy a controlling interest or if it has already been sold.

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DJT is the ticker name for Trump Media.

A2SG said:

I hear you might be able to get Florida at a discount.

-- A2SG, plus 10% off for seniors....

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No, thanks.

Vambram said:

Despite what liberals want, DJT has become a profitable stock investment.

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Go ahead and buy as much as you can!

The Barbarian said:

Draining a corporation of cash, and then walking away when it goes bankrupt has been his primary source of income other than the fortune Daddy left him.

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That was good but his real money has been in licensing his brand and the tv show The Apprentice, I thought. It was the show that pulled him out from underwater.

Vambram said:

Despite what liberals want, DJT has become a profitable stock investment.

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Investment? I suspect a pump and dump.

At the time I'm writing this, it's down over 14% 15% 17.5% 21% 22% 24% 26% today and below where it opened last Tuesday after the merger.

DJT Stock Alert: 7 Things to Know as Trump Media & Technology Group Starts Trading Today​

This looks like another of those Trump businesses that crash and burn, leaving investors wiped out and Trump richer. But there's no law against playing suckers, if you don't lie to them.

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.

Next time the Donald wants to use Born in the USA at one of his rallies, it might make more sense to skip to side two of the album.

-26% and falling. I'm enjoying this.

Oh hey, it's had a bit of a bounce. Just -23% now.

Vambram said:

Despite what liberals want, DJT has become a profitable stock investment.

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Yes but you see how numbers don't add up?
a social media platform with less than a million subscribers and what, single digit million revenue.....
Becomes worth over 9 Billion?

How does that add up?

Rebounded a little bit after lunch, but it's started dropping again after hours.

For all those MAGA people who put their money where their mouths are......April Fool.

April 1, 2024

Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue​

An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.

Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.

The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern." The firm has worked with Trump Media since 2022.

The note is dated March 25, the day before Trump's company started trading on the Nasdaq stock exchange under the symbol DJT, surging at first and earning comparisons to so-called meme stocks.

Shares of the company fell more than 21% to $48.66 on Monday. Its market value stood at more than $6.5 billion.

A spokesperson for Trump Media did not immediately respond to a request for comment.

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.

www.nbcnews.com

Donald Trump has failed at everything but grifting.

But he's very, very good at that.

essentialsaltes said:

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That durn Biden economy!