Then don't invest -I'm not a professional but I can help you out. I'm pretty good using the internet:
DJT media revenue: 4.1 Million
DJT media profits: (2023....sorry no profit, only loss): Loss of 58.2million.
I'm also not a stock broker, but boy it sure is curiously devoid of logic that so poorly performing a company is managing as well as it is on the stockmarket! It's almost like the stockmarket doesn't reflect reality!
I was thinking the EXACT same thing about you!If only your spidey sense were as sensitive when suspicions arise about Biden....
It's spelled "cinch.
Yeah, that is the only misspelling you had .That's it?
Sorry, i think this post was for something else. Makes no senseThat's it?
Speaking of their auditor, BF Borger: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.
So Trump is being grifted by his own accounting firm?Speculation on Reddit (or maybe it's not speculation, if they've read the reports) is that Mr Forger is farming out these audits to low-cost foreign firms, rubber-stamping the results, and pocketing the difference.
Depends on what they wanted from the audit. If they wanted a real audit, then yes. If they wanted somebody who'd look the other way and rubber stamp anything, then no. From what I gather, this guy has a bit of a reputation, so my assumption is that both sides of that transaction knew exactly what the deal was.So Trump is being grifted by his own accounting firm?
I suspect somebody's manipulating something.
The thread is about the stock market and Truth Social.There will be a day of reckoning for Biden from God himself. You cannot mock and destroy God’s creation and expect no consequences. It’s a matter of time.
Meh. We'll see. To be 100% honest, I'm no Trump supporter. The thread's title is rather misleading. IDKThe thread is about the stock market and Truth Social.
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