Trump's Social Media Company Is HEMORRHAGING Value #TYT

"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."

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240401__TB04TrumpSocial

[Above-Ground]

Any "Billionaire" claiming to be Christian would be donating Bibles, not selling them.

[FDR_progressive_liberal]

The stock is a pump and dump. There really is no company. Who would want to advertise their goods on such a hateful platform.

[Above-Ground]

*Trump Airlines:* In 1988, Trump took out a $245 million loan to purchase the planes and routes of Eastern Air Shuttle. He slapped a TRUMP decal and some gold bathroom fixtures
on the commuter planes that flew between New York, Boston and Washington, D.C., but customers weren’t charmed. Two years after he launched Trump Shuttle, the airline
wasn’t making enough money to even cover the $1 million monthly interest payment on his loan. Trump ultimately defaulted, surrendering ownership of the airline to his creditors.

[Above-Ground]

*Trump Steaks:* When Trump filed for bankruptcy on his Atlantic City casinos for the second of three times, court records showed he owed the Georgia company Buckhead Beef
$715, 240. Two years later, in 2007, Trump struck a deal to sell Buckhead Beef through the gadget store Sharper Image. CEO Jerry Levin would later say it was “a bad business idea.”
“We literally sold almost no steaks, If we sold $50, 000 of steaks grand total, I’d be surprised.” The steaks were pulled from shelves after just two months of abysmal sales.

[trashtrashisfree]

Should never have been allowed to be put on the NASDAQ. This will hurt all of us with index funds.

[michelleschultz]

No Orange Sphincter's latest pump and dump stock scam is blowing up already?!?!?!?! Never saw this

[shadowjudge]

I absolutely love this! They went public only a week ago and they're already losing money. 😂😂😂😂🤣🤣🤣🤣🤣🤣

[Above-Ground]

*Trump Magazine:* Trump launched his magazine in late 2007, reinventing a publication that had previously been called Trump Style and Trump World.
His idea was to “cash in on the booming advertising market for yachts and other high-end commodities.” The timing couldn’t have been worse for a magazine,
particularly one dependent on luxury advertising. It didn’t survive and folded by 2009.

[entropyachieved]

Because it's worse than worthless it's costing money

[karenneill]

How was this allowed to be listed? Aren’t there requirements for solvency?

[Above-Ground]

*Trump: The Game* In 1988, Trump teamed up with Milton Bradley to create Trump: The Game. Despite its flashy TV ad, the game sold less than half the 2 million units the company
expected to move. The failure apparently didn’t deter Hasbro from releasing a re-branded version of the game in 2004 to capitalize on Trump’s Apprentice-related popularity.
Trump said he expected the Hasbro version of his game to sell more copies than the original. It did not, and quickly went out of circulation.

[Above-Ground]

“We don’t rely on American banks. We have all the funding we need out of Russia.”   *-Eric T.*
“Russians make up a pretty disproportionate cross-section of a lot of our assets.We see a lot of money pouring in from Russia.” 
*-Bunker Boy Jr.*

[USMC-]

You mean trump overvalued a company and it might go bankrupt? Wow - thats shocking! I know - lets put this genius in charge of the Federal Government! What could possibly happen.

[MrTigerlilly]

Never ever invest in anything with a Trump name on

[mandyharewood]

Meidas Touch dubbed yesterday "Investor Fools Day".

Didn't we all see this coming?

[ofaz]

Don’t we all people with brains know he lies all the freaking time. And this another of his many bs businesses. It’s time to lock him up

[robertarmstrong]

When will these people that call him a great business man going to realize he is not

[Above-Ground]

*Trump Mortgage;* “I think it’s a great time to start a mortgage company, ” Trump said in April 2006. “The real-estate market is going to be very strong for a long time to come.”
In reality, the market had already begun deflating and would collapse within a matter of months. He had tapped E.J. Ridings for the company’s CEO position; the company boasted
Ridings as having been a “top executive of one of Wall Street’s most prestigious investment banks, ” It was later revealed the had just six months of experience as a stockbroker.
Trump Mortgage shuttered in September 2007. And the company never paid a $298, 274 judgement it owed a former employee, nor the $3, 555 it owed in unpaid taxes.

[zelgie]

This is literally a wealth transfer from Trumpers to short sellers of this stock lol

[Missunderstood]

When does a clinical narcissist admit that he is unlikable?🤔