I think we’re all hoping DJT stock loses most of its value before he cashes out. And the probability increases if he looks like he will not be president. So much of his future is tied up with him winning. What a shame…
Iirc they only brought in like 300k in revenue. Somebody fact check me but it was definitely between 300k-400k in revenue. So that net loss is fucking insane.
Trump Media, which owns the Truth Social app often used by the former president, also reported revenue of just $836,900 for the quarter ending June 30, a 30% drop from the same period in 2023
There’s a world of difference between not having any profit because you’re aggressively reinvesting it into your business, and not having any profit because you spent 16 million to keep the lights on for a service that brought in approximately 5% of what you spent.
That’s not uncommon through. Meta, twitter, etc didn’t have any real revenue for years. I think truth will last through the year and then die off unless Trump wins. Maybe two years. Hell I’m a conservative and I don’t know anyone who uses it. I would say it means more maga and once Trump is gone, it’ll die off.
Big companies do this on purpose. They want their earnings and their expenses to match up as close as possible, because companies don’t pay any taxes on money spent on making money, only on profits. So if a giant company is in the red, the vast majority of operating expenses are tax deductible
It’s also hard to turn a profit. People think running a company is easy. It’s not. Employees, health care, etc all add up. Hell when we sell software, it takes a few years to break even on it and our margins are 95%+. Out ceo doesn’t care about paying taxes. Most don’t. They’d rather be profitable but that’s a tough goal to achieve on a consistent basis.
If you revenue grows 100% YoY and you are investing in growth, sure. I work for a 15 year old company that is just starting to become profitable, still growing well into double digits.
He managed to kill a non-profit that advised not advertising on Xitter because it’s a racist shithole. I don’t think it’s gonna bring back any advertisers, but with the help of a pet Texas judge he’s SLAPP suing his detractors out of existence.
I think he keeps bankrupting his companies so that he can update the list of his businesses in the book, creating new editions every few years. If you have an old copy, just burn it because the new ones are so much better with the newest info. In fact, after burning the old one, wait a bit for the new one to drop. He’s clearly getting ready to update the new one with DWAC and Trump Media.
It’s so fitting. Vodka is the cheapest alcohol you can make. It’s basically watered down ethanol. Overpriced vodka is so on-brand for a Trump. And he still couldn’t make a profit.
I wonder why it still exists in Israel. I bet he sold the rights to it there and has nothing to do with the business.
I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.
6 months. From April I think, so that would mean he can sell in October.
The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.
He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.
As soon as he sells it’s going to signal that he is done with the platform to all his “investors”, and will likely trigger a selloff until it craters and his base loses their money (not good to do until at least after the election).
Yeah but then he might be left unable to cash in on this grift. Though it will make his coup harder to pull off if his followers hate him. Could go either way.
And not a single one of his unbelievably stupid fans will sell their stock in it until he cashes out in a couple months. The absolute first second he’s allowed to sell his stake, that shit’s going to crater hard with all his Stans losing their life savings.
The real treasure was all the grifts he did along the way.