Truth Social Shares Go Into Freefall After Investors Learn How Much Money It Really Makes

[skews13]

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.

Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.

As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.

Truth Social shares go into freefall after investors learn how much money it really makes

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving...

www.rawstory.com

As of noon 4/1 down 24% and dropping like a rock.

Will probably be a penny stock by next week.

 

[shockedcanadian]

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.

Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.

As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.

Truth Social shares go into freefall after investors learn how much money it really makes

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving...

www.rawstory.com

As of noon 4/1 down 24% and dropping like a rock.

Will probably be a penny stock by next week.

Do you know how much money tech companies were losing for years and their P/E multiples were in the 10s, even hundreds? Or often, infinite since the company had zero earnings?

This is the tech industry, inflated multiples. It is all about future growth and hope, especially if Trump is re-elected. It's akin to a large government contract that comes down to two companies. If Trump is re-elected he will be giving his message on his network and Twitter I imagine.

 

[jbrownson0831]

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.

Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.

As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.

Truth Social shares go into freefall after investors learn how much money it really makes

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving...

www.rawstory.com

As of noon 4/1 down 24% and dropping like a rock.

Will probably be a penny stock by next week.

Riiiigght skrewey......you just want to buy more and more of it.

 

[CrusaderFrank]

Why do we even need any other media company besides what the government tells us?

 

[Harpy Eagle]

Do you know how much money tech companies were losing for years and their P/E multiples were in the 10s, even hundreds? Or often, infinite since the company had zero earnings?

This is the tech industry, inflated multiples. It is all about future growth and hope, especially if Trump is re-elected. It's akin to a large government contract that comes down to two companies. If Trump is re-elected he will be giving his message on his network and Twitter I imagine.

Kind of a misnomer to call it a Tech company, all they have is TS and it is a dying platform that if not for one man posting would not even exist. Trump is doing all he can to keep TS relevant, but even 71 post on Easter is not enough for that.

 

[Mr Natural]

Trump is doing all he can to keep TS relevant, but even 71 post on Easter is not enough for that.

Nothing better to do on Easter?

How Christian of Him.

 

[jbrownson0831]

Nothing better to do on Easter?

How Christian of Him.

Awwww didn't he send Mr Abnormal a chocolate bunny???.

 

[surada]

 

[Cellblock2429]

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.

Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.

As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.

Truth Social shares go into freefall after investors learn how much money it really makes

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving...

www.rawstory.com

As of noon 4/1 down 24% and dropping like a rock.

Will probably be a penny stock by next week.

/—-/ I made my money and cashed out.

 

[rightwinger]

Why do we even need any other media company besides what the government tells us?

As long as we have USMB, who needs anything else?

Good thing I held on to my USMB Stock

 

[Oddball]

Raw Sewage....ROFLMFAO!!

 

[john doe 101]

https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html

Some highlights from the DJT press release:
1. The losses are so severe that Trump Media’s accountants warned they “raise substantial doubt about its ability to continue as a going concern,”
2. TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023.
As of Monday, Trump Media said these “identified material weaknesses continue to exist.”

More news on Donald Trump​

 

[konradv]

/—-/ I made my money and cashed out.

No faith, eh?

 

[Oddball]

What's the over/under on how many threads we'll get, on this little piece of woody-inducing "news" from the leftoids?

 

[okfine]

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.

Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.

As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.

Truth Social shares go into freefall after investors learn how much money it really makes

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving...

www.rawstory.com

As of noon 4/1 down 24% and dropping like a rock.

Will probably be a penny stock by next week.

Losing $58 million in 2023 makes me want to invest. Yep.

TS was/is already a worn out meme.

 

[Cellblock2429]

No faith, eh?

/——-/ I have faith it will bottom out, and I’ll buy back in.

 

[john doe 101]

/——-/ I have faith it will bottom out, and I’ll buy back in.

It's going to zero.

 

[Cellblock2429]

It's going to zero.

/——/ Time will tell.

 

[Harpy Eagle]

/——/ Time will tell.

be sure to let us know when you buy it again.

 

[skews13]

/—-/ I made my money and cashed out.

Good. In the morning the pumpers will buy just enough to get more dumb money in and then dump. This will go on for a few days until the true believers have been fleeced.