br00t4c, to SEC
@br00t4c@mastodon.social avatar

Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

https://variety.com/2024/digital/news/trump-truth-social-media-q1-2024-revenue-net-loss-1236010937/amp/

br00t4c, to random
@br00t4c@mastodon.social avatar

DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million

🤣🤣🤣👏👏👏

https://www.cnbc.com/amp/2024/05/20/trump-media-djt-q1-2024-earnings.html

br00t4c, to random
@br00t4c@mastodon.social avatar

Trump Media Group shenanigans make the entire US financial market look like a bad joke. Why is the SEC allowing the Orange Turd to kill the Golden Goose?

MaryAustinBooks, to random
@MaryAustinBooks@mstdn.social avatar

We all know Trump is supposed to hold the stock for 6 months, but when has he ever done the proper thing? This is a worthwhile analysis of Trump's options right now.

Also:

"The large mismatch between stock price and stock value will sorely tempt the cash-poor Trump to sell off a significant portion of his shares, in a potential maneuver that I believe I am the first to label 'Trump and dump.'"

I think that's strong enough to trend eventually.

https://newrepublic.com/article/180205/trump-dump-truth-social-stock-unbearable-temptation

philip_cardella,
@philip_cardella@historians.social avatar

@MaryAustinBooks you know when hedge funds buy companies, run them into the ground so they bankrupt, sell off the parts and make a bunch of money.

That should be called henceforth.

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