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thewayneThat stock price just keeps sliding and is now trading at just above $30 a share, less than half its peak in the middle of April.
And here's the killer, which makes me wonder if anyone who has bought this stock has ever looked at its P&L statement, it lost over $300 mill with revenue of less than $1 mill!
Now, most people would see those numbers and say 'This is not a viable company, no matter how you look at it' and steer clear of it. But I guess when you're so deeply immersed in distorting reality, it doesn't really matter.
One of their problems is that they no longer have an exclusive on the utterances of a certain Felonious Candidate for High Office. He used to be under a contract that he had to post to Truth Social before any other platform, that contract has lapsed. He's now rejoined Twitter and is spewing forth there first.
Naturally the management of Truth Social is blaming "naked short-sellers", a practice of buying stock for short-selling without putting up the purchase price first, i.e. no money is involved in the transaction. They have sent letters to the boards of trade complaining of this, there has been no evidence unearthed proving this claim. Sort of like some other law suits that came forth not quite four years ago, eh?
https://www.usatoday.com/story/money/2024/06/18/djt-trump-media-stock-price-falling/74141641007/
And here's the killer, which makes me wonder if anyone who has bought this stock has ever looked at its P&L statement, it lost over $300 mill with revenue of less than $1 mill!
Now, most people would see those numbers and say 'This is not a viable company, no matter how you look at it' and steer clear of it. But I guess when you're so deeply immersed in distorting reality, it doesn't really matter.
One of their problems is that they no longer have an exclusive on the utterances of a certain Felonious Candidate for High Office. He used to be under a contract that he had to post to Truth Social before any other platform, that contract has lapsed. He's now rejoined Twitter and is spewing forth there first.
Naturally the management of Truth Social is blaming "naked short-sellers", a practice of buying stock for short-selling without putting up the purchase price first, i.e. no money is involved in the transaction. They have sent letters to the boards of trade complaining of this, there has been no evidence unearthed proving this claim. Sort of like some other law suits that came forth not quite four years ago, eh?
https://www.usatoday.com/story/money/2024/06/18/djt-trump-media-stock-price-falling/74141641007/
no subject
Date: 2024-06-18 11:44 pm (UTC)Maybe Orange could do a money plea for them to his minions.
Oh wait, he only does that for himself. :o
Hugs, Jon
no subject
Date: 2024-06-26 02:36 am (UTC)no subject
Date: 2024-06-26 03:05 am (UTC)I can't wait for The Felon to take his cut and the company to collapse, and all the red-hatted fanbois (and gurls) to start screaming when their stock isn't worth the electrons they're printed on.
no subject
Date: 2024-06-26 03:11 am (UTC)