[As I posted earlier this week, I took a flier by buying 1500 shares @ $26.
I’ll be selling. This is an unmitigated disaster that boggles my mind. The losses don’t bother me: they’re common with start-ups.
But how, in the midst of the avalanche of interest in President Trump and his campaign, this company is able to report a DECLINE in revenues is beyond me. This is a $5 billion company with sales just slightly over those of a single McDonalds restaurant.]
Whereas Trump is a dabbler with a very mixed business record even in businesses where there are many winners. Unfortunately for Truth Social, social media is winner-takes-all. Runners-up get nothing, or next to nothing. That’s how Yahoo went from top dog to being bought for peanuts by Verizon, ~$5b. Its revenues? ~$5b, almost 1,500x Truth Social’s. And unlike Truth Social it was profitable.
https://finance.yahoo.com/news/yahoo-2q-2016-earnings-do-not-matter-either-way-195714147.html
As I said, it was a flier.
Musk’s approach to X has been, despite his demonstrated business acumen elsewhere, that of a hyperactive hobbyist. But the end result is as you say: it’s a cash burner.
You’re undoubtedly correct about DJT. If Trump Media were to have ever succeeded it would’ve needed to come charging out of the gate with explosive growth fueled by President Trump barnstorming for it. I had hoped that it would’ve caught fire with the next upswing in the campaign’s polling results, but at this point it looks like even that wouldn’t move the needle.
>> Whereas Trump is a dabbler with a very mixed business record
Really?
He’s a billionaire. Is he not? Even after sacrificing a bunch of his wealth fighting for America, he’s still worth a billion bucks. If that’s the result of a “very mixed business record”, I’ll happily aspire to having a “mixed business record” myself!
Or are you saying that he wins some, loses some? Isn’t that the nature of a risk-taking entrepreneur? Again, he’s a billionaire, so he must have won more than he lost.
Maybe you should clarify just what the hell you ARE saying, or implying.
And how about you, polymath? How do you stack up? How many billions have YOU made with your superb freepoing and never-trumper denigration skills?