Posted on 04/01/2024 12:36:23 PM PDT by joesbucks
The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023.
Trump Media & Technology Group shares were trading down by more than 25% around 1:08 p.m. ET.
(Excerpt) Read more at cnbc.com ...
I’ll take the last description, but show me where I’m wrong.
Like every lefty anywhere, lying, deceiving, and being a general ahole.
Should be your tag line.
what does this have to do with being the controlling shareholder?
The one I have is SO much better.
No. Mine is better. And truth will out. Yours is just leftist nonsense.
Not at all. He’s stealing a page from the Jim and Tammy playbook. Next comes the miracle water.
It occurs to me how the concerted hate of media, press, everybody to tarnish and defame Trump could tuin and sink any publicly traded company by the sheer lies, exaggerations and doom and gloom. Lord have mercy!
You’re such a sick human. A leftist piece of crap pretending he’s not. Typical lying, dark souled lefty. Congrats.
What are the lies?
Lies, exaggerations and doom and gloom?
On FR?
Say it ain’t so.
Him getting enough shares to have controlling interest was baked into the deal from the start. Look at the 8K which was filed today. He was going to have controlling interest regardless of whether or not the PIPE investors stayed. Maybe he would have been given more shares if they hadn’t left, but he was going to be in charge regardless.
you’re completely wrong dude but, somehow, I think you’re purposefully wrong to spread FUD. The pipe would have gotten 100m+ shares and OVERTAKEN Trump on ownership.
It is a good thing the PIPE went away and ALL parties, TMTG, DWAC, TS, etc., were working towards that end.
The deal was that once the merger was approved and completed, Trump would be GIVEN enough shares to allow him controlling interest. It was expected by all of the investors. Bear in mind that he was the owner of the company before it merged with the SPAC. Do you think that he bought 78,750,000 shares in his own company?
I was just noting, as have others, that the timing of the bad report, literally a business day or so from the stock IPO is inconvenient and as it is Trump, will get extra scrutiny.
RDS is never in my mind. His supporters, unfortunately, don’t understand he is gone baby gone. They have one choice. Bidone or Trump. If you don’t know the difference, can’t understand who to support, then grow up and get over your idiocy.
He said last week he was not going to sell.
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