02-04-24, 04:33
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#4
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Join Date: Feb 2011
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re: Greatest CON EVER; DOW DUMPING TRUMP- Stock Plummets AGAIN & Going Lower
CRASH-But No Landing -YET - HUMPTY DUMPTY TRUMPs' Truth Social Shares Go Into Freefall After Investors Learn How Much Money It Really DOESN'T Make
Truth Social-Linked Stock Falls 25%—Donald Trumps’ Stake DOWN Over $2.5 Billion From Peak
MSNBBC 1 APR 2024
Donald Trumps’ Net Worth Sinks $1 BIL As Truth Social-Linked Stock Tanks
Shares of former President Donald Trumps’ social media company fell precipitously Monday after the company revealed its latest financial results, predictably well below what a typical multibillion-dollar company would deliver.
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.
Key Facts
Trump Media’s stock (ticker $DJT for Trump’s initials) tanked 25% by early afternoon, trading at about $46 per share, a roughly 40% drop from its $79 peak set last Tuesday on its first day as an independently traded public company.
Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its peak of $6.25 billion to Monday’s $3.64 billion.
Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000.
Now THAT LOSS Will also cost him -IN VOTES...His 'loyal' RICH 'Pals' will NOT BE HAPPY...
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