Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
Trump Media, whose majority shareholder is former President Donald Trump, "expects to incur operating losses for the foreseeable future," the filing says.
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My smile grew larger with each paragraph.
But I reached near-euphoria with these masterpieces of financial journalism:
The filing also warns shareholders that Trump's involvement in the company could put it at greater risk than other social media companies.
and…
TMTG also disclosed to regulators that the company had identified "material weaknesses in its internal control over financial reporting" when it prepared a previous financial statement for the first three quarters of 2023.
😁
If anyone checked the filing presentation they literally put questions marks for their profitability. It was HILLARIOUS.
Before anyone asks, here it is:
https://www.sec.gov/Archives/edgar/data/1849635/000119312521348593/d242442dex992.htm
Lmfao. Here's a pic for the super lazy.
I strive to be super lazy. I was disappointed after having already clicked the link and wasted an untold number of seconds finding that slide only to scroll down and see it here.
Ha lmao same 🤣
You're doing God's work firewitch/witchfire
Same. It was at least 15!
at least 15!
Jesud christ! That's almost 41.5k years!
Holy goddamn shit, that's not even the funniest part of that! They estimate $3.6 billion in revenue by 2026? What fucking super-adderall-DMT-coke-meth-unicorn-fart drug are they smoking?
If they install a dictator and ban all other social media and also ban not participating in social media, then yeah, that’s actually a pretty conservative estimate.
OMG Hahahahaha
No lie told because that is ridiculous
“Big Tent Approach - all are welcome”. 🤣
So they either did not do proper finance analysis or they are hiding numbers from shareholders, neither of which inspire confidence.
Material weaknesses means they "lost" paperwork, right? I'm guessing as that's his only move.
Dunno, I was actually leaning more towards the “indefensible, blatantly criminal fabrication of ‘facts’ of the sort that crumble under even the most casual gaze” kind of material weakness.
Material weakness means you failed the audit, and the firm will not state that the financial disclosures can be relied on.
Look in his bathroom, I’m sure it’s there somewhere.
He does apparently have a habit of trying to flush documents.
And eat them.
Just saying
First one, then the other.
Material weaknesses
I was looking for its meaning in finance and found this https://www.investopedia.com/terms/m/materialweakness.asp
LOL they are fubar
What? No. He’s known to also eat documents.