Trump Media, whose majority shareholder is former President Donald Trump, "expects to incur operating losses for the foreseeable future," the filing says.
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.
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.
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.
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.