Sujet : Trump;s Truth Social lost $58 million in 2023
De : here (at) *nospam* is.invalid (JAB)
Groupes : misc.news.internet.discussDate : 01. Apr 2024, 17:03:27
Autres entêtes
Organisation : A noiseless patient Spider
Message-ID : <uuelsh$2j0d6$1@dont-email.me>
User-Agent : ForteAgent/8.00.32.1272
Trump;s Truth Social lost $58 million in 2023
Former President Trump's social media company lost over $58 million on
just $4.1 million in revenue during 2023, according to new SEC
filings.
Why it matters: There is a massive disconnect between the financial
fundamentals and stock performance of Trump Media & Technology Group,
which is valued at more than $7 billion after going public last week.
...
...
The big picture: The SPAC merger proceeds make TMTG financially viable
for a while, but it's no longer possible to even pretend that the
share price has any relation to the actual business.
At this point, owning TMTG is basically an in-kind donation to
Donald Trump. Both financially and reputationally.
https://www.axios.com/2024/04/01/trump-truth-social-revenue-2023
Trump;s Truth Social lost $58 million in 2023