04-01-2024, 04:51 PM
His stock is down almost 25% today.
https://www.google.com/finance/quote/DJT:NASDAQ?hl=en
Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue
https://www.nbcnews.com/business/busines...rcna145831
Maybe the whole company and stock was an elaborate April Fools joke.
https://www.google.com/finance/quote/DJT:NASDAQ?hl=en
Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue
https://www.nbcnews.com/business/busines...rcna145831
An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.
Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern." The firm has worked with Trump Media since 2022.
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Maybe the whole company and stock was an elaborate April Fools joke.