DJT was also his casino stock ticker

[samintx]

The casino delisted so now his initials used for Social website. That man is so hung up on his name! Donald your name will go down down down in history. Not the way you have dreamed.

[GGD]

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

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.

...

Maybe the whole company and stock was an elaborate April Fools joke.

[Mr645]

$5.3 billion market cap

Another failure LOL

[hal]

one is not allowed to lie and bluster to the SEC

TMTG’s success depends in part on the popularity of our brand and the reputation and popularity of President Trump. The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer. Adverse reactions to publicity relating to President Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base. President Trump is involved in numerous lawsuits and other matters that could damage his reputation. Additionally, TMTG’s business plan relies on President Trump bringing his former social media followers to TMTG’s platform. In the event any of these, or other events, cause his followers to lose interest in his messages, the number of users of our platform could decline or not grow as we have assumed. To the extent users prefer a platform that is not associated with President Trump, TMTG’s ability to attract users may decrease.

https://www.sec.gov/Archives/edgar/data/...ex99-4.htm

[Ted King]

Is DJT one of the businesses Trump was convicted of fraud for? Or would be affected if the judges were to allow the ruling that he would be prohibited from doing business in New York (I'm sure that is oversimplified)?

[pdq]

Thanks for the heads up. I thought the Deplorables (or the Saudis) might keep the price bid up for a bit longer, but not so.

I closed out half of my put position today - not a huge gain (24%), but enough to eat out a dozen times or so.

Like taking candy from a baby.

[Ombligo]

And it is doing as well as his casino..

Since the IPO last week

[Tiangou]

Founders often dump their stock right after the IPO.

And basically everyone except Trump was free to dump their stock immediately.

Of course it tanked. Devin Nunes wasn’t going to wait to take his payout.

Trump probably has a motion in front of the board to waive the 6 month delay on his sale. He wants to get out before it’s delisted, just like everyone else.

[GGD]

Mr645 wrote:
$5.3 billion market cap

Another failure LOL

I'll gladly sell you as many shares as you have funds for in your life savings at $75,000 per share, that will give it a market cap of around $10 Trillion, and you can brag to all of your friends that you own part of this hugely successful company.

[hal]

pdq wrote:
Thanks for the heads up. I thought the Deplorables (or the Saudis) might keep the price bid up for a bit longer, but not so.

I closed out half of my put position today - not a huge gain (24%), but enough to eat out a dozen times or so.

Like taking candy from a baby.

how long of a period was your option?