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    Trump Media reports $16 million loss for quarter as revenue falls


    It appears the company is still losing money.

    P.S. I don’t hold any positions in DJT, nor I am citizen or resident in the US.

    https://www.cnbc.com/2024/08/09/trump-media-reports-16-million-loss-for-quarter-as-revenue-falls.html

    Trump Media reports $16 million loss for quarter as revenue falls
    byu/progmakerlt inwallstreetbets



    Posted by progmakerlt

    View 15 Comments

    15 Comments

    2. Fuckface_Whisperer on

      Wow, shocking.

      Anyone who “invests” in this company deserves to lose every penny.

    3. Cheeky_Star on

      I’m already holding puts sub 5 dollars and I believe their blackout period for insiders is around mid September . I expect to see major selling pressure as early invests or trump cash out.

    4. Recent-Match7448 on

      Nobody has reported a better loss than us in a quarter, nobody has. It hasn’t been done like we did it.

    5. Chester-Ming on

      $836,900 revenue for Q2 is hilarious. A 30% drop in revenue from the same period in 2023. This company is literally not growing at all.

      A busy branch of Wendy’s will probably make more than that.

      If Trump loses in November TMTG is going to speedrun bankruptcy.

    6. jedo89 on

      I’d love to see who the top investors are in this company. I feel like it’s just a way to buy influence if he does get elected.

    8. FoodCooker62 on

      And yet Trump and the executives are making out like bandits. Obviously the stock isnt worth anything, but they’re taking advantage of the current primal mentality of the markets and are siphoning off cash from the people who trade (or god forbid are long on) the stock. 

      IMO its a symptom that the markets are not healthy that this can occur. 

    9. crankthehandle on

      > reported revenue of just $836,900 for the quarter ending June 30, a 30% drop from the same period in 2023

      Amazing numbers. Also amazing that the stock showed absolutely no movement in after hours trading. Is that what shareholders expected? Good lord.

    10. DiBalls on

      If the felon can lose money owning a casino, what do you expect. Most of his “business” go belly up. When you own the company his lying and hiring the best lol, lack of any business sense, scam, grifter, talks like a 5 yr old, doesn’t know how yo drink fyom a water bottle, rattles non sense well this is what you get from this scam stock company.

    14. TheDiligentDog on

      This is the same guy that then has the audacity to criticize JPOW and say “In my case, I’ve made a lot of money. I was very successful, and I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman” 🤡🤡🤡

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