Truth Social

[xenon]

If he becomes President and only uses Truth Social, it might drive a lot of new traffic.

So I’m guessing we’ll have to see if that pans out before it completely collapses.

[George K]

https://www.nbcnews.com/politics/donald-trump/trump-sues-truth-social-co-founders-says-not-entitled-stock-shares-rcna146106

Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.

In papers filed last week in Florida state court, Trump Media & Technology Group Corp. argued that executives Wes Moss and Andy Litinsky made a series of costly mistakes that resulted in a long delay in the company’s going public and urged a judge to strip them of their shares in the company.

The pair, who were contestants on Trump's NBC show "The Apprentice," had pitched him on the idea of Truth Social after he was banned from what was then known as Twitter following the Jan. 6, 2021, attack on the Capitol.

[Horace]

Trump staked his reputation on that company.

[Renauda]

His reputation playing the perpetual victim of other people’s deeds remains untarnished.

His mob handle would undoubtedly be,

Donny “Not my Fault” Trumpolino.

[jon-nyc]

Imagine the satisfaction Trump will feel when their shares are worth zero.

[Copper]

Truth Social (DJT) stock is up more than 25% in the last month.

Nice.

[xenon]

Dude is suing for his business partners’ stakes. Sounds on brand.

[jon-nyc]

[taiwan_girl]

https://newrepublic.com/post/182515/trump-media-stock-tanks

Trump Media stock is once again slumping.

Donald Trump’s social media venture reaudited its finances and filed them with the Securities and Exchange Commission Monday, confirming that the company had a whopping net loss of $58.2 million in 2023. As a result, Trump Media shares dropped more than 6 percent Monday afternoon.

The company had to change auditors last month after its previous firm, BF Borgers, was charged with “massive fraud” and subsequently barred from ever serving as accountants again.

[Doctor Phibes]

@taiwan_girl said in Truth Social:

The company had to change auditors last month after its previous firm, BF Borgers, was charged with “massive fraud” and subsequently barred from ever serving as accountants again.

The Just Us Department at work, no doubt.

[jon-nyc]

The new audit confirmed total revenues for 2023 were $4.1MM.

Less than the average chik-fil-a restaurant.

[Renauda]

@Doctor-Phibes said in Truth Social:

@taiwan_girl said in Truth Social:

The company had to change auditors last month after its previous firm, BF Borgers, was charged with “massive fraud” and subsequently barred from ever serving as accountants again.

The Just Us Department at work, no doubt.

Just “Я” Us

[jon-nyc]

Facebook revenues were $134B. Every 15 minutes or so Facebook took in as much as truth social did all year.

[Doctor Phibes]

@jon-nyc said in Truth Social:

The new audit confirmed total revenues for 2023 were $4.1MM.

Less than the average chik-fil-a restaurant.

And Truth Social is open on Sundays!

[Doctor Phibes]

@jon-nyc said in Truth Social:

Facebook revenues were $134B. Every 15 minutes or so Facebook took in as much as truth social did all year.

Even The Failing New York Times manages $2.4B

[Axtremus]

DJT keeps falling; near all-time low.

“Judge rules Trump Media breached stock contract with early investor”
https://www.cnbc.com/2024/09/17/djt-trump-media-stock-lawsuit-lockup.html

“Trump's media stock falls before insider trading restrictions lift”
https://www.reuters.com/markets/us/trumps-media-stock-falls-before-insider-trading-restrictions-lift-2024-09-17/

“DJT stock: Donald Trump’s stock falls near all-time low”
https://www.fastcompany.com/91192505/djt-stock-donald-trump-media-stock-falls-near-all-time-low-truth-social

[jon-nyc]

If he gets elected the Russians, Chinese, and Gulf states will advertise on it heavily.

[jon-nyc]