Truth Social
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wrote on 3 Apr 2024, 16:27 last edited by
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.
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wrote on 3 Apr 2024, 16:28 last edited by
Trump staked his reputation on that company.
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wrote on 3 Apr 2024, 17:32 last edited by Renauda 4 Mar 2024, 17:41
His reputation playing the perpetual victim of other people’s deeds remains untarnished.
His mob handle would undoubtedly be,
Donny “Not my Fault” Trumpolino.
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wrote on 4 Apr 2024, 00:55 last edited by
Imagine the satisfaction Trump will feel when their shares are worth zero.
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wrote on 4 Apr 2024, 01:02 last edited by
Truth Social (DJT) stock is up more than 25% in the last month.
Nice.
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wrote on 4 Apr 2024, 01:25 last edited by
Dude is suing for his business partners’ stakes. Sounds on brand.
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wrote on 13 Apr 2024, 01:10 last edited by
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wrote on 11 Jun 2024, 09:58 last edited by
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.
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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.
wrote on 11 Jun 2024, 10:13 last edited by@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.
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wrote on 11 Jun 2024, 17:14 last edited by
The new audit confirmed total revenues for 2023 were $4.1MM.
Less than the average chik-fil-a restaurant.
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@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.
wrote on 11 Jun 2024, 23:55 last edited by Renauda 6 Nov 2024, 23:58@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
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wrote on 12 Jun 2024, 00:43 last edited by
Facebook revenues were $134B. Every 15 minutes or so Facebook took in as much as truth social did all year.
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The new audit confirmed total revenues for 2023 were $4.1MM.
Less than the average chik-fil-a restaurant.
wrote on 12 Jun 2024, 10:47 last edited by@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!
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Facebook revenues were $134B. Every 15 minutes or so Facebook took in as much as truth social did all year.
wrote on 12 Jun 2024, 10:48 last edited by@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
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wrote on 18 Sept 2024, 00:57 last edited by
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 -
wrote on 18 Sept 2024, 01:14 last edited by
If he gets elected the Russians, Chinese, and Gulf states will advertise on it heavily.
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wrote on 12 Oct 2024, 14:00 last edited by
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wrote on 19 Feb 2025, 01:52 last edited by
The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.
Trump Media & Technology Group reported its earnings late Friday, blaming the losses in part on a revenue-sharing agreement with an undisclosed advertising partner.
https://apnews.com/article/trump-media-truth-social-losses-c879294edc8d0297446a3a2f5499b8e3
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wrote on 19 Feb 2025, 02:04 last edited by
They’ll make it up through volume.
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wrote on 19 Feb 2025, 02:06 last edited by jon-nyc
That’s what the average Chik-Fik-A brings in in 4 months. But without the $400MM loss.
