LOL. The clowns at Trump Social are idiots -- who are going to get themselves into further trouble with the SEC. By any reasonable valuation methods DJT is a short. Do we also need to mention that Trump's Truth Social accounting firm has been charged with massive fraud and the government has stated that the financial statements from any company using them as accountants cannot be deemed reliable. In an unprecedented move, Trump Media asks Congress to investigate 8 firms for short selling its stock Despite the company’s high valuation and low revenue, Trump Media is asking House Republicans to go after short sellers. https://www.fastcompany.com/91117594/trump-media-congress-short-selling-8-financial-firms
It's a good move by them to ask the SEC to investigate "short selling of its stock" especially if they use social media to publicly voice their complaints at the same time because "it could" help the stock price to be more stable or increase the price due to people wanting to buy the stock even though Trump Social financials are shitty. Thus, shitty stocks can go higher in price if they play the smart just long enough until the 6-month sell for the board has expired and Trump can begin cashing in on the stock to save it for retirement and to pay off his mounting legal fees when he's released from prison after being a convicted felon. More reasons for Melanie to continue hanging around too. wrbtrader
They are not asking the SEC to investigate the short-selling. They are asking Congress to investigate the short-selling — you know those clowns like Comer, Gaetz, MTG, etc.
Trump's company keep trying to have Republican politicians investigate DJT shorts. Unfortunately for them the responsibility lies with the SEC. Truth Social needs to being their laughable complaints to the proper authorities, the SEC. Trump Media and Technology Group Asks Florida’s Attorney General To Investigate How Some Short-Sellers Are Allegedly Able To Obtain a “Drastically Reduced” Rate for Share Locates https://wccftech.com/trump-media-an...a-drastically-reduced-rate-for-share-locates/
Flush Trump Media, valued at $7 billion, booked less than $1 million in first-quarter sales https://www.cbsnews.com/news/trump-media-djt-first-quarter-revenue-less-than-1-million/ Trump Media & Technology Group, a startup majority-owned by former President Donald Trump that is valued at nearly $7 billion after going public in March, said it booked $770,500 in revenue during the first quarter, down from $1.1 million during the year-ago period. The company, whose main asset is the social media network Truth Social, also reported losing $327.6 million during the first three months of 2024 due largely to a charge for a financial transaction, according to a Monday regulatory filing. That compares with its year-earlier loss of $210,000. The report offers a glimpse into the finances of the newly public company, which says its mission is to provide an alternative to Facebook and other social media platforms. Since going public, Trump Media — whose shares trade under the ticker DJT, the same as former President Donald Trump's initials — have had a wild ride, sinking in its first few weeks of trading before rebounding to reach its current market capitalization. The volatility in its share price has prompted some analysts to compare Trump Media with meme stocks — companies that trade on social media buzz rather than traditional financial yardsticks such as profitability and revenue growth. The decline in first-quarter revenue could prompt questions about Trump Media's strategy and Truth Media's ability to appeal to a broad group of users and advertisers. While big losses aren't uncommon among tech startups, investors typically want to see strong revenue growth because it indicates that a fledgling business can grow quickly and eventually turn a profit. In a statement on Monday, Trump Media said its focus is on "long-term product development, rather than quarterly revenue." The company added that it plans to "increase revenue and drive long-term value" through new features, such as a streaming service that it is now developing. "We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Trump Media CEO Devin Nunes said in the statement. Trump Media said the $327.6 million loss was due a $311 million expense related to the conversion of promissory notes. Excluding that cost and other expenses, the company lost $12.1 million in the quarter, compared with a loss of $3.6 million in the same period a year earlier.
They know this. It’s posturing, grand standing, and creating media buzz. the magats can blame congress (an easy target for a hillbilly to understand) for trump stock going down.
Trump Media & Technology Group Corp (DJT) 43.78 -4.60 (-9.51%) 13:11 ET [NASDAQ] the next leg down price target: 0