|
Post by ferris1248 on Apr 16, 2024 5:27:52 GMT -5
"The rocky ride continues for Trump Media & Technology investors. On Monday, shares plunged another 18.4% as the company said it planned to issue more stock." "While this is not uncommon for SPAC stocks, the addition of 21.5 million shares will put more than 15% in additional float on the market. Such dilution is never a way to win over shareholders." "Those who bought the Donald Trump stock at recent highs are nursing painful losses. Trump Media stock is now down more than 66% from the stock's 2024 high, which it touched on March 26." "People who hung on after purchasing Trump Media at its all-time high of 175 — reached in October 2021 when it was still Digital World Acquisition — have lost nearly 85% of their money." www.investors.com/market-trend/stock-market-today/dow-jones-nasdaq-sp500-elon-musk-cathie-wood/?src=A00220
|
|
|
Post by ferris1248 on Apr 16, 2024 6:43:49 GMT -5
WithumSmith+Brown quit being the auditor for Trump Media just months after being appointed. The firm didn't want to be associated with Donald Trump and his company, per the Financial Times. The accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. But the firm resigned before the end of 2021, the FT reported citing people familiar with the matter. According to the FT's sources, WithumSmith+Brown no longer wanted to be associated with Trump and his company after several months on the job. The accounting firm declined to comment on why it had resigned when approached by the FT. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The Public Company Accounting Oversight Board said it identified multiple deficiencies in every audit it had reviewed from BF Borgers in the past two years, per Bloomberg. BF Borgers was also removed from the American Institute of Certified Public Accountants' peer review program in November "because the firm was found to be so seriously deficient in its performance that education and remedial, corrective actions are not adequate." www.msn.com/en-us/news/politics/an-accounting-firm-hired-to-vet-truth-social-s-financials-quit-after-less-than-a-year-because-it-no-longer-wanted-to-be-linked-to-trump-ft/ar-BB1lGtqa?ocid=winp1taskbar&cvid=967b83845908493f879802c28b962d13&ei=17
|
|
|
Post by nikonoclast on Apr 16, 2024 8:36:16 GMT -5
This mornings NY Times also discussed the machinations surrounding "Truth" social and Trump Media.
"Shares ... plunged on Monday after the company filed to register the potential sale of tens of millions of additional shares."
"Since a surge in the first days of trading ... shares have dropped about 60 percent."
Warrants to buy the stock at a preset price have also plunged about 50% since the start of the month.
Investors probably found little comfort in the filing since it also granted Trump an additional 36 million shares.
Last year, Trump Media reported $4.1 million in revenue, all of it from advertising, and Lost $58 million dollars along the way.
Small wonder that Trump Media stock is one of the most heavily shorted stocks in the United States.
Stay tuned, sports fans ... this will be a wild ride.
|
|
|
Post by ferris1248 on Apr 16, 2024 8:56:55 GMT -5
Interesting.........Is it real or just pumping the stock? "(Reuters) -Trump Media & Technology Group is planning to roll out a live TV streaming platform in phases, the Truth Social parent said on Tuesday." "The social media company linked to former US president Donald Trump will launch Truth Social's content delivery network for streaming live TV on the app for Android, iOS and Web in the first phase." "It plans to release the streaming apps for TV in the final third phase, the company said, without disclosing a timeline. It has carried out six months of testing of the technology." "Shares of Trump Media rose slightly in premarket trading on Tuesday, up 1.5%, after the news." finance.yahoo.com/news/donald-trumps-media-firm-roll-102105544.html
|
|
|
Post by Captj on Apr 16, 2024 10:06:19 GMT -5
They'll disclose launch dates after jury selection.
|
|
|
Post by biminitwisted on Apr 16, 2024 11:23:18 GMT -5
Interesting.........Is it real or just pumping the stock? "(Reuters) -Trump Media & Technology Group is planning to roll out a live TV streaming platform in phases, the Truth Social parent said on Tuesday." "The social media company linked to former US president Donald Trump will launch Truth Social's content delivery network for streaming live TV on the app for Android, iOS and Web in the first phase." "It plans to release the streaming apps for TV in the final third phase, the company said, without disclosing a timeline. It has carried out six months of testing of the technology." "Shares of Trump Media rose slightly in premarket trading on Tuesday, up 1.5%, after the news." finance.yahoo.com/news/donald-trumps-media-firm-roll-102105544.htmlPump doesn't seem to be working. 23.42 USD −3.19 (11.99%)today
|
|
|
Post by biminitwisted on Apr 16, 2024 14:40:10 GMT -5
TIMBAH!
22.99 USD −3.62 (13.60%)today
|
|
|
Post by biminitwisted on Apr 16, 2024 15:06:23 GMT -5
President Biden: If Trump's stock in his Truth Social company drops any lower, he might do better under my tax plan than his.
|
|
|
Post by illinoisfisherman on Apr 16, 2024 15:23:52 GMT -5
Damn. He’s down to only an 1.4 billion now. 🤣😂👍
|
|
|
Post by biminitwisted on Apr 16, 2024 15:31:14 GMT -5
Damn. He’s down to only an 1.4 billion now. 🤣😂👍 He'll be fine. Conmen and scoundrels usually are. Shame about all the hard working supporters losing their shits though. But, lay down with dogs...
|
|
|
Post by illinoisfisherman on Apr 16, 2024 15:34:03 GMT -5
Everyone goes into stock investing with their eyes open. No Villanova here.
|
|
|
Post by biminitwisted on Apr 16, 2024 15:47:04 GMT -5
|
|
|
Post by nikonoclast on Apr 16, 2024 18:03:07 GMT -5
Thanks for the reminder.
I had completely forgotten about Trump Mortgage and Trump Shuttle.
|
|
|
Post by nikonoclast on Apr 16, 2024 18:12:25 GMT -5
Will this "pump & dump" scheme succeed?
There's a chance it might ... though it stinks on ice.
Even if he does get access to more cash, it will be too late.
The $175 million bond Trump supposedly posted will probably be found deficient.
It's just another scam ... all the fine print ... all the film-flam ... going straight down the tubes.
Trump doesn't have the money, and nobody will put themselves on the line to loan it to him.
By the end of next week, if not sooner, the compound interest will kick in, and his property will be seized.
|
|
|
Post by tonyroma on Apr 17, 2024 0:01:28 GMT -5
Everyone goes into stock investing with their eyes open. No Villanova here. Thats the thing with Trump supporters , they have complete faith in the messiah. When grandma and pop pop lose every single penny, then what happens? Rubes gonna rube. And he will ask for another 5$ donation next week. It’s F’ing sad.
|
|