Truth Social operator Trump Media & Technology Group (TMTG) revealed earlier this month that it had burned through an apocalyptic $712.1 million last year — while only making $3.7 million. The company’s alarming financials did little to buoy waning investor enthusiasm, with shares continuing a months-long plunge that reached an all-time low last week.
Somehow, the situation has only gotten even more dire since then, with shares dipping well below $9. TMTG was going for as little as $8.50 on Thursday morning, a stunning loss of over 50 percent across the last six months and a drop from even the miserly figures it traded at earlier this week.
It’s a far cry of the venture’s record high of just shy of $80 shortly after it merged with a blank check acquisition company in March 2024, a move allowing it to be publicly listed under Trump’s initials, DJT.
SixIsNotANumber on
So I guess bots can’t be programmed to circle-jerk each other indefinitely quite yet.
Good to know.
Elizabeth-WildFox886 on
Good
RobertRoyal82 on
We don’t care. End the war and put him in prison
nicspace101 on
Suddenly?
LowerPick7038 on
How does a social media software eat through that much money in a year?
Kevinmc479 on
Gee, that’s unfortunate, thoughts and prayers.
wjames0394 on
Another distraction from the Epstein files.
CentralIdiotAgency on
A man who somehow managed to bankrupt a casino has another failed venture?
Naaaah /s
EatMoreBlueberries on
Where did they spend $700M? How much if that ended up in the pockets of Trump and his friends?
Dry-Lifeguard-5754 on
Good
diarrheaticavenger on
Did things ever look good for it?
Capital_Elderberry28 on
Is there anybody stupid enough to be surprised?
scottyjrules on
Remember when Jimmy Carter had to sell his family’s peanut farm?
HappyMike91 on
Trump supporters will still say that he is a success and that everything he does is a complete success. Even though the exact opposite is true.
He’s probably one of the best examples of “failing upward” I can think of.
Alone-in-a-crowd-1 on
Suddenly?
Mwahaha_790 on
Suddenly?
Admirable_Nothing on
Heck, it is getting more affordable. It has come down from a price to sales ratio of 2000 to a P/S of only 686 now. Buy the Dip! /S
twkellen on
Maybe he could post the unredacted Trump Files with special guest Epstein there – that would generate traffic.
Logistic_Engine on
“Suddenly”?
Zombieutinsel on
I been hearing that since it first started…..
ialsohaveadobro on
Wow. I can’t believe people are losing money investing in a money-laundering operation.
HumanWithComputer on
TS was launched basically as a social media platform for one single user after Don Trumpleone was banned from Twitter and other social media platforms after the January 6 Capitol attack. Not surprising it doesn’t have staying power with such a narrow basis for existing in the first place.
bastante60 on
Who tf buys those shares?? ROFL
CurrentlyLucid on
Well, there is a limited market for their only product, which is of course Bullshit.
drzrdt on
This guy has the “Shiteas” touch. Everything he touches, turns to absolute shit!
SirWillingham on
This is what happens to all trump companies. He doesn’t run the country, why would anyone expect he runs any company his name is attached to. How it goes. Someone paid him to put his stupid name on it and that pumped up the company short term. Everyone with two brain cells dumped it and now it’s bleeding out. Anyone holding the bag is stupid.
random-guy-here on
“Suddenly”? Nobody could have seen this coming. /s
Marsupialize on
How could there possibly be one person on this planet who isn’t sick to death of this embarrassing dimwitted clown and his boring grifter nonsense?
samplergal on
What a shame. Now release the Epstein files.
thereverendpuck on
Suddenly?
pogwilzino on
This title implies they looked even marginally good at any point…
32 Comments
Truth Social operator Trump Media & Technology Group (TMTG) revealed earlier this month that it had burned through an apocalyptic $712.1 million last year — while only making $3.7 million. The company’s alarming financials did little to buoy waning investor enthusiasm, with shares continuing a months-long plunge that reached an all-time low last week.
Somehow, the situation has only gotten even more dire since then, with shares dipping well below $9. TMTG was going for as little as $8.50 on Thursday morning, a stunning loss of over 50 percent across the last six months and a drop from even the miserly figures it traded at earlier this week.
It’s a far cry of the venture’s record high of just shy of $80 shortly after it merged with a blank check acquisition company in March 2024, a move allowing it to be publicly listed under Trump’s initials, DJT.
So I guess bots can’t be programmed to circle-jerk each other indefinitely quite yet.
Good to know.
Good
We don’t care. End the war and put him in prison
Suddenly?
How does a social media software eat through that much money in a year?
Gee, that’s unfortunate, thoughts and prayers.
Another distraction from the Epstein files.
A man who somehow managed to bankrupt a casino has another failed venture?
Naaaah /s
Where did they spend $700M? How much if that ended up in the pockets of Trump and his friends?
Good
Did things ever look good for it?
Is there anybody stupid enough to be surprised?
Remember when Jimmy Carter had to sell his family’s peanut farm?
Trump supporters will still say that he is a success and that everything he does is a complete success. Even though the exact opposite is true.
He’s probably one of the best examples of “failing upward” I can think of.
Suddenly?
Suddenly?
Heck, it is getting more affordable. It has come down from a price to sales ratio of 2000 to a P/S of only 686 now. Buy the Dip! /S
Maybe he could post the unredacted Trump Files with special guest Epstein there – that would generate traffic.
“Suddenly”?
I been hearing that since it first started…..
Wow. I can’t believe people are losing money investing in a money-laundering operation.
TS was launched basically as a social media platform for one single user after Don Trumpleone was banned from Twitter and other social media platforms after the January 6 Capitol attack. Not surprising it doesn’t have staying power with such a narrow basis for existing in the first place.
Who tf buys those shares?? ROFL
Well, there is a limited market for their only product, which is of course Bullshit.
This guy has the “Shiteas” touch. Everything he touches, turns to absolute shit!
This is what happens to all trump companies. He doesn’t run the country, why would anyone expect he runs any company his name is attached to. How it goes. Someone paid him to put his stupid name on it and that pumped up the company short term. Everyone with two brain cells dumped it and now it’s bleeding out. Anyone holding the bag is stupid.
“Suddenly”? Nobody could have seen this coming. /s
How could there possibly be one person on this planet who isn’t sick to death of this embarrassing dimwitted clown and his boring grifter nonsense?
What a shame. Now release the Epstein files.
Suddenly?
This title implies they looked even marginally good at any point…