Trump Stock is TANKING after SEC Filing…
The MeidasTouch Podcast
MeidasTouch Network
4.9 • 56.4K Ratings
🗓️ 1 April 2024
⏱️ 14 minutes
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| 0:00.0 | This episode is brought to you by Kraken. |
| 0:03.0 | Krypto is like the financial system, but different. |
| 0:06.0 | He doesn't care where you come from, |
| 0:08.0 | what you look like, your credit score, |
| 0:10.0 | or your outrageous food delivery habits. |
| 0:13.0 | crypto is financed for everyone, everywhere, all the time. |
| 0:17.0 | Visit Krakon.com slash see what crypto can be. |
| 0:21.0 | To learn more, Don't invest in |
| 0:23.5 | unless you're prepared to lose all the money you invest. |
| 0:25.7 | This is a high-risk investment and you should not expect to be |
| 0:28.0 | protected if something goes wrong. |
| 0:30.1 | The Trump media stock is absolutely tanking today and this follows Trump media making a filing with the SEC and 8K filing revealing that the company had generated just 4.1 million with an M, 4.1 million dollars in |
| 0:50.0 | revenue for all of 2023 while racking up a 58 million dollar net loss in 2023. |
| 1:01.4 | As Justin Baragona reporter states these numbers are very similar to the |
| 1:07.6 | messenger which went under in less than a year although I would correct that slightly. The messenger was having about |
| 1:17.4 | 18 to 19 million visitors per month. I believe the Trump media website, Truth Social, is getting something in the range |
| 1:27.1 | of between 5 and 10 million unique visitors every single month, so actually far less than the |
| 1:34.7 | messengers we could just take a look right here at the consolidated statement of |
| 1:39.3 | operations from Trump Media and Technology Group. |
| 1:42.8 | So you can just see it for yourself. |
| 1:45.0 | This was in the filing with the SEC. |
| 1:47.8 | If you look at the P&Ls, you can just see it was a $58 million loss. |
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