DJT Falls After First Earnings Report as a Publicly-Traded Company

Trump Media & Technology (DJT) falls after its first earnings report as a publicly-traded company. Renita Young, Jenny Horne, and Alex Coffey discuss this as DJT reports $327.6M loss in 1Q. They talk about how social media stocks tumble after DJT reports an over $300M loss. Tune in to find out more about the stock market today.
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[@NeilBaxter-mg5cx]

He has to launder a lot more to also cover his judgement in NY ..

[@NeilBaxter-mg5cx]

This guy is sucking cash out if this company, and calling it “expenses”.. this is exactly what he did with his casinos (formerly djt)…this time , he’s also laundering campaign money ..

[@NeilBaxter-mg5cx]

Don’t worry .. the market is overpriced ..It will adjust and wash all of this crap out soon ..

[@pg245091]

They spent $330 million just to sell $700 thousand worth of ads. Wow. I know Trump is terrible at business, but that's a new record!

[@johncox5839]

$330 million was a non-cash write off due to stock conversion. Stock was higher priced at IPO at $50 than when they were a SPAC which was $9. It’s just a book entry. You must have not taken Accounting in college.

[@NeilBaxter-mg5cx]

Dude …does it really matter ?? They are blowing through cash … and with no fundamentals… Its a shit stock …

[@NeilBaxter-mg5cx]

They have 50% less revenue than the same time last year , with no market reach and no talent … The writing is on the wall..

[@johncox5839]

@@NeilBaxter-mg5cx they have $230m cash on hand. The $330m is an accounting entry. Not actual negative cash. Did you take accounting or do you just have TDS?

[@johncox5839]

@@NeilBaxter-mg5cx when he becomes president and that’s his press release vehicle every news outlet will have to download and use the platform daily. Secondly, stock price has zero correlation to sales, revenue, earnings and only a small correlation to cash flow and solvency. Not sure if you’ve ever taken a class on stocks but you might want to read up on how the market actually works.

[@konrad387]

Very weak commentaries.Sad

[@philipaubin4679]

This is a worthless meme stock, so just say it loud and often. The MAGA investors are going to lose their shirts.