A stable genius...
Truth Social shares go into freefall after investors learn how much money it really makes
Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw.
Shares in the firm plummeted by more than 15 percent in the hours after it released its financial statement, thus shaving billions of dollars off its market cap.
As of noon on Monday, the shares were trading in the $51 range, after having closed at just under $62 the previous trading day.
As Forbes reports, this development has taken an axe to former President Donald Trump's personal stake in the firm, which some observers speculated he would use to help pay off his considerable legal bills.
" Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its peak of $6.25 billion to Monday’s $4.25 billion," the publication writes.
Guest wrote:Cactus Jack wrote:Iteats wrote:
No acronym needed for Trump, just his name tells you enough.
No acronym but in rhyming slang
Donald = Donald Duck = Fuck
And Trump is a regional colloquialism, used mainly in Yorkshire and parts of the North East, for a fart.
So Donald Trump = Fuck Fart.
Like the rest of your posts....you're stretching your credibility to breaking point. Using a medical condition is no excuse for your stupidity.
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