Wall Street loves DJT!

[RileyG]

The thread is about the stock market and Truth Social.

Ope! I just posted in the wrong thread on accident. My comment made no sense.

My apologies.

 

[FreeinChrist]

We all do that at times.

 

[essentialsaltes]

Truth Social keeps shrinking despite the Trump trial and looming election​

Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year over year in April to about 113,000, according to data shared exclusively with CNN from Similarweb, a data intelligence company.

X is down 11%
Reddit up 17%
Rumble down 17%

The good news for Truth Social is it didn’t lose users nearly as rapidly as Gettr. Similarweb said Gettr, a pro-Trump social media platform, has lost 72% of its average daily users on iOS and Android over the past year.

I can attest that GETTR is a hive of scum and villainy at this point.

 

[DaisyDay]

Truth Social keeps shrinking despite the Trump trial and looming election​

Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year over year in April to about 113,000, according to data shared exclusively with CNN from Similarweb, a data intelligence company.

X is down 11%
Reddit up 17%
Rumble down 17%

The good news for Truth Social is it didn’t lose users nearly as rapidly as Gettr. Similarweb said Gettr, a pro-Trump social media platform, has lost 72% of its average daily users on iOS and Android over the past year.

I can attest that GETTR is a hive of scum and villainy at this point.

Is Parler still in business? Frank has got to be kaput.

 

[essentialsaltes]

Is Parler still in business? Frank has got to be kaput.

Parler is set for a possible relaunch. Frank still seems to be around.

 

[essentialsaltes]

Q1 Results: Trump Media lost more than $300 million last quarter on very little revenue​

The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

 

[DaisyDay]

Q1 Results: Trump Media lost more than $300 million last quarter on very little revenue​

The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

Have they found an auditor licensed to do business in the US yet? People are saying they were not able to file their first quarterly financial report for 2024.

 

[iluvatar5150]

Have they found an auditor licensed to do business in the US yet? People are saying they were not able to file their first quarterly financial report for 2024.

yes

 

[Pommer]

Q1 Results: Trump Media lost more than $300 million last quarter on very little revenue​

The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

When can Trump sell his shares?

 

[iluvatar5150]

When can Trump sell his shares?

IIRC, he has to wait 6 months from the date they were issued unless the board votes to let him sell early. So.... October/November-ish.

 

[iluvatar5150]

Down about 20% in the last week, around half of which happened at opening today, after the news that they blew through $300m last quarter. Is this the start of a new slide?

 

[DaisyDay]

yes

Semple, Marchal & Cooper is Trump Media's New Auditor

Trump Media & Technology Group has reportedly dumped BF Borgers as its external auditor for Phoenix-based Semple, Marchal & Cooper.

www.cpapracticeadvisor.com

Semple, Marchal & Cooper is the current audit firm with an 18% deficiency rate (apparently that's not bad) compared to the former BF Borgers which had an astounding 100% deficiency rating.

 

[hislegacy]

View attachment 346106

Looks like it went up -

Down about 20% in the last week, around half of which happened at opening today, after the news that they blew through $300m last quarter. Is this the start of a new slide?

View attachment 348295

Well looky here when you do more than the last five days:

 

[iluvatar5150]

Looks like it went up -


Well looky here when you do more than the last five days:

View attachment 348338

I don't know what zooming out to 6 months gets you. DWAC didn't acquire Trump Media until the end of March, which is when that big spike happened. Yes, it's mostly rebounded, but t's still down a bit from when it started trading as DJT.

 

[hislegacy]

I don't know what zooming out to 6 months gets you. DWAC didn't acquire Trump Media until the end of March, which is when that big spike happened. Yes, it's mostly rebounded, but t's still down a bit from when it started trading as DJT.

yes, that is true - just like thousands of other stocks that go up and down -