Things are suddenly looking incredibly bad for Trump's social media company

[Yo_Mama_Been_Loggin]

President Donald Trump’s struggling Truth Social social network, traded on the stock market as Trump Media & Technology Group (TMTG), revealed earlier this month that it had burned through a staggering $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. At the time of writing, TMTG’s shares are circling the drain at around $8.59, a stunning loss of over 50 percent over the last six months and over six percent today alone.

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.

https://www.msn.com/en-us/money/markets/things-are-suddenly-looking-incredibly-bad-for-trump-s-social-media-company/ar-AA1YZyCh

[jls4561]

1. Thoughts and prayers. Or bots and shares.

[leftieNanner]

2. It's down to 8.36 now

[belpejic]

3. If you made a good faith investment

TMTG, then you probably shouldn't be allowed to trade securities. In fact, you may not even be able to use your phone--I don't know if those are allowed on the psych ward.

[lame54]

4. Been hearing this since day one

[Arthur_Frain]

7. Because its not for investing, it's for money laundering

Between his crypto currency grift and the djt “media empire” any legit business interests would have long ago been shunned. It’s like everybody in the underworld decided he was going to be their useful idiot.

I’ll give them that. He’s been very, very useful to them. I have to wonder though, every tool like this has had a point where they cease to be useful. Still waiting, but when it comes, I’m hoping for something spectacular.

[muriel_volestrangler]

11. Yeah, that money has to be going somewhere dodgy

I can't see how it would take hundreds of millions to run a small social media site that no one uses apart from The Rapist.

[Kid Berwyn]

5. Couldn't happen to a bigger fraud.

Hope his "investors" go broke and wind up in jail, too.

[Celerity]

6. He will order the US Gubmint to buy it for 100 USD per share.

MAGAts will rejoice, vibrating in raw, open ecstasy, and will hail him as the greatest financial mind in history, a god walking the earth.

[maxrandb]

8. JFC! Musk, Bezos or Zuckerberg could lose $700,000,000 in a year

and, to them, it would amount to the change we find when we vacuum under the seat cushions.

Shit like this isn't there to make money, it's there to propagandize for shit the billionaires can really profit from.

Bozos didn't pay Melania $100M because he thought her documentary was The Godfather, or even Godfather III.

A billion dollars is chump change for access to the reigns of a country worth $32 Trillion annually.

[MustLoveBeagles]

9. Gee isn't that a shame

[JustABozoOnThisBus]

10. C'mon, this is just a little short-term pain ...

... before the coming long-term pain.

[tanyev]

12. Oh, oh dear.

[EdmondDantes_]

13. With revenue of 3.7 million and spending 712 million

I'm not sure that "suddenly" is the word I'd use to describe when this problem came up.

[UTUSN]

14. Is the flunky Devin NUNES still "running" it (into the ground) along the KRASNOV business model?