Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million.
I was just wondering how they even managed to get publicly listed with that track record. Apparently a reverse merger with a company previously set up for just that purpose is just a slap on the wrist.
Its apparently not that uncommon a move, as according to what I’ve watched about it, it allows the company using the trick to go public without going through the checks and balances that the FTC usually does.
What is uncommon is that they fucked it up at least twice that I can recall. They were supposed to go public summer 2023.
Yeah, that stock is totally undervalued.
I was just wondering how they even managed to get publicly listed with that track record. Apparently a reverse merger with a company previously set up for just that purpose is just a slap on the wrist.
Its apparently not that uncommon a move, as according to what I’ve watched about it, it allows the company using the trick to go public without going through the checks and balances that the FTC usually does.
What is uncommon is that they fucked it up at least twice that I can recall. They were supposed to go public summer 2023.
Traditional methods of stock valuation went out the window when people turned specific stocks into memes. It’s playing with fire, really