ICYMI, earlier today Trump Media reported losing $401 million last year on $3.6 million in revenue. - ThreadSky

zacheverson.com • 8 days ago

ICYMI, earlier today Trump Media reported losing $401 million last year on $3.6 million in revenue.

Comments

onefatcatsmom.bsky.social•8 days ago

Huh.

bobbiegarnet.bsky.social•8 days ago

Don't worry, now that Trump has sugar daddy Musk paying off all of his debts in exchange for letting Elon be the Proxy President, Combover Caligula has nothing to worry about.

fromtheburgh.bsky.social•8 days ago

Great business man! Filing for bankruptcy yet!

lisa-lum.bsky.social•8 days ago

Hmm and X is up.

canadianbacon66.bsky.social•8 days ago

X ?

lisa-lum.bsky.social•8 days ago

Since Elon took over the WH the banks were able to sell the X debt, meaning more people are investing in it.

rjejr.bsky.social•8 days ago

“Trump Media reported losing $401 million last year on $3.6 million in revenue.”

Maybe he can ask Elon to have Big Balls take a look at it to figure out the fraud and waste? 🤷🏻‍♂️

teamgiantasteroid.bsky.social•8 days ago

Another wildly successful Trump venture.

ericrubenlaw.bsky.social•8 days ago

Everything he touches turns to 💩.

occamshavecream.bsky.social•8 days ago

Including us

fairwarning.bsky.social•8 days ago

How in the fuck is the Apprentice guy so bad at business?

almagestsf.bsky.social•8 days ago

And the stock price doesn't move. I think it's become a place to launder payments to Trump. I suspect Tesla stock is becoming the same thing for Musk.

ctrltxquilting.bsky.social•8 days ago

Sounds like the way he’s planning to run the country.

ladylegasuscupcake.bsky.social•8 days ago

Grifters be grifting

joe-bauers.bsky.social•8 days ago

Awesome work!

turtlesatwd.bsky.social•8 days ago

And of course it is up in after hours. It is the bitcoin of trump steaks.

hangten500.bsky.social•8 days ago

You’re doing a hellava job Brownie

3dogdad.bsky.social•8 days ago

Getting financially ratioed

1oldlady.bsky.social•8 days ago

What?

injusticejustice.bsky.social•8 days ago

Con-sistent ....

tallboy66.bsky.social•8 days ago

EloNazi stock went up briefly on news of Trump buying $400 million armored Teslas but then "tanked" after being rejected

Next is boycotting his supporters and not paying federal income tax

2 fish out of water

pazooter.bsky.social•8 days ago

velikizeko.bsky.social•5 days ago

Great Bussinessman. Good at Business. Def want that kind of clear-eyed leadership taking an axe to government

pickle11-0.bsky.social•7 days ago

Let’s see his taxes

hoosiercaddie.bsky.social•8 days ago

This company solely exists as a money laundering operation

zacheverson.com•8 days ago

Good question!

From the time he became CEO in Jan. 2022 through mid-October 2024, Devin Nunes made about $6.3 million from running Trump Media.

https://www.forbes.com/sites/zacheverson/2024/10/14/devin-nunes-earned-running-truth-social-trump-media/

zacheverson.com•8 days ago

Holy schnikes!

In April, Trump Media celebrated its success with a party at Mar-a-Lago.

Per today's filing, looks the company paid $78,200 to Mar-a-Lago to hose the event.

That's $78,200 going from Trump's public company to Trump's private club.

ordinary-observer.bsky.social•8 days ago

Self-dealing. This reminds me of Adam Neumann at WeWork buying apartment buildings and then renting them out to WeWork. It was basically a way to funnel money from venture capital investors into his own wallet.

Trump's grift is similar, but he's scamming people who buy public DJT stock.

rimaregas.com•8 days ago

Shocking...

jezcab.bsky.social•8 days ago

Master grifter

calmthoughts.bsky.social•8 days ago

Can’t be prosecuted! Has Absolute Immunity !!!

indie-rachael.bsky.social•8 days ago

That's cheap compared to what American taxpayers are charged every time Trump plays golf there.

asharpie.bsky.social•8 days ago

"hose the event" ...

zacheverson.com•8 days ago

Oops

zacheverson.com•8 days ago

Here's the relevant passage

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036125004822/ef20039039_10k.htm#fact-identifier-736

zacheverson.com•8 days ago

Apparently the dishes will not wash themselves (and I've given them 48 hours to do so).

To be continued...

cgtygesen.bsky.social•8 days ago

I confirm the null hypothesis by running this experiment at least twice a week.

blandphilosophy.bsky.social•8 days ago

zacheverson.com•8 days ago

Still here?

Then this starter pack is perfect for you (and please let me know if there’s anyone else I should include)—

msoregon.bsky.social•8 days ago

Following

doge25.bsky.social•8 days ago

Damn. I thought we deleted that evidence. #DOGE

craigwinston.bsky.social•8 days ago

Is TMTG the restaurant/bar in Goodfellas? It comes in the front and goes out the back. Skim as much as you can. Who cares about making a profit? And when they burn it down what will be destroyed besides his loyal base?

failurecommunicate.bsky.social•8 days ago

Because they play by a different set of rules than the rest of us.

doyoulikepizza.bsky.social•8 days ago

What’re the odds Junior has at least two six-figure loans out against some of his shares to fund his coke habit?

alexfilonov.bsky.social•7 days ago

Another perfect Trump business: 3.6 million revenue, 401 million loss, finances by others.

ide1.bsky.social•8 days ago

He is a loser!

gregradwanski.bsky.social•8 days ago

Nice laundromat you got there.

timswan.bsky.social•8 days ago

He’s always been smoke and mirrors. I don’t understand it, but I’ve found him disgusting since the 1980s.

mbou.bsky.social•8 days ago

A genius businessman! Art of the Deal!

bewellgroomed.bsky.social•8 days ago

This should automatically flash on every available nearby screens when ever any dummy says “but he’s a business man”

antiquequaalude.bsky.social•8 days ago

So what you're telling me is they spent $400m on completely bogus contracts and are literally just laundering money but Trump oversees enforcement of that so nobody will give a shit?

richfoxexists.bsky.social•8 days ago

When you’re a dictator, they let you do it.

maryjanesbiatch.bsky.social•8 days ago

📌

mamawinf.bsky.social•8 days ago

Yet “we” want him to run our country? 🤦🏼‍♀️ What could possibly go wrong?

(I seem to ask this a lot lately!)

andrewross.net•8 days ago

Trump Media is just the loss leader that keeps the rubes frothing at the mouth over whatever distraction he points them at.

gbliss.bsky.social•8 days ago

How does a company that makes less than $4 million lose MORE THAN $401 million?

What are they paying Devin Nunes?

livecut.bsky.social•8 days ago

It's called pissing away lots of capital invested by dupes and brown-nosers.

jezcab.bsky.social•8 days ago

That was the MO of young techies during the first https://dot.com boon!!

robert.hill.cx•8 days ago

According to this, they're blaming a lot of it on "$107.4 million in stock-based compensation expense and a further $225.9 million recorded as an accounting loss due to changes in the fair value of derivative liabilities".

I have no idea what that means though.

https://www.sec.gov/Archives/edgar/data/1849635/000114036125004799/ef20043654_ex99-1.htm

robert.hill.cx•8 days ago

Though of course they couldn't resist a dig at Biden in there: "Partly as a result of obstruction by the Biden-era Securities and Exchange Commission [...]"