From Trump Media’s 10-K filing this week: “.. a number of companies that were associated with President Donald J. Trump have filed for bankruptcy. There can be no assurances that $TMTG will not also become bankrupt.” s3.amazonaws.com/sec.irpass.c.... - ThreadSky

carlquintanilla.bsky.social • 6 days ago

From Trump Media’s 10-K filing this week:

“.. a number of companies that were associated with President Donald J. Trump have filed for bankruptcy. There can be no assurances that $TMTG will not also become bankrupt.”

https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-25-004822.htm#Item7A.

Comments

doverkarl.bsky.social•5 days ago

😂 he’s sucked in the past, present and future

bullbearjeff.bsky.social•5 days ago

Best news all week. 👍

robupstate.bsky.social•6 days ago

Of course, the campaign is over.

liannefinger.bsky.social•6 days ago

📌

jweland.bsky.social•6 days ago

“But he’s a great businessman…”

henry-614.bsky.social•5 days ago

The man cannot operate a business if his life depended upon it. But, he sure knows how to crime. Jfc

macri112.bsky.social•6 days ago

Maybe we should all file bankruptcy and just wipe away all of our debt. Frees up cash to move to another country or have less stress. Hard working people feel shame if they file bankruptcy while these guys use it as a business tactic. Fucking nuts

randyjk.bsky.social•5 days ago

Not all of us are allowed to do this legally. Yes, it’s something reserved for a certain economic class, not the regular folks.

gafo.bsky.social•6 days ago

#ETTD

jimr60.bsky.social•5 days ago

Investors will ignore this

milksteakops.bsky.social•5 days ago

jamesondaniels.bsky.social•6 days ago

Trump's been morally bankrupt his entire life. This should come as no surprise.

sorencookie.bsky.social•5 days ago

Did Trump University not go bankrupt?

invertedpyramid.bsky.social•6 days ago

Correct me if I'm wrong, but most if not all of these Chapter 11 cases stemmed from Trump refusing to make good on bond payments associated with his A.C. casino ventures. He stiffed the bondholders and then skipped out every time this happened. No wonder he ended up having to go to Deutsche Bank ...

shanemcoyle.bsky.social•6 days ago

Another Worthless Clause

benevoluspf.bsky.social•5 days ago

Hahahahahahahahaha. He’s cursed, and he’s trying to punish us for it. Or maybe he’s just a shitty businessman and even shittier president.

sstan99.bsky.social•6 days ago

I know companies need to list risks on their 10-K but those feels like a promise that TMTG will go bankrupt

kenwegrzyn.bsky.social•6 days ago

remarkable59.bsky.social•6 days ago

The Kennedy Center will be bankrupt in no time. Just another Trump failure to add to the list.

rogerjharris.bsky.social•5 days ago

Yep. No-one in DC will want to turn up to the propagandistic shows he's promising. Then he will prob just shutter it.

pepe-mccormack.bsky.social•5 days ago

I guess the rubles are drying.

campsdaddy.bsky.social•5 days ago

My guess, a very large government contract will save the day.

n83z01qbui.bsky.social•5 days ago

@nick-carmody.bsky.social @davetroy.com

504swamppirate.bsky.social•6 days ago

That’s what businessmen do… start something using other people’s money and if it fails, bail on it via bankruptcy. Our government can’t run that way.

randyjk.bsky.social•5 days ago

If a person can’t afford to pay their rent and other living expenses, while also carrying student loan debt, do they get to bail on it and move on? I seem to remember a Sen Grassley being instrumental in making that impossible. Guess the rich guys can do it, though, right?

invertedpyramid.bsky.social•6 days ago

One big difference now: cryptocurrencies.

anonemus13.bsky.social•6 days ago

The grift is strong with this one.

anonemus13.bsky.social•6 days ago

We do water. The best water. Billions and billions of water. You’ve never tasted water like this water. I have the best people making the best water.

nudgecloud.bsky.social•6 days ago

I have the best people passing the best water

docdavelo.bsky.social•5 days ago

🤣

freshpeppers.bsky.social•6 days ago

Putting the economy in the hands of a president with multiple bankruptcies, and a guy whose car company has been profitable largely on the back of gov’t intervention, seems like a solid idea.

pruttan.bsky.social•6 days ago

It’s already morally bankrupt might as well join everything else Trump touches and go financially bankrupt

suewhitcomb.bsky.social•6 days ago

Hire a businessman, expect failure:

rihannon.bsky.social•5 days ago

Gives me such confidence in his ability to run our country. 😫

oaksn.bsky.social•6 days ago

Are they suggesting we should add united states to that list?

reparsons.bsky.social•5 days ago

For the people who claim government should run like a business, don't pick a guy who has a history of bankruptcy and another guy who wrecked 75% of Twitter's value. P.S. also this is not how a successful business is run anyway...

fungibev.bsky.social•6 days ago

Trump Media Technology group (TMTG) had a loss of $400.9 million in 2024. That’s after a loss of $58.2 million in 2023.

marine98.bsky.social•5 days ago

They have about 2 years worth of cash and have pretty much zero revenue or growth. Insane that it is still worth almost $7 billion.

timmykbay.bsky.social•5 days ago

It really is insane. Absolute stupidity of cult stocks and cryptos. I take some pleasure in knowing it's only worth that on paper, and it will tank when people cash out. Too bad that the already mighty rich will be the only ones that win from it though.

buckquivas.bsky.social•5 days ago

First time I’ve ever read something like that in a 10-K.

And I deal with ShitCos all the time.

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