> Trump’s media company, which also owns Truth Social, reports $238m lossPrevious | First | 1 | Last | Next
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Trump’s media company, which also owns Truth Social, reports $238m loss
Donald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.
Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the earnings that after a yearlong effort to expand into online betting and crypto, the company would be refocusing on social media.
“We made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives,” McGurn said. “We will say no to things or change course as warranted.”
https://www.theguardian.com/us-news/202 … mpany-loss
HES THE WORLDS GREATEST BUSINESSMAN, WAR LEADER, HUSBAND AND STATESMAN!!!!!!!!!!!!!!!!!!!
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VP_Spiro_T_CheneyRe: Trump’s media company, which also owns Truth Social, reports $238m loss
Huh… this big announcement from a few months ago seems to have already fallen into the memory hole:
“Trump Media & Technology Group Corp. (NYSE:DJT) entered the nuclear fusion race after it agreed to buy California-based fusion startup TAE Technologies in a $6-billion merger, creating one of the world's first publicly traded nuclear fusion companies. The merger is structured as an all-stock transaction whereby shareholders of both companies will each own roughly 50% of the new entity with the deal expected to close in mid-2026. TMTG agreed to provide TAE Technologies with up to $200 million in cash upon signing and an additional $100 million upon filing regulatory documents. The combined company will be led by co-CEOs Devin Nunes (current CEO of TMTG) and Michl Binderbauer (CEO of TAE), with Donald Trump Jr. also slated to join the board.”
Since then, Devin has apparently gone back to chopping up stolen cars and killing rats (his two earlier occupations) and DJT has pivoted on their pivot in a disciplined way.
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
I can afford!
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TrumpFU.png
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
What happened to nuclear fusion?
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
At $100K for a subscription to get my policies Truthed to you first, we'll be making money in no time!
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VP_Spiro_T_CheneyRe: Trump’s media company, which also owns Truth Social, reports $238m loss
wrote:
What happened to nuclear fusion?
It worked… or at least the press release did.
It suckered a few more gullible assholes into buying DJT stock.
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
LOSING MILLIONS IS WINNING! HE'S PLAYING 99 QUADRILLION D CHESS!!!
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
The death nail for DJT comes in November when the holders of $1B worth of DJT bonds have to make a choice: redeem their bonds for face value plus interest or exchange their bonds for DJT stock at a rate of $34 a share.
Given the share price is currently under $9 and dropping I think most of them will demand their money, which will totally wipe out all of the companies remaining cash and assets.
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Re: Trump’s media company, which also owns Truth Social, reports $238m loss
wrote:
The death nail for DJT comes in November when the holders of $1B worth of DJT bonds have to make a choice: redeem their bonds for face value plus interest or exchange their bonds for DJT stock at a rate of $34 a share.
Given the share price is currently under $9 and dropping I think most of them will demand their money, which will totally wipe out all of the companies remaining cash and assets.
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