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Re: DR_rugby post# 138977

Sunday, 05/05/2024 12:42:55 PM

Sunday, May 05, 2024 12:42:55 PM

Post# of 141475
Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023.

The figures underscore why some experts warn Trump Media's multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.

RELATED: Truth Social stock: Former President Trump's media company begins trading on Nasdaq

In a filing on Monday, Trump Media said it lost $58.2 million in 2023, compared with a profit of $50.5 million in 2022.

The Truth Social owner generated just $4.1 million in revenue, although that was up from $1.5 million in 2022
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Now they join the fray of other companies that have been complaining about shorting/naked shorting for years now like $GTII.
https://franknez.com/gtii-pursues-legal-action-against-naked-shorts/
$AMC and $GME among other tickers in the same boat trying to remedy the attacks on their respective Companys by improving the business model.

So transparent.........

$AMC baby~!
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