Truth social did 4.1 million in sales last year. Holy crap. My company is bigger than that!!
But get this. They managed to lose 58 million. That’s incredible.
The financial folks 4 days before they went public warned that unless outside financing occurs or finances dramatically turn for the better? This new listing may run aground in the next 6-12 months.
Despite this ridiculous and embarrassing performance, The company is worth about $5.5 billion after losing 42% off its high. Trump owns about 60% of it I believe he has vesting options for 40
Million more shares. Which he gets if the stock stays above $17 for another week or two. Not sure if they automatically convey to him or if there’s a price To pay.
Either way this is nuts to have a 5.5 billion dollar value on something with 4 mil a year in sales that’s bleeding cash. It’s purely a 3rd or 4th rate media platform that has no traffic and exists to promote a presidential candidate. This is the high point. The next 9 months. Trump is going cash out of a billion. Leave the rest in hoping it sustains. It won’t but he should have enough antics to keep the price up and pay off his judgements.
Complete scam happening in front of our very eyes Can’t believe this is legal
Trump should be careful, otherwise he will get sued.
I read that none of the owners including Trump can sell any stock for 6 months, not sure if that’s accurate . Taking this POS company public could turn out to be one of the greatest grifts ever. Under $5 million in annual revenue? Doubt it could have gone public as an IPO, had to go SPAC. This stock could go sour pretty quick