Trump Media/Truth Social and DWAC merge under the new ticker DJT...

Rhea was supposed to get a new SyFy series Vince Gilligan created especially for her. Supposedly Apple TV+ agreed to order two seasons of it.

Vince Gilligan's Next Series Starring Rhea Seehorn Lands At Apple TV+

'Better Call Saul' Star Rhea Seehorn Teases New Show With Vince Gilligan

 

That's awesome. Just knowing those two already presume it will be very high quality.

 

Up 7% to 50.08

 

I have no doubt it will go up, for now. Cold up here in the mountains, going for some fleece

 

Like I said, someone came in and rescued it, now folks feel safe in jumping in because it’s supported.
But anyone who thinks buying a stock trading at 1000 times earnings is smart long term just because it has the orange one’s name on it is a fool.
Eventually fundamentals will win, they pretty much always do. And when they do, fair value, even treating it like a hot growth stock, is maybe 2 dollars a share. Trump, as always will likely have gotten clear by then and all his rubes will be left holding the bag. And they will do it again next time he asks.

 

And they will blame the Deep/Liberal/Fake when it happens.

 

Scare tactic to try and prevent other short-sellers to prop up the price of their sham company.

 

Another demonstration that Donald Trump is the greatest con artist in history. Hopefully he won't be able to con his way to the presidency again although that remains a real possibility.

 

Trump’s auditor charged with massive fraud. This is my shocked face.

https://www.cnbc.com/2024/05/03/tru...nently-barred-from-public-company-audits.html

 

Wonder how many companies who perform public audit have “totally legit” headquarters like this?

Yep, definitely looks like the type of place to have $14 million cash on hand to pay off SEC with. Nothing to see here. Move along.

 

Wait, you are telling me that you can't trust the guy who sometimes spells his own name "B Forgers" to give honest and accurate audits?

 

Reality is most likely that the company sought out a fraudulent auditor, but I'm sure we'll hear that the company was an innocent victim that was completely blindsided by this development.

At some point the defense of "we were just relying on our hired experts" has to lose credibility when you keep hiring experts who have no credibility themselves.

 

"Look, we just googled 'auditor' and this guy working behind a Vietnamese grocery in Suburban Denver was the first result. Our hands were really tied here."

 

"Look we just googled "4 seasons" and we found this place to hold a press conference. "

 

Well. That escalated quickly.


Trump’s Truth Social media company posts $327m first-quarter loss | Donald Trump | The Guardian


Trump Media and Technology Group, the owner of Donald Trump’s social networking site Truth Social, lost more than $300m last quarter, according to its first earnings report as a publicly traded company.

For the three-month period that ended 31 March, the company posted a loss of $327.6m, which it said included $311m in non-cash expenses related to its merger with a company called Digital World, which was essentially a pile of cash looking for a target to merge with.

It’s an example of a special purpose acquisition company, or Spac, which can give young companies quicker and easier routes to getting their shares trading publicly.

A year earlier, Trump Media posted a loss of $210,300.

 

They posted a 327 million dollar loss today against 770k in revenue.
And it’s valued at 6 billion dollars.
Seems legit.