want to do bidness with potus, TMTG is looking to partner with you had a major infusion of $774M in cash from unknown sources. that is a 30,000% increase in a month..nothing to see here we know we don't really do anything, or make any money, or produce anything, but we want to use our valuation to create a merger with your real company in exchange for letting you join us.. need a gubmnt contract, partner with us on a hotel in Istanbul need a wetland permit, partner with us on the illegal gold mine pesky gubmnt investgation, partner with us, we know a guy want to export oil from Venezuela...partner with us on that shipping venture to haul it all, maybe even a jones act exemption for you can someone explain to me what their source of income is that moves the income from $2.6 to $776.8 M in a month? MAGA - you down with this?? Trump Media Files Intent to Find 'Mergers & Acquisitions Across Multiple Industries' Trump Media & Technology Group (TMTG), the parent company of Truth Social, said in a regulatory filing on Friday that it is "exploring mergers & acquisitions across multiple industries." The company also shared that its cash and short-term investments surged from $2.6 million at the end of 2023 to $776.8 million by the end of 2024. ................. "We will continue to explore opportunities to partner, merge with, and acquire other entities that are able to function effectively if TMTG evolves into a holding company with subsidiaries spanning several industries," TMTG CEO Devin Nunes said in a statement accompanying the filing. ...................... There were a handful of noteworthy financial details in the company's 8-K filing. Last year, TMTG had $3.6 million in net sales, along with $11.6 million in net interest income; the company said its revenue was due largely to "incipient advertising initiatives and tests of other monetization projects with various partners." TMTG's filing did not offer details on the big jump in cash and short-term investments. The company reported $61 million in cash used for operating activities, with about half of that going towards legal expenses. There was also $107.4 million in stock-based compensation last year.
I said this at least 6 months ago!!!!!! It's just going to get bought out by somebody who wants to buy favor from Trump. Granted, I was wrong and I thought that Twitter/Musk would be the ones buying favor from Trump, but he already bought favor from Trump for $288 million in the election.
Well gosh, that sure does seem like a lot of money to invest in a social media venture. It must be because the company possesses some IP that is highly valuable, a large and growing user base, and a well-established plan for monetization....
How do you increase cash by $770M with no fundraiser? Is this what the musketeers are doing at treasury?
hedge fund just announced a big short right when trump listed his shares as being for sale soon sounds like a good time to buy in MAGA..amiright... lot of otherwise good people about to lose a lot of money, direct transfer into DJT pocket..and they won't even admit they were scammed.. this will be interesting to track is it continues to collapse and the trump crime syndicate liquidates Hedge fund reveals $105 million short against Trump Media, the owner of Truth Social Qube Research & Technologies disclosed a net short position in Trump Media & Technology Group — representing 2.5% of the Truth Social owner's outstanding shares — in Germany's Federal Gazette on Monday. The wager is valued at about $105 million, based on TMTG's market value of about $4.2 billion. Breakout Point, the research firm that first spotted the filing, said in a note emailed to Business Insider that this was the first short wager against TMTG to be disclosed to regulators, and QRT's second-biggest short in percentage terms. Other short sellers have targeted the stock in the past. This filing was likely made to comply with Germany's short-selling regulations, intended to increase market transparency. TMTG shares tumbled to a six-month low this month after the company registered for sale shares belonging to Trump — who owns 53% of the business — and several other shareholders.
