trump’s Truth Social company posted its new financials to the SEC.
The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.
Market cap is > $6 billion. Notice that rather prominent -$40 million in debt… who would be lending money to trump Media?
And even more indicative — the “change in fair value of derivative liabilities” that padded their 2022 balance sheet to make the numbers look favorable
Derivative liability refers to the legal responsibility for a wrong that someone else has the right to seek compensation for. – A main driver in shrub’s recession.
DJT stock is nothing but a money laundering financial fraud lawsuit waiting to happen.
The party of law and order hates when it’s applied to them.
trump supporters:
When donnie said he could “stand in the middle of 5th Avenue and shoot somebody and not lose any voters,” he wasn’t calling you loyal; he was calling you stupid.
The same people who say it’s a conflict of interest for the judge to have a daughter who’s a democrat seem to have no problem with Clarence Thomas’ wife actively participating in the Jan 6th coup attempt.
Or the walking, talking sack of conflict of interest in Florida pretending to be a judge.
To clarify, HR2 was a slapped together pos with zero dem involvement, designed to fail and for the gullible ignorant to point to. The repug led bipartisan senate bill which gave repugs most of what they wanted was widely supported and set to pass was killed by trump. That’s once again cons playing politics putting party over country.
“H.R. 2 does nothing to address the root causes of migration, reduces humanitarian protections, and restricts lawful pathways, which are critical alternatives to unlawful entry.
The bill would cut off nearly all access to humanitarian protections in ways that are inconsistent with our Nation’s values and international obligations. In addition, the bill would make processing less efficient by prohibiting the use of the CBP One mobile application to process noncitizens and restricting DHS’s parole authority, such that successful programs, like “Uniting for Ukraine,” would be prohibited. The bill would also reduce authorized funding for essential programs including the Shelter and Services Program that provides a critical source of funds for state and local governments and reduces pressure at the border.
While we welcome Congress’ engagement on meaningful steps to address immigration and the challenges at the border, this bill would make things worse, not better. Because this bill does very little to actually increase border security while doing a great deal to trample on the Nation’s core values and international obligations, it should be rejected." —Pres. Biden
1989, Reagan said: “We lead the world because, unique among nations, we draw our people—our strength—from every country and every corner of the world. And by doing so we continuously renew and enrich our nation…. Thanks to each wave of new arrivals to this land of opportunity, we’re a nation forever young, forever bursting with energy and new ideas, and always on the cutting edge, always leading the world to the next frontier. This quality is vital to our future as a nation. If we ever closed the door to new Americans, our leadership in the world would soon be lost.”
He tried to fix immigration bottlenecks exacerbated by his failed polices in Central and South America, only to have it sabotaged by his own incompetent party, just as they’ve done consistently up to now.
The con Party has depended on the xenophobic and bigoted white supremacist attitudes of the lower white non-college educated working class and evangelical groups to win elections. They have been steadily losing influence in the suburban and exurban areas, which are generally better educated and less subject to xenophobia.
And the Party owners want a captive and fearful workforce to underpay and abuse. With the added cudgel to use against dems, they have no incentive to fix it and so blindly follow trump’s orders.
trump’s Truth Social company posted its new financials to the SEC.
The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.
Market cap is > $6 billion. Notice that rather prominent -$40 million in debt… who would be lending money to trump Media?
And even more indicative — the “change in fair value of derivative liabilities” that padded their 2022 balance sheet to make the numbers look favorable
Derivative liability refers to the legal responsibility for a wrong that someone else has the right to seek compensation for. – A main driver in shrub’s recession.
DJT stock is nothing but a money laundering financial fraud lawsuit waiting to happen.