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Trump Media and Technology Group Corporation

Trump Media and Technology Group Corporation (DJT)

43.91
-0.68
(-1.53%)
Closed May 23 4:00PM
44.01
0.10
(0.23%)
After Hours: 7:59PM

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DJT Discussion

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OMOLIVES OMOLIVES 2 hours ago
The market is full of idiots and just about everything is way over valued. So take that into consideration. Ten year average P/E:

https://www.multpl.com/shiller-pe

yeah...it's really messed up out there and most fail to see it or just ignore it. It's gonna be bad :)
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Ryoko Ryoko 2 hours ago
DJT started as the result of a hissy fit for getting booted from Twitter. But in the end I believe it's become a way to launder money from shady sources. The valuation is totally insane. I find it hard to believe that the open market would support such a ridiculous market value for a company that's on the edge of collapse without some funny business going on behind the scenes.
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OMOLIVES OMOLIVES 2 hours ago
lol...I know. But you also know how accounting works. Seriously though...no one rarely talks about the company beyond mostly Zorax spitting out the user numbers. Which are dreadful. What's insane here is how they released their platform. As I said, it's a closed box..and that is not an acceptable means to attract customers at this stage...never is.

What Are Open and Closed Social Networks?

Open social networks allow internet users to view content through search engines and interact with anyone who uses the platform. Pinterest is a great example of an open social network. Let’s say that you type “wedding decor” in Google’s search engine. One of the top search results comes from Pinterest. Those who have Pinterest accounts can then comment on the posts, repin them or save them for later despite not being in the network of the post’s owner.

In contrast, closed social media networks are restricted. They set limits on who can see your content and you won’t find content on those networks unless you specifically search for them. Facebook and LinkedIn are examples of closed networks depending on the personalised setting you use on each site.
What Is the Best Social Media Network Choice for My Business?

Ultimately, your social media network choice depends on your target audience and how visible you want to make your profile. Open networks help your social media pages grow at a faster pace, but they limit your privacy. Closed networks help you create a community filled with customers who are highly engaged with your brand. In fact, they are best used when you already have an established customer base that you can invite to join your network.

The choice is yours but remember that the social media network you choose impacts:

- The growth of your social media channel
- Your ability to generate leads and win new customers
- Be viewed as an authority in your niche
https://www.hilarydefreitas.com/open-and-closed-social-media-networks/


As I said..it's purpose is not revenue..it's cash flow. And not the typical "cash flow" you see on the balance sheet.
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janice shell janice shell 2 hours ago
It raised $300 million against a $700,000 recent quarterly filing. It's for his campaign..his backers and his personal bank. The SEC tried their best.

It actively LOST a little more than $300 million in the first quarter of this year. In which it made about $700K. That's disgraceful.

The $293 million was, as you say, the amount raised by the SPAC. It is not part of the more than $300 million the company lost in the first quarter. I haven't read the quarterly, but it's really impressive that it managed to lose so much.

Trump would like to be able to say it's successful, but it won't be.
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OMOLIVES OMOLIVES 2 hours ago
Yes Janice, that is how SPACS work. Are you trying to tell me that this closed box:

https://truthsocial.com/

Was created to generate revenue? If so, how does it attract users needed to produce revenue. Am I just supposed to log in first and then see? I'm sorry Janice..that is not how any business does it. Truth Social came about after Trump lost the election...it's sole purpose is to promote the Trump Brand. That's it....and the IPO investors(real ones) loaded up for two reasons. One to make fat bank and two...support the presidential run of Trump. You would have to have shit for brains to not see that.

I'm sorry...but i can not remember the last time some cat ran for president and IPO'd a social media company at the same time. I've searched campaign laws to find how this is possible or allowable...and nothing.

It raised $300 million against a $700,000 recent quarterly filing. It's for his campaign..his backers and his personal bank. The SEC tried their best.
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janice shell janice shell 3 hours ago
and everything to do with a presidential candidate with an extremely high profile wanting his "closed box" social media Company to go public...during an election year. Hello cash flow.

What? It has nothing to do with cash flow. As you surely recall, DJT was formerly a SPAC called DWAC. DWAC raised some $293 million--no, I'm not gonna look it up, but that's close--which was transferred to DJT when the merger was consummated.

That's how SPACs work.
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OMOLIVES OMOLIVES 3 hours ago
They stalled man...and there is nothing wrong about that. I surely would have. You keep putting words in my mouth that I never said. They SEC never did any thing corrupt...and they were completely within their scope. It had nothing to do with ruining the company..and everything to do with a presidential candidate with an extremely high profile wanting his "closed box" social media Company to go public...during an election year. Hello cash flow.

That's just fn' common sense. They had targets..took them out...and just went through the motions after such. How is that corrupt? The S-1 was filed on 05/26/2021 and became effective on February 14, 2024.

-this was the last order via SEC https://www.sec.gov/news/press-release/2023-135 July 2023

Yeah right...they didn't stall shite'. There are some unique similarities between the SEC and a Court of Law. If you don't think stalling is a given in both ....then hello newbie' and thank goodness you have never had to wait through it.

The naivety is so damn alarming, almost as much as the political aluminum hats so many idiots wear.
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Running Wild Running Wild 6 hours ago
Hi DJT turd

💩
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LJ-Bodhi LJ-Bodhi 9 hours ago
Volume appears to be drying up here.
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Zorax Zorax 23 hours ago
What in the hell am I rationalizing?Do you need the last word that badly? I had no intention of acknowledging your posts any more to cease noise on the board.

However this comment proves what my contention of your covert defense tactics...
The fact that you believe there was no crime by apparently accusing the SEC of 'stalling' and that the SEC was just stalling to ruin the company, what, out of spite? Hate? Clearly the implication is that the SEC is also corrupt. Blaming it on everything and everyone else is classic.

The SEC doesn't stall. They are still understaffed and under funded. However they got two or three insider trading indictments out of all their stalling.

Pretty sure that is how the SEC viewed it..and tried their best stalling such
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OMOLIVES OMOLIVES 1 day ago
?? I said this:

It's not set up to generate revenue as much as it is set up to generate cash flow


Pretty sure that is how the SEC viewed it..and tried their best stalling such

It's actually quite brilliant ..but far from an actual business

Hard to prove though.(which is why it is brilliant).

What in the hell am I rationalizing?
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JOHNNIEBG JOHNNIEBG 2 days ago
Good bye, We all love it when someone can't handle the truth. We are just happy we are not on other boards that you are on....
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Zorax Zorax 2 days ago
💥BOOM💥
Don't let your djt certs slap you on the ass on the way out.
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Zorax Zorax 2 days ago
It's actually quite brilliant ..There you go again, trying to rationalize and justify this criminal enterprise because it's not brilliant at all, it's a basket of criminal deplorable's. And so are you. Please put me on ignore.
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miles2go miles2go 2 days ago
There’s pro and con and then there’s constant derogatory remarks. My point was if someone is doing nothing but spewing hate it would appear they have no real interest in constructive debate. There are other boards for that - for this stock specifically. There is a great value in pro and con and sharing of info. But his pattern and lots of others- was not that. I’m off this board because I see absolutely no value to it, so I will just wish y’all good trading.
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janice shell janice shell 2 days ago
No. Your "point" was that people with no "vested interest" in DJT should leave the board.

That is not your call. Owning the stock is not a requirement for posting on any of IHub's message boards.
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janice shell janice shell 2 days ago
You made no point. IHub's message boards are for discussion, pro and con.

You should know that. You've been here for a while.
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janice shell janice shell 2 days ago
How can a company lose 320 million when it doesn't generate 3 million in 2 1/2 years?

They did a billion dollar PIPE not long ago.
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janice shell janice shell 2 days ago
Was there an announcement of another SEC investigation? Haven't opened the news yet.

Nope. It was just the effect of that wretched earnings report.
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StayHumble StayHumble 2 days ago
This SEC Stock Scam is a Mess
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OMOLIVES OMOLIVES 2 days ago
It's not set up to generate revenue as much as it is set up to generate cash flow. Pretty sure that is how the SEC viewed it..and tried their best stalling such. It's actually quite brilliant ..but far from an actual business. Hard to prove though.
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miles2go miles2go 2 days ago
Thanks for proving my point.
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miles2go miles2go 2 days ago
Like I said- smh.
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JOHNNIEBG JOHNNIEBG 2 days ago
Who in hell are you to tell someone to move along. This board is for anyone interested in the DJT stock even if they are not trading it. I, for one, am watching it to see how fast it sinks to penny stock status before claiming bankruptcy. If you are a trader, then do your trading however you want, but don't tell someone else that need to move along....... No class along with being one sided. It's ok for you to trade it but nobody can just talk about it. How Lame..... Get a life and if you don't like people just talking about it, MOVE ALONG!!!!!
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JOHNNIEBG JOHNNIEBG 2 days ago
That 275 million probably won't last through this year let along anything else. It is all BS from Numes to keep those loyal DJT holders and Trumpies right in line until September when they can all dump their share and make their millions or billions. Hopefully the price will be single digit by then and they will get hardly anything........
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miles2go miles2go 2 days ago
Honestly smh… if you don’t have a vested interest here move along.
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Zorax Zorax 2 days ago
💥BOOM💥
Talk about convoluted. 320+ million loss but still holding cash on hand? Did they have 750 million somewhere?
And I wonder who they'll steal the streaming software and platform from? And still nunes the failed other guy keeps saying they're on track for massive growth.

Still, Trump Media reported having just under $274 million in cash and cash equivalents, which allows it “to fund its activities for the foreseeable future.”

Former Republican Rep. Denin Nunes, the company’s CEO, said Trump Media “is well-positioned at this early stage to grow quickly and fulfill our mission.”

“Our positive working capital allows us to explore and pursue a wide array of initiatives and innovations to build out the Truth Social platform, including potential mergers and acquisitions activities,” Nunes added. “We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform.”
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Running Wild Running Wild 2 days ago
Hi DJT turd

💩
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Zorax Zorax 2 days ago
Thought so .... insider theft.

Trump Media also suffered a loss of about $320 million, including $311.0 million “in non-cash expenses arising from the conversion of promissory notes, and the associated elimination of prior liabilities” prior to the completion of the merger on March 25, the company said in a press release discussing the earnings.
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JOHNNIEBG JOHNNIEBG 2 days ago
Gee, when you round up, it's a million dollars, imagine that!!!!!
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JOHNNIEBG JOHNNIEBG 2 days ago
It's ok BILL, I don't have any money in it. I am just trying to get the MAGA supporters to buy it up......... Thanks for the concern, This POS will be a penny stock before long, and straight to bankruptcy. Just like everything else that Trump has tried to pawn off on his faithful followers......
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Zorax Zorax 2 days ago
I'd love to see an unedited itemized profit/loss statement from djt.
How can a company lose 320 million when it doesn't generate 3 million in 2 1/2 years?
Is the loss the 300 million they had to give back somehow?

Seriously, how does a cheap shitty app, the lone product other than stock, lose 320 million dollars?
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Sonic Boom Sonic Boom 2 days ago
Trump media posted quarterly financials. It shows a net loss of 327 million dollars over the past 3 months and a total revenue of 700k. Ouch!!!
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Cuppy Cuppy 2 days ago
Interestingly, the headline said they had $770 million in revenue, which was wrong. The body of the story has the correct amount: $770,000.
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LongBalls LongBalls 2 days ago
Enough said! https://apple.news/A5t5_Sv6_ThOTPHmjR7GnQA
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Spuds McKenz66 Spuds McKenz66 2 days ago
Black swan is close, expect 13 bones per share DJT
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Prudent Capitalist Prudent Capitalist 2 days ago
Where are you coming up with a million dollars in revenue for Q1? total revenue was only $770,500 for the first quarter.
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Bill2 Bill2 2 days ago
Maybe will be at 5.00 before going to 500 a share, this is way over value for a million dollars revenue on first quarter.
Sell before you loose all your money.
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Zorax Zorax 2 days ago
💥BOOM💥
Looking at djt (djt the COMPANY) totally omitting all the nonsense and baggage outside the company and not finding a single reality based positive factor about djt but an avalanche of negative destructive conduct for example:
... Stealing a known public/open source which allows anyone to use as long as they follow the open source guidelines of giving credit and listings ... djt claimed the entire library of code as their own and publicly announced in corp disclaimers that their ts program was written entirely from scratch. This is publicly documented and litigated against djt which lost by admitting and rewriting most the djt disclaimers and corp filings.

... Attempting to merge with a shell company created by bad actors orlando and nunes and others they forced 8 or more questionable revotes for the merger into themselves by creating extensions that are also questionable until they announced it passed.

... These votes were extended because the SEC had d-w-acked/djt under investigation one month after going public on the stock market, some charges were insider trading and financial questionable conduct by orlando, nunes and his cow. The SEC investigation so far has convicted at least two djt insiders of illegal insider trading and the SEC may have other investigations ongoing with djt.

... Constant failure to keep current with Nasdaq and receiving at least two warnings of removal from their listing.

... Hired a known shady accounting firm after many turned djt down only to have that firm indicted and shut down. New firm may be just as shady.

... Musical chairs of many officers of the two companies and massive stock compensation packages to top executives of d-w-a-cked/djt.

... Loans and convoluted financial dealings with numerous off shore countries and China.

... many other questionable corp structure conduct.
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JOHNNIEBG JOHNNIEBG 2 days ago
To all you MAGA buyers and holders, never fear, David Nunes says the company is in great shape and will be a very profitable business real soon. So hurry up and buy that DJT stock now so you won't miss out when it hits $500. You can ask Slime Time when it will hit $500 because he has all the information.... HURRY UP, BUY IT NOW !!!!!!!!!
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Prudent Capitalist Prudent Capitalist 2 days ago
Very ugly earnings report out from DJT after the close. DJT reported a net loss of ($327.6 Million) for the 1st Quarter of 2024, but the most damaging was its confirmation that DJT had just $770,500 in total revenue in the 1st Quarter of this year. This company is likely insolvent and will not make it.
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HUNGRY JOE HUNGRY JOE 2 days ago
You can add EX CON to that awful resume and more convictions to come
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JOHNNIEBG JOHNNIEBG 2 days ago
They announced their quarterly earnings yesterday............
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Eking4More Eking4More 2 days ago
so FOS
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JOHNNIEBG JOHNNIEBG 2 days ago
like i said yesterday, couldn't wait for today, Just what I expected !!!!!!!!!!!!!!!!!!!
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Cuppy Cuppy 2 days ago
I would not be surprised if there's a bankruptcy by the end of the year.
----
bankruptcy is Trump's core competency.
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Ryoko Ryoko 2 days ago
I don't think there's any announcement regarding the SEC. The dismal report is more than enough to send this to the basement. I think it's more of a case of people realizing that this is going nowhere but down. You know a company is in trouble when the owners want to bail. I would not be surprised if there's a bankruptcy by the end of the year.
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Zorax Zorax 2 days ago
Okay, pre market went badly or nowhere but at open it fell off a cliff instantly over 10% ...
It may or may not recover at all today. And it's only tuesday.
Was there an announcement of another SEC investigation? Haven't opened the news yet.
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Ryoko Ryoko 3 days ago
If you annualize the quarterly income, it's about $3M. That's down from the $4M in previously reported revenue. Me thinks this ship is taking on water and sinking.
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Zorax Zorax 3 days ago
After hours isn't helping at all. For weeks after hours pulled it back up to open levels, and then pre market would send it a few ticks above open and maybe it would do minor uptrend... but not the last couple of weeks.

If pre market continues down, that breaking the rhythm of the trend roller coaster.
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