lol I got banned from /r/wallstreetbets today for pointing out this grift\meme stock and a mod got angry about it, temp banned, I appealed after he accused me of being political, which I wasn’t, I just mentioned that Trump is a grifter and this is just another example. He then muted me from appealing again, then banned me permanently.
I imagine he was a Trump supporter. :D Fuck Reddit.
C H I N A ! ! ! 🇨🇳
This is the best summary I could come up with:
An auditor has raised doubts about the ability of Donald Trump’s publicly traded company to stay in business, according to a new regulatory filing.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media’s “operating losses raise substantial doubt about its ability to continue as a going concern.”
In the filing, the company acknowledged that it expects to operate at a loss for the “foreseeable future” as it works to expand Truth Social’s user base and attract more advertisers.
“If he goes ahead [with selling], it could sink DJT by at least 15% to 40% based on option pricing,” said Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, in a research note.
Analysts also expect trading in the stock to be volatile while the legal and political fortunes of the former president shift as he seeks a new term in the White House.
“As with bitcoin, people buy Trump Media not for future cash flows but because: 1) they expect its price to rise, and 2) they feel an affiliation for the asset,” Rekenthaler wrote.
The original article contains 484 words, the summary contains 189 words. Saved 61%. I’m a bot and I’m open source!
It doesn’t really matter. It’s served its purpose.
