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Trump Media Q1/2024 (revisted)

 The numbers will not change the stock price.  Still

  • Q1/2024 revenues of $0.7 million ($2.8 million annualized) so down 37% on 2023 Q4/2023 revenues
  • Q1/2024 profits before taxes of $327 million loss for the quarter.  It had to do with a write-down of options of nearly $220 million but there are huge expenses of nearly $100 million added to the company...
  • Trump Social Media's largest advertisers are all part of the Trump empire.   
Revenues are down and all expenses are 3x or 4x higher.   

As for users who care, they are not part of the revenue equation.  

Although the stock is down about 10% it should be down 50%.   The results are disastrous for the company, there is no real income there is no real expectation of income, aside from what it seems new projects to stream TV...that's what Cable is for!

Note:   this is absolutely NOT investment advice, it's a cautionary tale.  

Note2:  The reason revenues are down is because traffic is down 30% between Q4/2023 and Q1/2024.

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