Trump Media, the brainchild of former President Donald Trump, has been making headlines recently for all the wrong reasons. The company reported a staggering loss of $327.6 million in the first quarter of 2024, with only $770,500 in revenue. As a result, Trump Media’s stock dropped by more than 10%.
The numbers are mind-boggling – how can a company with such meager revenue incur such massive losses? The expenses seem disproportionate to any rational business model, leading to speculation about where the money is going. The fact that the losses are attributed to non-cash expenses only adds to the mystery surrounding the company’s financials.… Continue reading
The accounting firm that Trump hired for his media firm’s IPO has been caught red-handed, copy-and-pasting previous audits and forging dates. This firm, BF Borgers CPA PC, owned by Benjamin F. Borgers, misspelled his own name in regulatory filings, raising even more questions about their credibility. It’s baffling to think that such blatant fraudulent activities were happening right under the nose of one of the most powerful individuals in the country.
The fact that Trump, the man who claims to hire only the best, chose such a shady accounting firm speaks volumes about his own ethics and values. It’s either sheer incompetence on his part or a deliberate act of deception, either way, it reflects poorly on him.… Continue reading
Trump Media shares have taken a nosedive after the company announced plans to issue additional DJT stock. As an onlooker, it’s no surprise to see the stock plummeting, down 14% as of 9:53 AM. It seems like this isn’t your typical stock market situation; rather, it feels like a way to potentially bribe Trump if he wins in November. I can’t help but feel a mix of pity and disbelief for those who invested in this hyped up penny stock, only to see it shed another 10% in value. The situation seems almost comical if it wasn’t so tragic for the unsuspecting shareholders caught in the scheme.… Continue reading
John Q. Hosedrinker 
Matt Underwood