The Malignant Loser's struggling media company Trump Media, which own the failing Truth Social platform, reported a loss of $16 million in the financial quarter ending on June 30. The Malignant Loser is the main shareholder for the sham company. From CNBC:
"The stock price of Trump Media, which trades under the DJT ticker, has fallen sharply from a high of more than $71 per share shortly after began publicly trading in late March following a merger with a so-called special purpose acquisition corporation. [snip]
About half of the loss for the past quarter was due to legal expenses related to Trump Media's merger with Digital World Acquisition Corp., the company said.
'Additionally, the Company incurred $3.1 million of IT consulting and software licensing expenses, primarily related to its software licensing agreement to power its new TV streaming service,' Trump Media said in a press release.
Revenue for the most recent quarter of $839,000 compared to $1.2 million for the same quarter last year." (our emphasis)
We have zero sympathy for the mindless cult members who bought shares in this shady enterprise and have lost bigly (see: there's a sucker born every minute). We have to wonder about those "legal expenses" related to the merger; it wouldn't surprise us if some of those expenses were payments to his criminal defense teams. Also, the paltry revenue numbers spell trouble and the trend is downward. It may not be long before the Malignant Loser sends a frantic message to his cult begging for their dollars to keep it afloat.
(Photo illustration by Jonathan Raa/NurPhoto via Getty Images)
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