We are now entering the dump phase
Truth Social posted its financials today, and woof:
Trump's Truth Social company posted its new financials to the SEC today.
The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.
Market cap is > $6 billion.
(This isn't an April 1 joke.)https://t.co/8MrCbNDHiT pic.twitter.com/Pejxq8UtwY— Bill Grueskin (@BGrueskin) April 1, 2024
Former Congressman Devin Nunes is the CEO and is allocated just 115,000 shares.
Meanwhile, Trump gets nearly 79 million shares. pic.twitter.com/n4vFTJkv5A— Bill Grueskin (@BGrueskin) April 1, 2024
LOL at the share allocation for Don Jr.
Anyway, in light of this let’s check in on the related meme stock:
Trump better get that waiver soon if he doesn’t want to be the mark in his own pump-and-dump con.