Post by AkidasarOn Tue, 21 May 2024 12:40:16 -0000 (UTC)
Post by Paul SzypulaTrump Media reports $770,500 revenue for first quarter, net loss of
$327.6 million
But we shouldn't ignore that 2023 was a much stronger year for Trump
Media:
https://tinyurl.com/5477952e
"The share price of Trump Media closed 21.47% lower Monday, hours
after the social media app company tied to former President Donald
Trump reported a net loss of $58.2 million on revenue of just $4.1
million in 2023."
Post by AkidasarNo debt to speak of = paper loss only. Cope.
Yeah, I'm sure the good times will return.
The big picture:
https://www.statista.com/outlook/amo/media/united-states
"Revenue in the Media market in the United States is forecasted to
reach US$526.40bn in 2024."
If we assume that Trump Media will perform on the same level the rest
of the year, and why shouldn't we, thereby generating a cool 3 mill in
revenue, it means that Trump, being the shrewd business man he is, has
conquered 0.00059% of the US media market. Cute.
--
Malte Runz