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#1 | Posted by Corky at 2025-11-17 05:22 PM
Ha... losing money in the Casino bidness was good training for losing money in the media bidness.
Mistake #1 - thinking that DJT/Trump Media is a "media business"
Mistake #2 - thinking that Trump and his cronies are "losing money"
Only the stupid "investors" who, for some reason, keep betting on Trump "brand" as if it ever paid off for outsiders, lose money by financing Trump's scams.
TMTG was never meant to be profitable - it's just another vehicle to draw/launder money from and increase the circle of Don's "affiliates" for other [scam] ventures - DJT's revenue for last 12 months was puny $3.6M; the 2024 salary and 'bonus' of figurehead CEO Devin Nunes alone was $1.6M and his other comp. was valued at >$44M when fully vested.
BTW, Trump Media CTO is Vladimir Novachki, a Macedonian who is in the US on H-1B visa requested by Trump. He already cashed in more than $1.25M and has shares valued about $5M at current stock price.
www.propublica.org -
Trump Media Stock Crashing Hard... Donald Trump's social network, Truth Social, is on life support.
Whoever wrote this doesn't understand financial 'anatomy of the scam' - stock is crashing not because company is "losing money" or is "unlikely to make a profit" but because the value of the stock is tied to the value of crypto bought with invested and/or borrowed cash. But with more than $150M in cash + $2.5B in [crypto] assets it will take a long time to die even as crypto keeps crashing, so company is dying all right, but is hardly "on life support" yet - still years and a lot of money to burn / drain from people who think they invested in a rising brand.
That's what "Bitcoin/crypto treasury" companies are all about - they are 'zombie stocks' that speculate on mix of crypto 'coins' to rise in price. Paying attention to their "losses" is missing the point of "enterprise."
Same with Trump's Son #1 and Son #2 companies, like American Bitcoin (ABTC), Dominari Financial/Securities/Holdings (DOMH) etc.
Eric Trump, freshly-minted crypto evangelist, is pushing crypto hard because that's their newest scam and their income and wealth depend on higher values of major crypto 'projects' like Bitcoin and Ethereum as well as their own alt-coins like $WLF:
finance.yahoo.com -
|------- "It's the greatest hedge against inflation ... against corruption ... against poorly managed monetary systems around the world. That's why you see this global influx into bitcoin. It's probably become the greatest asset of our time" - Eric Trump at Yahoo Finance's Invest event.
Trump has made no secret of his big bet on cryptocurrency. Alongside his brother Donald Jr., he co-founded American Bitcoin (ABTC), a crypto mining firm that went public in September and now sports a market value of roughly $4 billion. ...
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Eric also has a tin ear:
www.mediaite.com - 'Out of Touch': Eric Trump Roundly Mocked for Comment About Drinking Wine and Trading $500 Million in Bitcoin - 2025-11-13
These public companies are intended for chumps who think Trumps are their ticket to riches and can somehow affect the value of "crypto treasury" company instead of mostly tracking the value of crypto holdings and shareholders' cash being drained by them. **
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