Trump’s Media Company Lost HUNDREDS OF MILLIONS Of Dollars Last Year

Подробнее о видео

The Trump Media and Technology Group reported last month that they had lost more than $400 million last year, and only pulled in about $3 million in overall revenue. That is an astounding loss for a company run by a “very stable genius” businessman. An SEC filing at the end of February also showed that one-quarter of that revenue went straight into Donald Trump, Jr.’s pockets. To make things even worse, the company’s stock has been cut by more than half since Trump won the election in November. Ring of Fire’s Farron Cousins explains what’s happening.
 
Link –

Subscribe to stay connected to our stories:

Support us by becoming a member on YouTube:
Or Support us on Patreon:
Buy Ring of Fire merch:

Find us on social media!
Facebook:
Twitter:
Instagram:
TikTok:

*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Good news is few and far between at this point where we are in America right now. But every now and then there is a story that should make you feel happy and, and I feel like it is my responsibility. 'cause every single day on YouTube, I'm out there having to tell everybody how horrible everything is. So every now and then, it's nice to have a positive, uplifting story to talk about. And this one's actually, a lot of it came out like two weeks ago, but I had missed it. So let me just tell you about this really amazing piece of news that should put a smile on your face. And it's this Donald Trump's Trump media and technology group reported losses of $400 million last year. That's right. His truth. Social company lost $400 million last year after witnessing a 12% decline in revenue and their overall revenue, this is really pathetic. $3.6 million.

$3.6 million is what the Trump Media and technology group made last year in revenue. Not income, not net profits. 3.6 million in revenue before expenses. That is insane, folks, that is absolutely insane. Trump media and technology group made less than like the top five progressive YouTube channels out there. I guarantee you Midas touch and TYT, possibly even David Pacman, Brian, Tyler Cohen, hell, maybe even the majority report. I don't know. Um, they probably made at least close to that, if not more than that. So that's pretty remarkable. Oh, and it gets so much better. One quarter of that revenue that they brought in over $800,000 is what Donald Trump Jr. Alone was paid. So not only do we have this pathetic amount of money coming in, but let's give 25% of it to junior who only showed up to two meetings last year. That was the extent of his involvement. Two meetings, 400,000 a pop. That's a good job, by the way. Truth social. If you're looking for somebody to show up for a meeting and get paid $400,000, I'll do five a year, right? And they're just throwing that offer out there. I'll show up for five meetings. I won't even say a word, but 400,000 a pop. Uh, yeah, I'll absolutely do that with a without question. Um, and it gets even better. Here's the real positive start. Uh, part, here's the

Update. I guess. As we all know, following Donald Trump's election in November, the stock price of the Trump media and technology group, DJT on the uh, stock ticker went way up. You know, it was expected it was either gonna crash if he lost or go up if he won. And it did go up, it went up a lot. Not to the highest point it's ever been, but it, you know, was making good gains. I'm pleased to report that as of this week, all of those gains have been erased. And to make it even funnier, those gains were actually erased before the stock market crashed. When Donald Trump announced his tariffs, it went down even more after that. But this stock is so bad that even the owner of it, Donald Trump being the president of the United States, can't save it. It dropped down to, uh, I think at the time, last time I had looked, was like 22 bucks a share. After the election, it jumped up to over $45 a share. So he's lost all the gains that he had made, lost billions of dollars. As a result of that, the company is not making anything. It is hemorrhaging money left and right. And even being president is not enough to save truth social. So if you needed something to smile about today, there it is, folks.