Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

My smile grew larger with each paragraph.
But I reached near-euphoria with these masterpieces of financial journalism:
and…
😁
If anyone checked the filing presentation they literally put questions marks for their profitability. It was HILLARIOUS.
Before anyone asks, here it is:
https://www.sec.gov/Archives/edgar/data/1849635/000119312521348593/d242442dex992.htm
So they either did not do proper finance analysis or they are hiding numbers from shareholders, neither of which inspire confidence.
Material weaknesses means they "lost" paperwork, right? I'm guessing as that's his only move.
Dunno, I was actually leaning more towards the “indefensible, blatantly criminal fabrication of ‘facts’ of the sort that crumble under even the most casual gaze” kind of material weakness.
Material weakness means you failed the audit, and the firm will not state that the financial disclosures can be relied on.
Look in his bathroom, I’m sure it’s there somewhere.
I was looking for its meaning in finance and found this https://www.investopedia.com/terms/m/materialweakness.asp
LOL they are fubar