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

Rapidcreek@lemmy.world to politics @lemmy.world – 352 points –
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
cnbc.com
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Lmfao. Here's a pic for the super lazy.

Screenshot showing "?B" for truth social

I strive to be super lazy. I was disappointed after having already clicked the link and wasted an untold number of seconds finding that slide only to scroll down and see it here.

Ha lmao same 🀣

You're doing God's work firewitch/witchfire

Holy goddamn shit, that's not even the funniest part of that! They estimate $3.6 billion in revenue by 2026? What fucking super-adderall-DMT-coke-meth-unicorn-fart drug are they smoking?

If they install a dictator and ban all other social media and also ban not participating in social media, then yeah, that’s actually a pretty conservative estimate.

They even mentioned that they estimated 15M monetized users and 10M recurring media subscriptions. So they're estimating $1.2B per year for the next 3 years of those 25M users. That's $48/mo between those 2 types of subscriptions. In the presentation they directly compared themselves to Twitter who charges $11/mo and Netflix, Apple, Disney+, and Amazon who all charge between $4.99 and $8.99 per month for basic service.

That's AT MOST $20/mo if all of those users paid for both. Which they dont even claim. So a competitive price for a Twitter blue alternative would net them ~$180M and ~$100M from media subscriptions. Where in the world are they getting the other $920M in their projections?

β€œBig Tent Approach - all are welcome”. 🀣

From page 25 of this presentation:

A graphic shows a Trump post on Truth social that reads.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut pretium pretium tempor. Ut eget imperdiet neque.

Which google translates to:

The customer is very important, the customer will be followed by the customer. In order to pay the price in time. It does not need financing.

Lorem ipsum is a pretty common placeholder text in publishing, to give an idea of what a font/page layout would look like.

In other words, they thought it safer to use random placeholder gibberish for their presentation, than use Trump's actual shitposts.