@Rapidcreek to politics • 9 days agoDJT shares tumble 13% as Trump Media stock sell-off accelerateswww.cnbc.comexternal-linkmessage-square43arrow-up1315arrow-down14
arrow-up1311arrow-down1external-linkDJT shares tumble 13% as Trump Media stock sell-off accelerateswww.cnbc.com@Rapidcreek to politics • 9 days agomessage-square43
minus-square@dragontamerlinkEnglish6•9 days agoInterest rates are 5.25% right now. If they just put that money in a money-market fund, they’d be getting ~$25 million/year in profits alone. Just $4 Million in profits is hilariously bad. It means the company is doing worse than a pile of cash.
minus-square@evidenceslink2•9 days agoThey’re doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.
Interest rates are 5.25% right now. If they just put that money in a money-market fund, they’d be getting ~$25 million/year in profits alone.
Just $4 Million in profits is hilariously bad. It means the company is doing worse than a pile of cash.
They’re doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.