Y A W N.
And. . . no surprise, at all -- the company's sales revenue actually fell by over 13%, compared to the year 2023 (see page F-5, there).
This company is burning through $136 million a year in overhead expenses in Atlanta (including renting a house for CEO Devin Nunes for $7,000 a month; he can't AFFORD to rent his OWN house, on the salary?!) -- but shows a market capitalization of over. . . $6.6 billion, on just ~$3.7 million in sales?!?
That is simply. . . insane.
But the MAGAts just love getting fleeced by DJT and Devin Nunes and Melania. She "runs" a "company" called YA II PN Ltd. / Yorkville [See page F-19], that is apparently being paid tens of millions of dollars by Truth, to bring online streaming video content to the Truth Social website (in on-demand, scalable, bumps). . . all with zero experience in online streaming video, or in. . . running servers out of some Central Europe geography.
Geez-la-wheez! Where was I? Oh. Right.
That means the company's NASDAQ market cap is about 1,800 YEARS' worth of sales.
That is, DJT/Truth Social needs to survive -- thrive -- and generate at least that amount in annual sales for a period equal to the time period -- from the moment that Macrinus, the Praetorian Prefect under Caracalla in Ancient Rome, declared the Jews would no longer be taxed (they had been so taxed, since the time of Julius Caesar) -- to this evening in 2025.
Did I say it already? Yep. . . that is simply. . . insane.
The company generated an operating loss of over $400 million, last year.
These guys are either the worst business-people on the planet -- or. . . they are all stone cold crooks. You decide.
Out.
नमस्ते
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