The reason the stock is down so much today is that in the release of DJT's quarterly financial results the company's auditor included a "going concern" warning.

quote:
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern."

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Posted by bbvdd

Memphis, TN

Member since Jun 2009

25191 posts

Posted on 4/1/24 at 1:56 pm to LSURussian

Reddit is down $20 from it's high closing price on the 26th.

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Posted by BuckyCheese

Member since Jan 2015

50462 posts

Posted on 4/1/24 at 2:04 pm to LSURussian

quote:
The reason the stock is down so much today is that in the release of DJT's quarterly financial results the company's auditor included a "going concern" warning.

That should be obvious to anyone and should have been from the start.

It's a platform for 77 year old Donald Trump and little more. When he's gone there is no reason for it to exist.

For an outfit that some have claimed has three employees, yes I saw that posted here, I'm curious how they could lose $58 million.

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Posted by tommy2tone1999

St. George, LA

Member since Sep 2008

6840 posts

Posted on 4/1/24 at 2:05 pm to LSURussian

quote:
The reason the stock is down so much today is that in the release of DJT's quarterly financial results the company's auditor included a "going concern" warning.

Nope. Check the Dow Jones and S&P 500. the entire market is down

ETA: LINK

This post was edited on 4/1/24 at 2:29 pm

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Posted by cwill

Member since Jan 2005

54754 posts

Posted on 4/1/24 at 11:11 pm to LSURussian

quote:
quote:The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern."