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Politics : Formerly About Advanced Micro Devices

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rdkflorida2
Wharf Rat
To: Eric who wrote (1449969)4/1/2024 1:11:02 PM
From: Qone03 Recommendations  Read Replies (1) of 1583386
 
It's worse than that. <G>

“TMTG expects to incur operating losses for the foreseeable future,” says the filing, which came a week after the company began trading under the ticker DJT on the Nasdaq.

The filing also warns shareholders that Trump’s involvement in the company could put it at greater risk than other social media companies.

TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023.

As of Monday, Trump Media said these “identified material weaknesses continue to exist.”

“These risks include active discouragement of users, harassment of advertisers or content providers, increased risk of hacking of TMTG’s platform, lesser need for Truth Social if First Amendment speech is not suppressed, criticism of Truth Social for its moderation practices, and increased stockholder suits.”
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