The MeidasTouch Podcast Trump Makes Stunning Admission in Stock Report
9 snips
Feb 18, 2025 Recent financial disclosures reveal startling truths about Donald Trump's business ventures. The podcast dives into the troubling performance of Trump Media and its platform Truth Social, highlighting significant losses. It also chronicles a history of failed projects and examines how inflation could jeopardize future revenues. Comparisons to a McDonald's franchise starkly illustrate the dire financial realities. The discussion uncovers a troubling pattern of questionable business practices, linking Trump's media struggles to larger trends in the market.
AI Snips
Chapters
Transcript
Episode notes
Trump's Business Failures
- Trump Media, owning Truth Social, lost over $400 million, with only $3.6 million in revenue.
- Trump's own SEC filing admits to past bankruptcies and business failures, suggesting potential for Trump Media's failure.
Inflation Admission
- Trump's 10K filing admits rising inflation will hurt Trump Media's future prospects.
- This contradicts Trump's campaign promise to immediately lower prices.
Overvalued Stock
- Trump Media's stock trades at a $6.59 billion market cap despite massive losses and low revenue.
- Ben Meiselas argues the company's actual value, based on revenue, is significantly lower, closer to $30 million.