Rapidcreek@lemmy.world to politics @lemmy.world · 10 days agoDJT shares tumble 13% as Trump Media stock sell-off accelerateswww.cnbc.comexternal-linkmessage-square43fedilinkarrow-up1315arrow-down14
arrow-up1311arrow-down1external-linkDJT shares tumble 13% as Trump Media stock sell-off accelerateswww.cnbc.comRapidcreek@lemmy.world to politics @lemmy.world · 10 days agomessage-square43fedilink
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up6·10 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-squareevidences@lemmy.worldlinkfedilinkarrow-up2·9 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.