Looking at Mr Trump’s Truth Social company, known by its stock symbol of DJT, kos of Daily Kos reads DJT’s 8-K, and if I were an investor, this would concern me:
- Conservative former Congressman Devin Nunes is paid $750,000 as CEO, despite having zero experience running a tech or media company, and that will go up to $1 million next year. Prior to serving in Congress, he was a farmer. Now, I’m sure you’re thinking, “Gosh, that’s not a lot of money, and there’s no one more qualified at licking Trump’s boots than Nunes. What if he bolts?” Oh ye of little faith, you underestimate Trump’s
griftingnegotiating prowess! Nunes is also getting a $600,000 “retention bonus”! Keep that number in mind.- The company’s chief financial officer Phillip Juhan and chief operating officer Andrew Northwall are getting $337,500 and $365,000, respectively. And you’ll be happy to learn that both of them are also getting $600,000 retention bonuses.
This is looking as this tree in my backyard.
And it doesn’t stop there. For a company showing a loss that’s huge relative to revenue, doesn’t appear to have a reasonable business model, has inexperienced personnel, some arguably incompetent, at key positions, and is not revealing key metrics, these are bright red flags, fluttering in the breeze.
And this is a company that, so far, is dependent on the charisma and reputation of a guy coming up fast on the end of his lifetime. They say they are trying to develop products beyond Mr. Trump, but given the lack of star quality leadership in technology, I have my doubts.
The red flags are thundering in the windstorm, in my opinion.
