Trump's social media platform says it's above ‘traditional key performance indicators.' An auditor has substantial doubt it can continue as a going concern [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
to a regulatory filing Monday that also disclosed losses that sent the stock tumbling. While social media giants like Facebook parent Meta typically report numbers such as monthly active users to gauge how much engagement a platform is generating, Truth Social parent Trump Media & Technology Group (TMTG) pointed out that since its inception, management hasn't used such data. Meanwhile, its auditor filed what is colloquially termed a “going concern” notice—boilerplate language for companies with low revenues and high losses that there is a “substantial doubt whether it can continue operating” in such fashion, in other words, it may not be a viable company. For its part, regarding KPIs, the company said that those metrics “are not critical in the near future” due to the early-stage development of the Truth Social platform. “At this juncture in its development, TMTG believes that adhering to traditional key performance indicators, such as signups, average revenue per user, ad impre
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SMWB
News
- Similarweb Appoints Rami Myerson to Lead Investor Relations [Yahoo! Finance]Yahoo! Finance
- Similarweb Appoints Rami Myerson to Lead Investor RelationsBusiness Wire
- Trump Media's accounting firm charged with ‘massive fraud' [Yahoo! Finance]Yahoo! Finance
- Trump Media's accounting firm charged with ‘massive fraud' [CNN]CNN
- Truth Social keeps shrinking despite the Trump trial and looming election [CNN]CNN
SMWB
Earnings
- 2/13/24 - Beat
SMWB
Sec Filings
- 3/8/24 - Form 144
- 3/7/24 - Form 144
- 3/6/24 - Form 144
- SMWB's page on the SEC website