MeidasTouch host Ben Meiselas digs up the stunning confessions in Trump’s annual stock filing report. Graza: Go to https://Graza.co and use code: MEIDAS to get 10% off your Graza Starter Kit and get to cookin’ your next chef quality meal! Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
What stunning admission did Trump make in his stock report?
For anyone who still says that Donald Trump is a brilliant businessman, well, show me the brilliance here. Donald Trump's company, Trump Media, which owns Truth Social, just announced it lost over $400 million last year. Its annual revenue declined 12% to just $3.6 million in revenue, not profit. Not EBITDA, not net revenue. Total revenue, $3.6 million. Look at the balance sheet right here.
It's one of the worst balance sheets I've ever seen. I doubt Donald Trump even knows how to read. a balance sheet or a profit and loss P&L statement. There's stunning admissions in this 10K filing. This is the annual report that publicly traded companies have to file with the SEC. So we finally got Donald Trump's 10K for the year ending in 2024.
And it is just shocking what a bad business person he is. Let me show you some of the admissions that are made in this SEC report. It's called the 10K Annual Report Filing. So this is Trump's filing. This is Trump's company. That means Donald Trump is saying the things that I'm about to tell you. It's not me, Ben Micellis, the co-founder of Midas Touch.
I'm not reading from you with some New York Times report or some corporate media. I'm reading you Donald Trump's own words from his company, from his company's report. So even Trump's own report admits that he's a horrible business person and that he's bankrupted so many businesses and screwed over so many people. What do you mean? What do I mean by that? Let me show you. Here's what it says.
Part of the disclosures you have to make to the SEC is if you've had businesses that have failed in the past, you have to disclose it. So here it is. I've read the hundred plus pages here, so you don't have to. But here's what it says. A number of companies that were associated with President Donald J. Trump have filed for bankruptcy.
There can be no assurances that the Trump Media Company will not also become bankrupt. Here's what it says. This is just filed. 214-2025 was the filing, and now it's being made public. Here's what it says. Entities associated with Donald J. Trump have filed for bankruptcy protection in the past.
The Trump Taj Mahal, which was built and owned by Donald Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by Donald Trump at the time, filed for Chapter 11 in 1992. THCR, which was founded by Donald Trump in 1995, filed for Chapter 11 bankruptcy in 2004.
Trump Entertainment Resorts, Inc., the new name given to Trump Hotels and Casino Resorts after its 2004 bankruptcy, declared bankruptcy again in 2009. While all of the foregoing were in different businesses than Trump Media, there can be no guarantee that Trump Media's performance will exceed the performance of those entities, the bankrupt entities.
Have you ever heard of someone who's bankrupted more businesses than that? I get maybe you bankrupt something once, I don't know, maybe twice. bankruptcy after bankruptcy, but it's not done yet. There's a whole nother section of companies that crashed that Donald Trump lent his name, image, and likeness to. A number of companies that had license agreements with Donald Trump have failed.
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