Trump Media & Technology Group (TMTG), the social media venture headed by former President Donald Trump, has been warned by its auditors that recurring losses and negative cash flows could threaten its ability to continue as a going concern. A going concern refers to a company’s ability to continue functioning as a business entity in the foreseeable future. The warning sign indicates that the company may have to curtail its operations or even file for bankruptcy if it cannot secure enough funding or generate sufficient revenue to meet its ongoing financial obligations. This underlines the financial risks facing the venture as it competes with established social media companies in the market.
Trump Media auditor warns that losses threaten the company’s ability to stay in business
Trump Media & Technology Group (TMTG), the social media venture headed by former President Donald Trump, has been warned by its auditors that recurring losses and negative cash flows could threaten its ability to continue as a going concern. A going concern refers to a company’s ability to continue functioning as a business entity in the foreseeable future. The warning sign indicates that the company may have to curtail its operations or even file for bankruptcy if it cannot secure enough funding or generate sufficient revenue to meet its ongoing financial obligations. This underlines the financial risks facing the venture as it competes with established social media companies in the market.
