Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

Trump Media, the parent company of Truth Social, reported a loss of USD 19.2 million in the last quarter. The company attributed the loss to legal fees and declining revenue. Despite the financial struggles, the company's stock price surged following Trump's presidential win.

Nov 7, 2024 - 08:00

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

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Trump Media, the parent company of Truth Social, reported a loss of USD 19.2 million in the last quarter. The company attributed the loss to legal fees and declining revenue. Despite the financial struggles, the company's stock price surged following Trump's presidential win.