Trump Media suffers $19.2 million loss on election day, shares jump

Trump Media and Technology Group, the company behind Donald Trump's social media platform Truth Social, reported a USD 19.2 million loss in its latest quarter. The losses were attributed to legal expenses and decreased revenue. Despite the financial challenges, the company's shares saw an uptick following Trump's announcement of another presidential run.

Nov 6, 2024 - 23:00
Trump Media suffers $19.2 million loss on election day, shares jump

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Trump Media and Technology Group, the company behind Donald Trump's social media platform Truth Social, reported a USD 19.2 million loss in its latest quarter. The losses were attributed to legal expenses and decreased revenue. Despite the financial challenges, the company's shares saw an uptick following Trump's announcement of another presidential run.
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