Trump Media suffers $19.2 million Election Day loss and shares surge higher
Wednesday, 6 November 2024 () The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency. Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than $12 million in legal fees, along with a decline in revenue, according to the surprise Election Day earnings report. Trump created the company after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. Based in Sarasota, Florida, it has been losing money and struggling to raise revenue.
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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.... IndiaTimes
The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on... SeattlePI.com
Wednesday, 6 November 2024 ()
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