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Truth Social parent Trump Media posts third straight quarterly loss
DJTTrump Media & Technology Group Corp.(DJT) New York Post·2024-11-05 23:46

Former President Donald Trump’s media company reported a net loss of 19.2 million in the third quarter, due to legal fees and costs tied to its TV streaming deal.Trump Media & Technology Group said the figure includes 12.1 million in legal fees in the quarter, stemming from its acquisition of TV streaming technology in August and residual fees related to its SPAC deal in March. It was the company’s third straight quarterly loss since going public in March.It also reported $3.9 million in research and deve ...