Trump Media Reports $19 Million Loss Due to Streaming Costs

Reported 20 days ago

Trump Media & Technology Group, founded by former U.S. President Donald Trump, disclosed a net loss of $19.2 million in the third quarter, primarily driven by legal expenses and costs associated with its TV streaming technology acquisition. The report arrives amidst the competitive U.S. presidential election, where Trump is closely contesting against Vice President Kamala Harris, with the company's shares experiencing volatility as they reflect Trump's election prospects.

Source: YAHOO

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