Donald Trump's Trump Media & Technology Group had an eventful Election Day 2024, with its DJT stock halted three times after the shares suddenly plunged. At the end of the trading day, the Truth Social owner released its third-quarter earnings, showing a continued decline in revenue. The company's third-quarter results, disclosed in a U.S. Securities & Exchange filing, shows that the fledgling social media business continues to lose money, while its revenue slipped 5.
'This has been an extraordinary quarter for the company, for Truth Social users, and for our legion of retail investors who support our mission to serve as a beachhead for free speech on the internet,' Trump Media CEO Devin Nunes said in a statement.The company said it lost $19.2 million in the quarter ended September 30, compared with a loss of $26 million in the year-earlier period. Sales fell 5.6% to $1.01 million.