{"id":169414,"date":"2024-11-06T17:43:06","date_gmt":"2024-11-06T17:43:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/06\/trump-media-suffers-19-2-million-loss-on-election-day-shares-jump-times-of-india\/"},"modified":"2024-11-06T17:43:06","modified_gmt":"2024-11-06T17:43:06","slug":"trump-media-suffers-19-2-million-loss-on-election-day-shares-jump-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/06\/trump-media-suffers-19-2-million-loss-on-election-day-shares-jump-times-of-india\/","title":{"rendered":"Trump Media suffers $19.2 million loss on election day, shares jump &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-115026405,imgsize-1069632,width-400,resizemode-4\/115026405.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Trump Media suffers .2 million loss on election day, shares jump &#8211; Times of India\" title=\"Trump Media suffers .2 million loss on election day, shares jump &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<div class=\"cj2hz img_cptn\"><span title=\"A screen displays trading information about shares of Truth Social and Trump Media &amp; Technology Group, outside the Nasdaq Market site in New York City, US, March 26, 2024. (Reuters)\">A screen displays trading information about shares of Truth Social and Trump Media &amp; Technology Group, outside the Nasdaq Market site in New York City, US, March 26, 2024. (Reuters)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<p>The operator of <!-- -->Truth Social<!-- -->, <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/donald-trump\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Donald Trump<\/a>&#8216;s social media platform, reported a USD 19.2 million loss in its latest quarter, coinciding with his presidential victory announcement.<br \/>According to a Wednesday evening report, <!-- -->Trump Media<!-- --> and Technology Group&#8217;s losses were primarily attributed to over USD 12 million in <!-- -->legal expenses<!-- --> and decreased revenue, as detailed in the unexpected <!-- -->Election Day financial disclosure<!-- -->.<br \/>The company&#8217;s shares experienced an uptick on Wednesday, likely influenced by Trump&#8217;s victory over Vice President Kamala Harris rather than its financial performance, news agency AP reported.<br \/>Following his removal from Twitter and Facebook after the January 6, 2021, Capitol incident, Trump established the company. Operating from Sarasota, Florida, the organisation has faced ongoing financial challenges and revenue generation difficulties.<br \/>The company&#8217;s revenue reached just over USD 1 million for the quarter ending September 30, showing a nearly 6 per cent reduction compared to the previous year. Trump Media&#8217;s total losses for the year have exceeded USD 363 million.<br \/>The company attributed part of its expenses to launching Truth+, its new television streaming service.<br \/>In an official statement, CEO and former Republican US Representative Devin Nunes indicated the company is &#8220;continues to explore additional possibilities for growth&#8221;, including potential mergers with organisations that &#8220;would benefit from Trump Media technology and branding.&#8221;<br \/>A regulatory filing by the company acknowledged that its success is partially dependent on &#8220;the reputation and popularity of President Donald J Trump.&#8221;<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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(Reuters) The operator of Truth Social, Donald Trump&#8216;s social media platform, reported a USD 19.2 million loss in its latest quarter, coinciding with his presidential victory [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":169415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-115026405,imgsize-1069632,width-400,resizemode-4\/115026405.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[758,764,50,131393,86462,273,1550,131392,6859,3200,2458,1253,20841,272,52,32189,11195,131391],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/169414"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=169414"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/169414\/revisions"}],"predecessor-version":[{"id":169416,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/169414\/revisions\/169416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/169415"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=169414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=169414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=169414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}