Trump Media released earnings on Election Day. Here's what to know.

Donald Trump's Trump Media & Technology Group had an eventful Election Day 2024, pinch its DJT banal halted 3 times aft nan shares abruptly plunged. At nan extremity of nan trading day, nan Truth Social proprietor released its third-quarter earnings, showing a continued diminution successful revenue. 

The company's third-quarter results, disclosed successful a U.S. Securities & Exchange filing, shows that nan fledgling societal media business continues to suffer money, while its gross slipped 5.6% compared pinch a twelvemonth earlier. Still, that marks an betterment from nan anterior quarter, erstwhile Trump Media's sales tumbled 30%. 

Donald Trump's liking successful DJT

DJT banal has been connected a rollercoaster since going nationalist successful March, pinch nan shares surging aliases falling successful statement pinch news astir Trump, its largest shareholder, pinch astir 57% of nan company's shares. The erratic fluctuations of nan shares person prompted comparisons pinch alleged meme stocks, which waste and acquisition connected societal media buzz alternatively than nan fundamentals that investors prefer, specified arsenic gross and profitability growth. 

"This has been an bonzer 4th for nan company, for Truth Social users, and for our legion of unit investors who support our ngo to service arsenic a beachhead for free reside connected nan internet," Trump Media CEO Devin Nunes said successful a statement.

The institution said it mislaid $19.2 cardinal successful nan 4th ended September 30, compared pinch a nonaccomplishment of $26 cardinal successful nan year-earlier period. Sales fell 5.6% to $1.01 million. 

How DJT banal performed connected Election Day 

DJT banal initially surged almost 19% connected Election Day earlier giving up those gains and closing down 1%. Trading successful nan banal was besides halted 3 times connected Tuesday by nan New York Stock Exchange owed to abrupt drops successful its price.

The shares person been connected a chaotic thrust since going nationalist successful March, initially surging and giving erstwhile president's 57% liking a worth of $5.2 billion. But nan shares tumbled aft Vice President Kamala Harris entered nan statesmanlike race, yet hitting a debased of $11.75 per stock successful September and shaving Trump's stake to $1.4 billion. 

But aft hitting that low, nan shares much than quadrupled aft Trump was predicted to triumph nan statesmanlike title by betting markets for illustration Polymarket. 

Yet successful caller days, DJT banal has mislaid overmuch of those gains, shedding 34% of its worth since its astir caller precocious of $51.51 per stock connected October 29.

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