Shares of Trump Media & Technology Group surged 10.4% in after-hours trading as voting concluded in a heated presidential election, despite a reported loss of $19.2 million in the third quarter. The stock has been volatile, reflecting the fluctuating fortunes of Donald Trump in his race against Democrat Kamala Harris, with a notable 105% increase over the past month. CEO Devin Nunes highlighted the quarter's significance for Truth Social users and retail investors, emphasizing the company's mission for free speech online.
Trump Media reported a $19.2 million loss in the third quarter, with revenue dropping 5.6% to $1.01 million, surprising investors on Election Day. Despite a volatile trading week, shares rose slightly in after-hours trading, while the company holds $673 million in cash and no debt. CEO Devin Nunes highlighted ongoing efforts for growth amid these challenges.
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