đź’¨ Abstract
Former U.S. President Donald Trump's media company, Trump Media & Technology Group, reported a net loss of $19.2 million in Q3, primarily due to legal fees associated with its TV streaming deal and SPAC acquisition. The company also reported $3.9 million in research and development expenses. Despite this, shares reversed losses and ended the day 2% higher. Trump Media's revenue was $1 million for the quarter, with $672.
Courtesy: theprint.in
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