Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

The parent company of Donald Trump’s social networking site Truth Social lost USD 19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency.

Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than USD 12 million in legal fees, along with a decline in revenue, according to the surprise Election Day earnings report.