Trump Media Reports $409.7 Million Q3 Profit, Driven by Crypto Gains
Trump Media and Technology Group reported net income of $409.7 million in the third quarter, compared with a $54.8 million loss a year earlier. The company attributed the swing largely to non-cash realized and unrealized gains on crypto assets.
Trump Media and Technology Group, the company behind Truth Social, swung to a profit in the third quarter of this year, driven largely by non-cash realized and unrealized gains on crypto assets.The company reported a net income of $409.7 million in Q3 compared with a net loss of $54.8 million a yea…