Trump Media & Technology Group, President Trump’s media company, swung to a profit boosted by gains on digital assets in the third quarter, ahead of the company’s merger with nuclear-fusion firm TAE Technologies.
The parent of Truth Social on Monday reported a profit of $409.7 million in the third quarter, compared with a loss of $54.8 million in the same period a year earlier. The recent profit was driven by a $496.1 million gain on digital assets and equity securities, partially offset by other non-cash costs.
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