Trump Media & Technology Group Corp. (TMTG), the parent company of Truth Social, reported a $19.2 million net loss for the third quarter of 2024. The company's revenue fell 5.6% year-over-year to $1.01 million. Despite the financial losses, TMTG closed the quarter with $672.9 million in cash and short-term investments and no debt. The report was released on Election Day, coinciding with Donald Trump's win in the presidential election. Additionally, the company's stock experienced significant volatility, with shares surging post-election results and short sellers losing $420 million. For the nine months ending September 30, 2024, TMTG reported a net loss of $363.2 million. Trading of its shares was halted three times due to volatility.