Trump Media & Technology Group (DJT) reported net income of $409.7 million in the third quarter, reversing a $238.1 million loss in the second quarter. The turnaround was driven mainly by gains on its cryptocurrency and equity holdings, which had caused the earlier loss. However, the company’s core business, which owns Truth Social, continued to operate at a loss. DJT’s quarterly results therefore remain highly sensitive to fluctuations in the value of its holdings.
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