NEW YORK (AP) — The parent company of Donald Trump's social networking site Truth Social lost $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 $12 million in legal fees, along with a decline in revenue, according to the surprise Election Day earnings report. Its stock price surged Wednesday but that was more likely due to Trump’s defeat of Vice President Kamala Harris to retake the presidency than on its profit prospects.
Trump created the company after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot.
Revenue for the three-month period that ended on September 30 was just over $1 million, down nearly 6% from a year earlier. Trump Media, based in Sarasota, Florida, has lost more than $363 million so far this year.
Trump Media said some of its costs related to the launch of its new TV streaming service called Truth+.
CEO and former Republican U.S. Rep. Devin Nunes said in a statement the company “continues to explore additional possibilities for growth” such as mergers with other companies that “would benefit from Trump Media technology and branding.”
The company said in a regulatory finding that its success depends in part on “the reputation and popularity of President Donald J. Trump.”
Republican presidential nominee former President Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo/Evan Vucci)
CAPE TOWN, South Africa (AP) — At least 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's Interior Ministry said Sunday.
The intense tropical cyclone has now made landfall on the east coast of Africa, where aid agencies are warning of more loss of life and severe damage in northern Mozambique.
The ministry said it was proving difficult to get a precise tally of the dead and injured in Mayotte amid fears the death toll will increase. A local hospital reported that nine people were in critical condition there and 246 others were injured.
The tropical cyclone blew through the southeastern Indian Ocean, also affecting the nearby islands of Comoros and Madagascar. Mayotte was directly in its path and suffered extensive damage on Saturday, officials said. The local prefect said it was the worst cyclone to hit Mayotte in 90 years.
French Interior Minister Bruno Retailleau said Saturday night after an emergency meeting in Paris that there were fears that the death toll in Mayotte “will be high” and the island had been largely devastated.
Prime Minister François Bayrou, who took office on Friday, said public infrastructure on Mayotte had been severely damaged or destroyed, including the main hospital and the airport. He said many people living in precarious shacks in slum areas have faced very serious risks.
Chido brought winds in excess of 220 kph (136 mph), according to the French weather service, making it a category 4 cyclone, the second strongest on the scale.
Mayotte has a population of just over 300,000 spread over two main islands about 800 kilometers (500 miles) off Africa’s east coast. It is France's poorest island and the European Union's poorest territory. In some parts, entire neighborhoods were flattened, while local residents reported many trees had been uprooted and boats had been flipped or sunk.
The French Interior Ministry said 1,600 police and gendarmerie officers have been deployed to “help the population and prevent potential looting.”
More than 100 rescuers and firefighters have been deployed in Mayotte from France and the nearby territory of Reunion, and an additional reinforcement of 140 people was due to be sent on Sunday. Supplies were being rushed in on military aircraft and ships.
French President Emmanuel Macron said he was closely monitoring the situation, while Pope Francis offered prayers for the victims of the cyclone while on a visit Sunday to the French Mediterranean island of Corsica.
Chido continued its eastern trajectory and made landfall early Sunday in Mozambique on the African mainland, where emergency officials had warned that 2.5 million people could be impacted in two northern provinces, Cabo Delgado and Nampula. Landlocked Malawi and Zimbabwe are also preparing to be affected, with both countries warning they might have to evacuate people from low-lying areas because of flooding.
In Mozambique, the United Nations Children's Fund said Cabo Delgado province, home to around 2 million people, had been hit hard.
“Many homes, schools and health facilities have been partially or completely destroyed and we are working closely with government to ensure continuity of essential basic services,” UNICEF said. “While we are doing everything we can, additional support is urgently needed.”
UNICEF Mozambique spokesman Guy Taylor said in a video posted by the group from Cabo Delgado's regional capital that alongside the immediate impact of the cyclone, communities now face the prospect of being cut off from schools and health facilities for weeks.
December through to March is cyclone season in the southeastern Indian Ocean and southern Africa has been pummeled by a series of strong ones in recent years. Cyclone Idai in 2019 killed more than 1,300 people in Mozambique, Malawi and Zimbabwe. Cyclone Freddy left more than 1,000 dead across several countries last year.
The cyclones bring the risk of flooding and landslides, but also stagnant pools of water may later spark deadly outbreaks of the waterborne disease cholera as well as dengue fever and malaria.
Studies say the cyclones are getting worse because of climate change. They can leave poor countries in southern Africa, which contribute a tiny amount to global warming, having to deal with large humanitarian crises, underlining their call for more help from rich nations to deal with the impact of climate change.
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Corbet reported from Paris.
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AP Africa news: https://apnews.com/hub/africa
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers at work to restore a building in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities, Saturday Dec.14, 2024. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows a soldier directing loading operations of relief for the island of Mayotte, in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities, Saturday Dec.14, 2024 in Orleans, central France. (Laure-Anne Maucorps/ Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows palm tress during strong winds in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities, Saturday Dec.14, 2024. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows rescue workers before boarding a military plane for the island of Mayotte, in the Indian Ocean, after cyclone Chido caused extensive damage with reports of several fatalities, Saturday Dec.14, 2024 in Orleans, central France. (Laure-Anne Maucorps/ Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers loading relief for the island of Mayotte, in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities, Saturday Dec.14, 2024 in Orleans, central France. (Laure-Anne Maucorps/ Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers at a checkpoint in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows a damaged house in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers addressing the population in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows a soldier looking at damages in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers patrolling in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers patrolling in a military truck in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This photo provided Sunday Dec.15, 2024 by the French Army shows soldiers removing fallen trees in the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Etat Major des Armées via AP)
This undated photo provided by NGO Medecins du Monde on Sunday, Dec. 15, 2024, shows a devastated hill on the French territory of Mayotte in the Indian Ocean, after Cyclone Chido caused extensive damage with reports of several fatalities. (Medecins du Monde via AP)
