Trump Media posts $238M loss while doubling down on Truth Social and new ventures
Trump Media & Technology posted a $238 million loss in Q2 as it pivots back toward social media and expands into crypto and online betting under new CEO Kevin McGurn. It launched Truth API to sell early access to Truth Social posts to Wall Street traders for $60,000–$100,000 a month (10 customers) while continuing a nuclear-fusion venture with TAE Technologies; revenue rose 89% to $1.7 million, but the company carries about $1 billion in debt, with over $400 million in cash and roughly $1.2 billion in bitcoin.
