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Trump Media And Technology Group

All articles tagged with #trump media and technology group

Trump Media Reports $361 Million Crypto Loss as Bitcoin Slumps
finance20 days ago

Trump Media Reports $361 Million Crypto Loss as Bitcoin Slumps

Trump Media & Technology Group disclosed a $360.6 million loss on its cryptocurrency holdings for fiscal Q2, noting its Bitcoin stash fell to 9,477 BTC (about $557.1 million at June 30) from 9,542 BTC at end-March, with 4,260 BTC pledged as collateral against convertible notes and 2,077 BTC pledged for a Bitcoin options strategy. The company posted a net Q2 loss of $238 million on revenue under $2 million; DJT stock has declined about 46% in the past year to around $9.39, while Bitcoin traded near $64,260 on Aug. 11.

Trump Media Group posts $238M Q2 loss on asset write-downs
business20 days ago

Trump Media Group posts $238M Q2 loss on asset write-downs

Trump Media & Technology Group posted a $238 million net loss in Q2 2026 on revenue of $1.7 million, even as quarterly revenue rose 89% from a year earlier; losses were driven by $190.4 million of unrealised losses on digital assets and equity, plus accreted interest and stock-based compensation. For H1 2026, net losses totaled $644 million on $2.5 million in revenue. The company, which includes Truth Social and Truth+ and recently expanded into crypto, also market intelligence via Truth API, with about 10 paying clients at $60k-$100k per month, drawing conflicts of interest concerns as Truth Social lags peers in user numbers (July traffic down).

Trump monetizes the presidency again with premium Truth API feed
business20 days ago

Trump monetizes the presidency again with premium Truth API feed

Donald Trump’s publicly traded media company is selling fast, premium access to his Truth Social posts through a service called Truth API, with prices up to $100,000 per month. The plan could let traders react to market-moving statements before the public, prompting ethical and securities concerns, especially since Trump holds a substantial stake via a revocable trust and the firm is pursuing other ventures like a merger with TAE Technologies while scaling back crypto bets.

Trump's Wealth Surges by $600 Million on DJT Stock Rally and New Data Service
markets29 days ago

Trump's Wealth Surges by $600 Million on DJT Stock Rally and New Data Service

Trump’s net worth jumped about $600 million in under a month, led by a rally in his majority-held Trump Media & Technology Group (DJT) stake, now worth roughly $1.49 billion based on about 144 million shares at a $10.38 close. Forbes still puts his wealth around $6.5 billion. The gain comes as TMTG launched Truth API, a real-time data service offering institutional traders access to Truth Social posts, potentially creating a new revenue stream but drawing criticism over market-moving information access.

Truth Social’s Market Impact Fades as Traders Tune Out the Noise
business1 month ago

Truth Social’s Market Impact Fades as Traders Tune Out the Noise

Financial Times Alphaville reports that Trump Media & Technology Group is marketing a 'Truth API' for ultrafast access to Donald Trump’s Truth Social posts at about $100,000 per month; JPMorgan analysts find that the market impact of Trump’s posts on two-year Treasuries has decayed over time, with most posts moving yields by around 1 basis point within 30 minutes and few large swings. While some high-frequency traders may still pay for the fastest feed, the broader takeaway is that investors should largely ignore Washington noise, unless Trump makes a dramatically new pivot.

Six-figure fast-feed for Trump's posts aims at market-moving data
markets1 month ago

Six-figure fast-feed for Trump's posts aims at market-moving data

Trump Media & Technology Group reportedly pitched a $100,000-per-month premium feed, called the Truth API, to traders for ultrafast access to President Trump's Truth Social posts, arguing that every millisecond matters for market moves. The six-figure fee would target institutional data users like hedge funds, and the idea drew backlash as Trump’s posts have historically moved stock prices; the service would run 24/7, though the public would likely notice little speed difference.

Trump's Crypto Venture Crashes as Investors Lose $7B
business1 month ago

Trump's Crypto Venture Crashes as Investors Lose $7B

After leaving the White House, Donald Trump launched Truth Social via the Trump Media and Technology Group and expanded into crypto with World Liberty Financial and various Trump-family memecoins (including Melania Trump’s coin) and American Bitcoin. Forbes reports he personally netted about $3 billion, while investors lost roughly $7 billion as the assets cratered (Trump Media down around 89%, World Liberty Financial about 82%, Trump memecoin about 98%, Melania’s token around 99%, American Bitcoin about 95%). The piece highlights individual investors who risked life savings—one truck driver who amassed $100,000 only to see it vanish, another who plowed in hundreds of thousands and called it a scam—while noting comment attempts from Trump’s camp and related entities.

Nunes Steps Down as Trump Media CEO Amid Financial Turmoil
business4 months ago

Nunes Steps Down as Trump Media CEO Amid Financial Turmoil

Devin Nunes is stepping down as CEO of Trump Media & Technology Group, with Kevin McGurn named interim CEO, as the company posts heavy losses and modest revenue. Truth Social launched in 2022 and the company went public in 2024, but it faces a dwindling user base and a stock around $9.70. Nunes will remain as Chairman of the President’s Intelligence Advisory Board to focus on free speech, while the firm warns it will incur ongoing operating losses as it seeks growth beyond Trump’s core followers.