Trump Media warns of $238M loss in Q2
Trum Media & Technology, the owner of the Truth Social platform, reported a rise in losses to $238.1 million in the second quarter of 2026, compared to $20 million a year earlier. This increase is due to non-cash losses linked to its portfolio of digital assets and stocks, including declines in the value of Bitcoin and Cronus. Despite this, the company's revenues grew by 89% to $1.67 million, driven by advertising income, subscriptions to the "Patriot" service, and fees from stock fund management. The company's assets decreased to $2.02 billion, with over 59% concentrated in digital assets and stocks, while liabilities totaled $996.2 million. The company announced a new service offering immediate and licensed access to posts from premium accounts, notably former U.S. President Donald Trump's account, for a monthly fee ranging from $60,000 to $100,000. This service targets high-frequency trading firms and algorithmic traders and has faced criticism over potential conflicts of interest. Additionally, the company revealed plans to shift its focus toward social media and is pursuing a merger with energy technology firm TAE Technologies by the end of the year.
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