Trump Media reports $238M losses in Q2
Trump Media & Technology announced a loss of $238 million in the second quarter, compared to smaller losses in the same period last year, with earnings per share rising to 86 cents. The company has decided to focus on its core social media business and has halted expansion into areas such as cryptocurrencies and online betting. It is implementing a plan that partly depends on the Truth API service, which offers early access to users’ posts for a monthly fee ranging between $60,000 and $100,000. The company continues to work on its nuclear fusion project, with quarterly revenues of $1.7 million and assets exceeding $1.2 billion in Bitcoin.
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