Businessscore 742·7 metrosupdated 24m ago

Trump Media Company Reports $238 Million Loss, Shifts Focus to Social Media

Trump Media & Technology announced a significant loss of $238 million in Q2, prompting a strategic pivot back to its core social media platform, Truth Social. The company plans to abandon its ventures into crypto and online betting, focusing instead on user engagement and a new service for Wall Street traders.

Where it's breaking

Los AngelesBaltimoreHampton RoadsBostonPhiladelphiaDetroitMiami–Ft. Lauderdale

Local coverage

Sources cited

Original outlets that filed on this story across the contributing metros. Click through for the underlying coverage.

What this is

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