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Trump media firm posts $238 million loss in second quarter as crypto falls

The president's media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media and Technology, the company behind the Truth Social platform, said Monday that it lost USD238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per share loss widened to 86 cents from 8 cen…

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Business StandardCenter·2h ago
Trump media firm posts $238 million loss in second quarter as crypto falls
The president's media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media and Technology, the company behind the Truth Social platform, said Monday that it lost USD238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per share loss widened to 86 cents from 8 cen…
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Trump media firm posts $238 million loss in second quarter as crypto falls

How 1 sources are covering this

Trump media firm posts $238 million loss in second quarter as crypto falls

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