Trump Media & Technology, the company behind the Truth Social platform, reported a loss of $238 million for the second quarter of 2026. The losses occurred during the three months ending in June as the company explored new ventures, including cryptocurrency. Kevin McGurn, the new chief executive, stated during a conference call that the company would shift its focus back to social media after a year of attempts to expand into online betting and crypto.
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Trump Media & Technology reports $238 million loss in Q2
Trump Media & Technology announced a loss of $238 million for the second quarter of 2026. The company plans to refocus on social media after exploring ventures in cryptocurrency and online betting.
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Trump’s media company, which also owns Truth Social, reports $238m loss
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Trump Media & Technology reports $238 million loss in Q2