Trump Media's Quarterly Loss Widens to $238 Million
Its second-quarter net loss jumped to $238.1 million from about $20 million a year earlier, the company said in a statement.
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lamplighter
Joined 2013/04/13Visited 2026/08/12
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Monday's tumble erased two weeks worth of gains made by Trump Media.[image or embed] -- Forbes (@forbes.com) 4:10 PM · Aug 10, 2026
Monday's tumble erased two weeks worth of gains made by Trump Media.[image or embed]
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More from the article ...
... Digital assets, including cryptocurrencies, came under pressure during the April-to-June quarter as investors shunned riskier assets amid uncertainty over U.S. interest rates, geopolitical tensions and persistent outflows from crypto investment products. The results come as Trump Media seeks to generate new revenue from Truth API, a licensed data feed that will give banks and trading firms "the fastest" access to posts from influential Truth Social accounts, such as President Donald Trump's, whose posts often move global markets. Trump Media has discussed charging as much as $100,000 a month for the Truth API product, Reuters and other media outlets have reported. The company said on Monday it had signed more than 10 customer agreements for the feed that launched on August 1, adding that it was continuing to add partners. "Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date," the company's interim CEO, Kevin McGurn, said in a statement. ...
The results come as Trump Media seeks to generate new revenue from Truth API, a licensed data feed that will give banks and trading firms "the fastest" access to posts from influential Truth Social accounts, such as President Donald Trump's, whose posts often move global markets.
Trump Media has discussed charging as much as $100,000 a month for the Truth API product, Reuters and other media outlets have reported.
The company said on Monday it had signed more than 10 customer agreements for the feed that launched on August 1, adding that it was continuing to add partners.
"Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date," the company's interim CEO, Kevin McGurn, said in a statement. ...
#1 | Posted by LampLighter at 2026-08-11 01:42 PM | Reply
Good thing he has the American taxpayer to bail his fat, ugly ass out.
#2 | Posted by LegallyYourDead at 2026-08-11 03:00 PM | Reply
For all the magats that bought into the company and are now losing their investment:
via GIPHY
#3 | Posted by Nixon at 2026-08-12 07:29 AM | Reply
@#1 ... The results come as Trump Media seeks to generate new revenue from Truth API, a licensed data feed that will give banks and trading firms "the fastest" access to posts from influential Truth Social accounts, such as President Donald Trump's, whose posts often move global markets. ...
Trump sued over paid early access to Truth Social posts www.politico.com
...The lawsuit, filed Wednesday in the U.S. District Court for the Southern District of New York by the left-leaning nonprofit newsroom The Intercept and the Freedom of the Press Foundation, alleges the practice "is extraordinary, corrupt, and unconstitutional." The plaintiffs also say the controversial $100,000-a-month program violates their First Amendment rights to access presidential statements "on equal terms with other members of the press and public." In announcing plans to introduce the program, Truth Social -- whose parent company Trump founded in 2021 after being kicked off social media platforms and owns a plurality stake in -- described the initiative as valuable for "organizations that place a premium on immediate, verified access to information." But critics allege it amounts to insider trading on advanced access to the president's market-moving words. The service gives traders and other entities high-speed access to the president's Truth Social account in addition to the nine other most-popular accounts on the platform, including Vice President JD Vance, White House press secretary Karoline Leavitt and Health and Human Services Secretary Robert F. Kennedy Jr. ...
The plaintiffs also say the controversial $100,000-a-month program violates their First Amendment rights to access presidential statements "on equal terms with other members of the press and public."
In announcing plans to introduce the program, Truth Social -- whose parent company Trump founded in 2021 after being kicked off social media platforms and owns a plurality stake in -- described the initiative as valuable for "organizations that place a premium on immediate, verified access to information."
But critics allege it amounts to insider trading on advanced access to the president's market-moving words.
The service gives traders and other entities high-speed access to the president's Truth Social account in addition to the nine other most-popular accounts on the platform, including Vice President JD Vance, White House press secretary Karoline Leavitt and Health and Human Services Secretary Robert F. Kennedy Jr. ...
#4 | Posted by LampLighter at 2026-08-12 05:59 PM | Reply
OK, so they're extracting more money from it because it's nothing but a money laundering operation.
#5 | Posted by jpw at 2026-08-12 06:33 PM | Reply | Newsworthy 1
Nice $238 million dollar tax deduction on the investment vehicle Trump uses to accept foreign bribes.
Now that's running the country like a business! Suck it libs.
#6 | Posted by snoofy at 2026-08-12 07:00 PM | Reply
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