Trump's Troubled Truth: A Billion Dollar Bet on Social Media The latest financials from Donald Trump's media company, Trump Media & Technology, paint a dismal picture of a business struggling to stay afloat.
The company reported a $238 million loss in the second quarter, underscoring the costly nature of Trump's foray into online media and social politics.
New CEO Kevin McGurn has announced plans to pivot away from losing ventures like crypto and focus on the company's core strengths: social media and Truth Social, the platform favored by the president.