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Trump Media Reports $238M Loss as It Pursues Turnaround and New Services

Trump Media & Technology Group logoTrump Media & Technology Group
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Trump Media & Technology, operator of Truth Social, reported a $238 million loss in the quarter ended June, driven by paper losses tied to a move beyond media into unrelated businesses, including crypto. Revenue rose to $1.7 billion and cash exceeded $400 million, but operating losses widened to $164 million. Shares slipped after results, while Democrats said they may investigate the new paid data service if they win Congress.

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