Trump Media Reports $238m Quarterly Loss as Crypto Values Drop
Trump Media and Technology Group reported a $238m loss between April and June, more than 10 times the prior-year figure, as its cryptocurrency-linked holdings declined. Revenue rose to $1.7m, while total assets were about $2bn. The company plans to refocus on Truth Social and offers a paid service for faster access to Trump’s posts.
Coverage (6)
- Trump's media and crypto firm just posted a $238 million quarterly loss—here's where those losses came from (fortune.com)
- Trump’s media and crypto firm just posted a $238 million quarterly loss—here’s where those losses came from (finance.yahoo.com)
- Trump Media's quarterly loss widens to $238 million from $20 million a year earlier (finance.yahoo.com)
- Trump Media's quarterly loss widens to $238 million from $20 million a year earlier (reuters.com)
- Trump Media reports $238m loss as crypto falls (bbc.com)
- Trump Media reports $238m loss as crypto falls (bbc.co.uk)