Trump’s media company, which also owns Truth Social, reports $238m loss
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Digital media category. Published on August 10, 2026 • Originally reported by Maanvi Singh and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Digital media category. Published on August 10, 2026 • Originally reported by Maanvi Singh and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Company also announced a paid service for early access to president’s posts on policies to the social media site
Donald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.
Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the earnings that after a yearlong effort to expand into online betting and crypto, the company would be refocusing on social media.
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