Parent company of Trump's Truth Social reports $400 mn loss
- Posted on May 9, 2026
- By Business News Today
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- 1 min read
Parent company of Trump's Truth Social reports $400 mn loss
TMTG, the firm behind Donald Trump's Truth Social, unveiled a troubling report showing a net loss of more than $400 million in the first quarter, primarily linked to a nosedive in cryptocurrency valuations. Earnings dipped below $1 million during this period, raising questions about the viability of its substantial investments in the crypto space.
