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Donald Trump's Trump Media reported a net loss of $238 million in Q2, with revenue under $2 million, primarily due to a decline in digital assets value of over $190 million.
Donald Trump Trump Media & Technology Group released its second-quarter financial results on Monday, reporting a net loss that far exceeded the nearly $20 million loss recorded during the same period last year. The company stated that the loss was primarily due to a decline in the value of non-cash assets, including a loss of over $190 million resulting from digital assets, pledged digital assets, and equity securities.In addition, the company disclosed that its Truth API service has signed more than 10 client agreements, primarily with high-frequency trading firms, which pay monthly fees ranging from $60,000 to $100,000.
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