Parent company of Trump’s Truth Social site reports $400m loss this year
Summary
The company behind President Donald Trump’s social media platform, Truth Social, reported a loss of over $400 million in the first quarter of 2026. The loss came mainly from a drop in the value of its cryptocurrency investments, while the company’s revenue grew slightly.Key Facts
- Trump Media and Technology Group (TMTG) lost more than $400 million in early 2026.
- The company earned about $870,000 in revenue during the first three months of the year.
- Most losses came from investments in cryptocurrencies like Bitcoin, whose price fell from $126,000 in October to around $80,000 in March.
- President Donald Trump owns about 41% of TMTG through a trust.
- Truth Social was created after Trump was banned from major social media sites following the January 6, 2021 Capitol riot.
- TMTG plans to grow its business and platform using its current funds and cash flow.
- The company is working on a merger with TAE Technologies, which is developing nuclear fusion energy.
- President Trump uses Truth Social regularly to share announcements and opinions.
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