BBC News·3 min read·medium

Trump Media reports $238m loss as crypto falls

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Trump Media reports $238m loss as crypto falls
AI Summary

Trump Media and Technology Group reported a $238 million loss for the second quarter, largely attributed to the volatility of its cryptocurrency holdings. Despite the loss, the company plans to refocus on its social media platform, Truth Social, by offering premium features to traders.

Image source, Bloomberg via Getty Images Image caption, President Trump launched the Truth Social social media platform in 2022

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