Parent company of Trump’s Truth Social site reports $400m loss this year
Key takeaways
- Losses driven largely by depreciation of cryptocurrency assets as prices of digital currencies tumble.
- xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo US President Donald Trump speaks to reporters at the White House in Washington, DC.
- A March 31 company filing shows that Trump Media and Technology Group (TMTG) reported revenue of about $870,000 for the first three months of the year, with a six percent rise in net sales.
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Losses driven largely by depreciation of cryptocurrency assets as prices of digital currencies tumble.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo US President Donald Trump speaks to reporters at the White House in Washington, DC. [Elizabeth Frantz/Reuters]By Al Jazeera Staff and AFPPublished On 9 May 20269 May 2026The parent company of Donald Trump’s social media platform, Truth Social, has reported a loss of more than $400m in the first quarter of 2026, driven largely by the slumping value of cryptocurrency assets.
A March 31 company filing shows that Trump Media and Technology Group (TMTG) reported revenue of about $870,000 for the first three months of the year, with a six percent rise in net sales.