In the second quarter, Trump Media faced a dramatic loss of $238 million despite seeing its revenue more than double. However, operating losses expanded significantly, prompting the company to abandon new ventures like online betting and cryptocurrency. Their focus has shifted to the Truth API service, aimed at trading firms, while a nuclear fusion project with TAE Technologies remains on track.
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Trump Media Q2 results: US president led media ventrue posts $238 million loss as crypto holdings tumble
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