Business · 11 August 2026
Trump Media lost $238m in Q2, refocusing on social media
Photo Credit: Official White House Photo by Shealah Craighead via Wikimedia Commons (CC BY-SA 4.0)
Donald Trump's media company, the owner of Truth Social, recorded a $238 million loss for the second quarter, ending in June. On Monday, Kevin McGurn, the company's chief executive, announced a strategic shift back to social media. A new service called Truth API is set to offer advance access to Trump's posts for a monthly fee ranging from $60,000 to $100,000.
Reported by inkl.com · How we write briefs