Business · 11 August 2026

Trump Media lost $238m in Q2, refocusing on social media

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.

By BriefTea Editorial · 11 August 2026 at 8:17

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