General · 10 May 2026
Trump’s Truth Social parent loses $406m as crypto bets drag finances
Illustration: AI-generated for editorial context. Not photographic evidence.
Investors face fresh concerns after Trump Media reported heavy losses despite higher sales during the first three months of 2026. The company behind Truth Social said it lost nearly $406m between January and March while revenue rose 6 percent from a year earlier. Most losses came from cryptocurrency investments, including unrealised digital asset declines worth about $368m.
Reported by Al Jazeera · How we write briefs