Trump Media Posts Record Q2 Loss as Truth Social Takes Center Stage
Trump Media & Technology Group reported a significant net loss of $238 million for the second quarter of 2026, more than ten times its loss from the same period last year.
The company's Bitcoin holdings, worth around $900 million based on current prices, remain substantial despite the broader business reset.
New CEO Kevin McGurn stated that Trump Media is refocusing on Truth Social and its growing data business, which includes a new service called Truth API that provides low-latency access to public posts on Truth Social for trading firms.
The service charges between $60,000 and $100,000 per month and has already signed over 10 customers, mostly trading firms. This could generate around $7 million to $12 million annually if current pricing holds.