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Trump Media Takes $238M Hit, Refocuses on Truth Social Amid Crypto Woes

Guavy AI Editorial Team
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Trump Media & Technology Group has reported a significant net loss of $238 million for the second quarter of 2026, more than ten times its loss from the same period in the previous year. The company's financial results were negatively impacted by falling crypto prices. Despite this setback, Trump Media is maintaining its exposure to Bitcoin, holding onto 14,139 BTC.

The company has shifted its focus back towards Truth Social, one of its flagship products. This move comes as the company tries to refocus and recover from its financial struggles. The exact details of how this shift will play out remain unclear at present.

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