Trump Media Reverses Course After $238M Loss | Phoenix News

Trump Media & Technology just reported a $238 million quarterly loss, forcing a strategic pivot back to core social media operations while abandoning failed ventures like crypto and betting. CEO Elon Musk’s exit from the company has left Trump as the biggest shareholder and most active user — now the company is launching “Truth PSI,” a paid content model where even Trump’s posts will cost you, aiming for $7M–$12M annually. Early sign-ups from trading firms are already paying $60K–$100K/month, potentially turning this into a major revenue stream — especially since last year’s total revenue was far lower. The losses were partly fueled by plummeting crypto holdings, including Bitcoin and Cronos, highlighting how volatile market swings continue to impact their bottom line. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5dd8b27c7716684f