Trump Media’s Pivot Amid Losses | Durham News

Trump Media & Technology’s Q2 earnings reveal a staggering $238 million loss, largely due to plummeting crypto investments. The company is pivoting away from risky ventures like online betting and crypto, under new CEO Kevin McGurn, who’s refocusing on core social media operations. Amid controversy, they’re launching the Truth API — giving Wall Street firms early access to top posts for hefty fees — sparking accusations of profiting off the presidency. Still, they’re doubling down on nuclear fusion, aiming to merge with TAE Technologies by year-end. While financials are shaky, new revenue streams are already generating millions — setting up a high-stakes balancing act for the future of Truth Social. 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/a555b6e192c3df9d