Trump Media’s Pivot Amid Losses | Lubbock News

Trump Media just reported a staggering $238 million loss in Q2, fueled largely by risky ventures like crypto and online betting. New CEO Kevin McGurn is pivoting back to core Truth Social, calling it a “disciplined choice” to focus on what matters most — while defending controversial new revenue streams like the Truth API, which gives Wall Street early access to top posters including Trump himself. The API is already generating $60K–$100K/month per customer with 10 clients signed up. Meanwhile, their nuclear fusion partnership with TAE Technologies remains on track for a year-end close, and they still hold over $400M in cash plus Bitcoin. Despite the losses, McGurn insists the API is standard business practice — and if Congress takes control, some are already preparing to investigate. 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/d520ed291a22aec4