{"id":334837,"date":"2026-08-11T00:29:21","date_gmt":"2026-08-11T00:29:21","guid":{"rendered":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/trump-media-posts-238-million-second-quarter-loss-as-crypto-declines.html"},"modified":"2026-08-11T00:29:21","modified_gmt":"2026-08-11T00:29:21","slug":"trump-media-posts-238-million-second-quarter-loss-as-crypto-declines","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/trump-media-posts-238-million-second-quarter-loss-as-crypto-declines.html","title":{"rendered":"Trump Media posts $238 million second-quarter loss as crypto declines"},"content":{"rendered":"<p id=\"MainContent\">\n<header class=\"ArticleHeader-articleHeader\" id=\"main-article-header\"><span>WATCH LIVE<\/span><\/header>\n<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<p class=\"RelatedQuotes-text\">In this article<\/p>\n<ul class=\"RelatedQuotes-list\">\n<li class=\"QuoteItem-item\" aria-label=\"Quote for null\"><span class=\"QuoteItem-symbol\">DJT<\/span><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"RegularArticle-WatchlistDropdown\" data-analytics-id=\"RegularArticle-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/li>\n<\/ul>\n<p>TMTG&#8217;s quarterly operating expenses of more than $165 million were roughly 275% higher year over year.<\/p>\n<p>&#8220;Our operating expenses are largely impacted by the price volatility of digital assets,&#8221; Chief Financial Officer Phillip Juhan said during the company&#8217;s first-ever earnings call.<\/p>\n<p>The company also provided new details about Truth API, its controversial new service offering <a href=\"javascript:void(0)\">faster access<\/a>\u00a0to Trump&#8217;s Truth Social posts.<\/p>\n<p>TMTG said it has signed &#8220;more than 10 customer agreements to date,&#8221; adding that those clients are &#8220;primarily high-frequency trading firms&#8221; and are paying rates of $60,000 to $100,000 a month, the company confirmed.<\/p>\n<p>Trump Media  Technology was created after Trump was temporarily suspended from social media platforms in the wake of the Jan. 6, 2021, Capitol riot. It went public through a merger with a special purpose acquisition company and <a href=\"javascript:void(0)\">started trading<\/a> on the Nasdaq in 2024 under the ticker DJT, which match the president&#8217;s initials.<\/p>\n<p>Truth Social was the company&#8217;s first product, but it later expanded into a variety of other industries, including crypto, financial services and <a href=\"javascript:void(0)\">fusion power<\/a>.<\/p>\n<p>TMTG interim CEO Kevin McGurn told <a href=\"javascript:void(0)\">Axios<\/a> on Friday that the company is pulling back from two agreements it struck with Crypto.com as it focuses on its media business and a pending merger with TAE, the fusion energy firm.<\/p>\n<p>McGurn said in Monday&#8217;s earnings call that the combination with TAE is &#8220;the single most important driver of long-term value for this company.&#8221;<\/p>\n<p>There are currently no commercial plants producing electricity <a href=\"javascript:void(0)\">using fusion tech<\/a>. <\/p>\n<p>TMTG stock, which is now worth a fraction of what it fetched when it first started trading, closed down 8% Monday.<\/p>\n<p>Article source: https:\/\/www.cnbc.com\/2026\/08\/10\/trump-media-djt-tmtg-earnings-truth-social-crypto.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>WATCH LIVE In this article DJT TMTG&#8217;s quarterly operating expenses of more than $165 million were roughly 275% higher year over year. &#8220;Our operating expenses are largely impacted by the price volatility of digital assets,&#8221; Chief Financial Officer Phillip Juhan said during the company&#8217;s first-ever earnings call. The company also provided new details about Truth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-334837","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/334837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=334837"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/334837\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=334837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=334837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=334837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}