President Donald Trump’s carefully cultivated image as a master businessman has taken another hit after his media company revealed nine-figure losses.
Trump Media & Technology, the parent company of Truth Social, reported a $238 million loss for the three months through June, more than 10 times the loss from a year earlier, according to the Associated Press.
The abysmal earnings report comes after it emerged that Truth Social has experienced a dramatic drop in daily active users of its mobile app since last July, plummeting from 436,000 in July 2025 to only 261,000 one year later, according to the Financial Times.
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