Trump Media Reports $238 Million Loss in Second Quarter

Washington DC. American President Donald Trump's social media company Trump Media and Technology Group (TMTG) has incurred a loss of 238 million US dollars in the second quarter from April to June of the current year. According to the company, this loss is more than 10 times higher than in the same period last year.

Trump Media operates the social media platform 'Truth Social'. The company has stated that the recent loss has increased due to the expansion of investment in cryptocurrency and other sectors along with the media business. Especially, the decrease in the value of digital currency has greatly affected the company's overall financial performance.