Trump Media in trouble as crypto collapses, loses $238 million

11 August, 2026, 12:50 pm

Last modified: 11 August, 2026, 12:52 pm

Trump Media in trouble as crypto collapses, loses $238 million

11 August, 2026, 12:50 pm

Last modified: 11 August, 2026, 12:52 pm

US President Donald Trump's social media company, Trump Media and Technology Group, lost $238 million in the second quarter from April to June. The company said the loss was due to its expansion into various businesses outside of media, including cryptocurrency.

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