Source: US News & World Report
“Trump Media & Technology Group, founded by U.S. President Donald Trump and known for its Truth Social platform, reported a wider second-quarter loss, largely due to unrealized losses tied to its cryptocurrency assets. Its second-quarter net loss jumped to $238.1 million from about $20 million a year earlier, the company said in a statement. Digital assets, including cryptocurrencies, came under pressure during the April-to-June quarter as investors shunned riskier assets amid uncertainty over U.S. interest rates, geopolitical tensions and persistent outflows from crypto investment products.” [editor’s note: The guy went bankrupt running a casino, which is the second-closest thing to a license to print money. The closest thing is a corrupt White House and he apparently can’t make even THAT work. He seems to be about as good at business, and in the same way, as he is at golf – TLK] (08/11/26)