Topic
truth social
Finance Trump Media Posts $238M Q2 Loss as Crypto Holdings Tumble, CEO Pivots to Social Media
Trump Media & Technology reported a $238 million Q2 net loss as bitcoin and Cronos holdings tumbled, with per-share losses widening from 8 cents to 86 cents. Revenue doubled to $1.7 million, while the company pivots back to social media under new CEO Kevin McGurn, launching Truth API and continuing a nuclear fusion merger.
Technology Trump Media Plans Truth PSI Premium Feed for Faster Access to Truth Social Posts
Trump Media & Technology Group announced Truth PSI, a premium data feed allowing Wall Street firms to access Truth Social posts in milliseconds. The service, launching next month, would include posts from President Trump, whose announcements on tariffs, Iran, and ICE crackdowns affect financial markets and supply chains. Critics raise conflict-of-interest concerns as Trump, the largest shareholder, directly benefits. The stock has fallen 70% since he took office.
Trump Media to Launch Paid Data Feed of Truth Social Posts for Wall Street Firms
Trump Media & Technology Group, owner of Truth Social, is launching a paid service on 1 August to provide Wall Street firms with instant access to posts from key accounts, including potentially President Trump's. The service aims to create a steady revenue stream for the loss-making company and meets demand from traders seeking to react quickly to market-moving statements on trade and tariffs. Interim CEO Kevin McGurn said the move will block current unauthorized data copying, forcing firms to buy the official feed.