Parent company of Trump’s Truth Social site reports $400m loss this year

The parent company of Donald Trump's social media platform, Truth Social, reported a loss of over $400 million in the first quarter of 2026, largely due to the declining value of cryptocurrency assets. Trump Media and Technology Group reported revenue of about $870,000, with a six percent rise in net sales. Despite these losses, interim CEO Kevin McGurn stated that the company is continuing to grow due to a strong balance sheet and positive operating cash flow.