Trump Media Posts $238M Loss in Q2 Despite Revenue More Than Doubling

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Trump Media reported a net loss of $238 million in the second quarter, even as its revenue more than doubled during the period. The company's operating losses widened significantly, leading it to scrap planned expansions into online betting and cryptocurrency. Going forward, Trump Media is concentrating its efforts on its Truth API service, which targets trading firms. A nuclear fusion initiative undertaken in partnership with TAE Technologies, however, remains active and on schedule.

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