# Trump Media posts $238 million loss, sells early Truth Social access 2026-08-11T01:05:49+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 2 independent outlets Trump Media and Technology Group reported a USD 238 million loss for the quarter ended June, over 10 times the year-ago level, and said it would retreat from newer businesses to focus on its core platform. New CEO Kevin McGurn announced the shift on Monday, abandoning a year-long push into online betting and crypto. The company reported USD 1.7 billion in revenue, more than double from a year earlier, but also holds USD 1 billion in debt. McGurn is betting on Truth API, which gives Wall Street trading firms early access to posts from top Truth Social users, including President Donald Trump, for USD 60,000 to USD 100,000 a month. Over 10 customers have signed up. Separately, Trump has been sued in federal court by the Freedom of the Press Foundation and The Intercept, alleging the arrangement violates the Constitution. Trump Media dismissed the suit as an attempt to censor the president. ## Coverage - indiatoday.in - timesnownews.com - indiatoday.in Tags: cryptocurrency, nuclear fusion, Trump Media, Truth API, Truth Social Canonical: https://indianopinion.org/trump-media-reports-238-million-loss-returns-to-truth-social/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/trump-media-reports-238-million-loss-returns-to-truth-social/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.