Latest / Durham News Today | 2 Min News | The Daily News Now!
Trump Media’s Pivot Amid Losses | Durham News
Trump Media & Technology’s Q2 earnings reveal a staggering $238 million loss, largely due to plummeting crypto investments. The company is pivoting away from risky ventures like online betting and crypto, under new CEO Kevin McGurn, who’s refocusing on core social media operations. Amid controversy, they’re launching the Truth API — giving Wall Street firms early access to top posts for hefty fees — sparking accusations of profiting off the presidency. Still, they’re doubling down on nuclear fusion, aiming to merge with TAE Technologies by year-end. While financials are shaky, new revenue…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.