Company also announced a paid service for early access to president’s posts on policies to the social media site
Donald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.
Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the earnings that after a yearlong effort to expand into online betting and crypto, the company would be refocusing on social media.
He still pulled in how many billion last year? Yeah… it’s all a scam.
That’s why I laugh when people use the failed casinos to point out he’s a bad businessman.
The casinos weren’t meant to make a profit. They were meant to launder money and line his pockets.
He’s still a bad businessman, but not because of the casinos.
Right… my guess is he looted the casinos and ripped off investors, and used them for tax tricks. Not really went bankrupt.