The parent company of Trump’s Truth Social site says it has lost $400m this year | Donald Trump News

The losses that are mainly driven by the decline in the prices of Digital currencies as the prices of digital currencies fall.

The parent company of Donald Trump’s social media platform, Choonadi Social, reported a loss of more than $400m in the first quarter of 2026, due to the slumping value of the cryptocurrency economy.

The company’s March 31 filing reflects this Trump Media and Technology Group (TMTG) reported revenue of nearly $870,000 in the first three months of the year, a six-fold increase in sales.

However, it had significant losses related to its other investments, especially large purchases in cryptocurrency.

US President, the most active social media user who often uses the platform announce the policy changes or criticizes opponents, controls about 41 percent of the company’s shares, through a trust that manages his financial interests while in office.

Trump launched Truth Social after he was banned by many social networking sites following his 2020 election loss to US President Joe Biden and the riots by his supporters at the US Capitol on January 6, 2021.

TMTG CEO Kevin McGurn said in a statement that the company is “leveraging its strong financial position and strong cash flow to continue to grow all of our businesses and platforms”.

The company said last year that it had raised $2.5bn to invest in cryptocurrencies, but the sector has been experiencing declining prices. This is despite the fact that he was initially hopeful that the Trump administration would improve his prospects with a better regulatory environment.

Bitcoin’s price dropped from $126,000 in October to $70,000 in March, before rising slightly to around $80,000.

TMTG said in a statement that “many” of the losses were due to the digital economy, and that it would continue to “focus on expanding its tools and audience to prepare for the future”.

McGurn also said that Truth Social was “a free speech space with new additions coming soon”.

TMTG is to follow the agreement and the US company TAE Technologies, which focuses on the development of nuclear technology.

Researchers believe that nuclear fusion it may be a source of unlimited energy, but it continues to demand more energy than it produces.

“While we are working to advance our partnership with TAE Technologies as quickly as possible, we are recognizing new opportunities for growth and new ways to increase our stock,” McGurn said.

Trump has remained a daily presence on Truth Social throughout his presidency, often offering a kaleidoscope of announcements, as well as complaints and comments.

On Friday, he used the site to announce a rest for three days in the middle of the war after Russia invaded Ukraine, just minutes after accusing the administration of tampering with government documents related to UFOs.

A few hours later, he used the platform to voice his support for the US-Israeli war with Iran and retweeted a January article about FBI attack at a polling station in Georgia.