{"id":1028266,"date":"2026-08-12T08:37:12","date_gmt":"2026-08-12T03:07:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1028266"},"modified":"2026-08-12T09:48:50","modified_gmt":"2026-08-12T04:18:50","slug":"trump-media-company-announces-a-massive-loss-and-new-turnaround-effort","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/12\/trump-media-company-announces-a-massive-loss-and-new-turnaround-effort\/","title":{"rendered":"Trump media company announces a massive loss and new turnaround effort"},"content":{"rendered":"<p>NEW YORK: The president\u2019s media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. <\/p>\n<p>Trump Media &amp; Technology, the company behind the Truth Social platform, said Monday that it lost $238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per-share loss widened to 86 cents from 8 cents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: The president\u2019s media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media &amp; Technology, the company behind the Truth Social platform, said Monday that it lost $238 million in the three months through June as it branched into businesses unrelated to media, including crypto. That was more than 10 times the loss from a year earlier. The per-share loss widened to 86 cents from 8 cents.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-1028266","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1028266"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028266\/revisions"}],"predecessor-version":[{"id":1028293,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028266\/revisions\/1028293"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1028266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1028266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1028266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}