this post was submitted on 10 May 2026
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Parent company of Truth Social reports $400M loss (www.ctvnews.ca)
submitted 1 week ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] veeesix@lemmy.ca 1 points 1 week ago

TMTG is also active in financial services, and the company announced US$2.5 billion in funding a year ago to invest in cryptocurrencies, one of Trump’s recent passions.

According to its filing, TMTG generated US$900,000 in revenue during the first quarter, a paltry amount for a company valued at US$2.47 billion on the stock market.

And suspiciously interesting,

TMTG said in December that it is merging with the American company TAE, which is developing nuclear fusion technology.