Parent company of president’s Truth Social platform generated only $870,000 even as net sales were up 6%
The parent company of Donald Trump’s Truth Social platform – one of the president’s preferred communications channels – lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings.
The Trump Media and Technology Group’s quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments.
The vast bulk of the losses were “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368m), accreted interest ($11.5m), and stock based compensation ($11.8m)”, the company said in a press release.
Clearly Trump and cronies extracted what they wanted from it and now it’s an empty husk.
By “lost”, we mean they paid out hundreds of millions of dollars to the businesses of friends and family, from the billions of dollars of corruption money that was funneled into the company as crypto “investments” from foreign criminals? Sure. Let’s keep going with the “ha-ha, Trump is such a loser, and he will die next week” narrative as he is strengthening his authoritarian grip on political power and his gross enrichment from the most blatant forms of corruption the developed world has seen.
Don’t worry, I’m sure they’ll just double down using our taxpayer dollars 🫠
The reported losses come five months after Trump Media announced plans to merge in a $6bn deal with a California nuclear fusion company TAE Technologies that aims to power artificial intelligence datacenters.
https://en.wikipedia.org/wiki/TAE_Technologies
The Government of Russia, through the joint-stock company Rusnano, invested in Tri Alpha Energy in October 2012, and Anatoly Chubais, Rusnano CEO, became a board member.
Mmmhmm.
So the deep game is to create demand for Russian energy by building wasteful AI data centers.
It all starts to make better sense.
“lost”
“Oops”
