re: DJT anybody riding the wave?

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Trump Media & 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.

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Kevin McGurn, said a yearlong effort to expand by branching into several new industries including online betting and crypto would now be largely abandoned as he refocuses the business on its social media mission.

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The new Truth API service is charging $60,000 to $100,000 a month, McGurn said, adding that Trump Media has already signed up 10 customers,

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In the second quarter, Trump Media posted $1.7 million in revenue, more than double from a year earlier.

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The company has $1 billion in debt

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