Economy
Truth Social parent posts over $400M loss in first quarter of 2026
Trump Media and Technology Group (TMTG), owner of Truth Social, reported a loss over $400 million in Q1 2026, driven by a drop in cryptocurrency values. Revenue was around $870,000, up 6% year-on-year. The company holds about 41% owned by President Trump and is pursuing a merger with nuclear fusion firm TAE Technologies.