Trump Media posts $238 million second-quarter loss as crypto declines

Trump Media & Technology Group disclosed a net loss of more than $238 million for its fiscal second quarter, a significant increase from the nearly $20 million loss recorded in the same period the previous year. The company attributed the substantial loss primarily to non-cash asset declines, with more than $190 million stemming from losses related to digital assets, pledged digital assets, and equity securities.
The company generated less than $2 million in quarterly revenue, with approxim