The three-month loss through June was more than 10 times the loss recorded a year earlier. “We made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives,” McGurn said. “Providing licensed real-time public data through commercial APIs is a well-established business practice across the technology, financial information and media industries,” he said. ”Trump Media is not abandoning all of its new ventures. “We continue to believe it’s the single most important driver of long-term value for this company,” McGurn said of the fusion business.The company has $1 billion in debt through special convertible notes that are not due until 2028.