The company's $1.7 million in quarterly revenue mostly came through ad services on Truth Social, TMTG's flagship social media product, which is used by President Donald Trump . Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. The company also provided new details about Truth API, its controversial new service offering faster access to Trump's Truth Social posts. Trump Media & Technology was created after Trump was temporarily suspended from social media platforms in the wake of the Jan. 6, 2021, Capitol riot. Truth Social was the company's first product, but it later expanded into a variety of other industries, including crypto, financial services and fusion power.