Donald Trump's media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter. Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. While Trump Media is generally refocusing on social media, McGurn said it will continue with a previously announced new venture: nuclear fusion. In the second quarter, Trump Media posted $1.7m in revenue, more than double from a year earlier. At the end of the quarter, Trump Media had more than $400m in cash and short term investments.