articleThe Brief The president’s Trump Media & Technology posted a massive $238 million loss. The company is announcing plans to ditch new business lines and refocus back on social media. Trump Media & Technology, the company owned by President Donald Trump, posted a $238 million loss over the past three months, prompting the business to pivot to a new focus on users' social media use. CEO Kevin McGurn said the company plans to drop those other matters and put the focus back on social media. RELATED: Trump Media plans paid high-speed access to Truth Social postsPart of the shift is likely to include paid access to some user content, including that of President Donald Trump.