{
  "id": 2524040,
  "title": "Trump Media & Technology Group Corp. (DJT)’s Loss Widened to $238 Million. Its New Data Feed Is Already Making Money",
  "url": "https://urgent.news/2026/08/21/trump-media-technology-group-corp-djt-s-loss-widened-to-238-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T01:37:51.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/trump-media-technology-group-corp-013751871.html"
  },
  "original_language": "en",
  "account": "On August 10, Trump Media & Technology Group Corp. reported a second-quarter net loss of $238.1 million, nearly triple the $20 million loss from the same period last year. The bulk of the increased loss was due to over $190 million in losses from its digital assets and equity holdings, as cryptocurrency prices declined during the quarter. While the company's actual media operations showed only a modest increase, the majority of the financial impact came from its cryptocurrency investments.\n\nThe firm introduced a new data feed called Truth API on August 1, providing quick access to content from prominent Truth Social accounts, including President Trump's. Since its launch, the data feed has already led to over 10 customer agreements, with most clients being high-frequency trading firms that pay $60,000 to $100,000 monthly.\n\nInterim CEO Kevin McGurn stated that the new data feed is already generating revenue. Total revenue reached $1.7 million, marking an 89% year-over-year increase. CFO Phillip Juhan noted that the pending merger with fusion energy developer TAE Technologies is the most significant factor driving long-term value for the company. However, operating expenses skyrocketed by more than $165 million, a 275% year-over-year increase, primarily due to the volatility of the company's crypto holdings.\n\nCrypto.com recently abandoned two agreements with Trump Media, as the company shifts its focus towards its media business. Currently, Trump Media & Technology Group Corp. is held by just 17 hedge funds, down from 21 in the previous quarter. While the Truth API provides the company with a new source of income, the ongoing crypto losses highlight the company's continued exposure to volatile markets outside its core media operations.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}