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Fortune
Fortune
Chris Morris

Parent company of Trump’s Truth Social posts $20 million loss

Company Trump Bitcoin Trump Media & Technology Group ( Trump Media Trump Truth Social
(Credit: Getty Images—Christopher Furlong)
  • Trump Media & Technology Group lost $20 million in the second quarter. The parent company of Trump’s Truth Social saw share prices rise, however, in large part because of its broad Bitcoin holdings. Trump’s holding in the company is currently worth $2 billion.

Typically, if a publicly traded company announced sales of less than $1 million and a quarterly loss of $20 million, that might spook investors. At Trump Media & Technology Group, it’s giving the stock a slight boost.

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