Trump Media and Technology Group reported a second‑quarter net loss of £176.3 million ($238 million), with its deficit widening roughly tenfold year on year as heavy spending and the shutdown of new ventures in cryptocurrency and online betting hit the bottom line.
The corporate parent of Truth Social had spent much of the past 12 months trying to diversify beyond social networking into digital tokens and sports wagering, before mounting losses prompted a shift in strategy.
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