00:00Trump Media and Technology Group, the parent company of Truth Social, reported a $238 million
00:06second quarter loss, more than 10 times its loss a year earlier, despite revenue climbing to $1.7
00:13million. Much of the damage came from losses tied to its cryptocurrency holdings and investments as
00:19the company pulls back from some of its earlier crypto and online betting ambitions. New CEO
00:25Kevin McGurn says the company is refocusing on its core social media business while continuing its
00:31planned nuclear fusion venture. Trump Media is also launching a Truth API, charging trading firms as
00:38much as $100,000 a month for early access to posts from Trump and other users.
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