Trump Media faces losses, changes strategy

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Trump Media company lost a lot of money in the last three months. The company will now focus only on its social media platform.

Trump Media lost $238 million in the second quarter. This was ten times more than their loss from last year.

The new CEO wants to grow the social media business. A new service called Truth API will help top users reach traders.

Some people worry that this service helps the president profit. The CEO says selling data access is a normal business practice.

Ten firms already pay for the new Truth API service. This new service can greatly increase the company's yearly earnings.

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How much money did Trump Media lose in the second quarter?

$238 million

What will the company focus on now?

Its social media platform

What is the new service called that helps users reach traders?

Truth API

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