Trump Media faces losses, changes strategy
Чтение
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.
Вопросы
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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