Cryptocurrency
Past coverage from 0 countries · Last active May 10, 2026
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Trump Media Enterprise posts Q1 loss of $12.7 billion due to failed crypto layout
- Trump Media & Technology Group (TMTG) reported a Q1 loss of $405.9 million, primarily due to significant cryptocurrency investments. - Despite the loss, the company's operating cash flow was positive at $17.9 million, and financial assets grew substantially to $2.1 billion. - The company's stock has plummeted over 90% since early 2022, and its CEO, Devin Nunes, recently stepped down.