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Business · Video brief

Trump media company announces a massive loss and new turnaround effort

Trump Media has reported a staggering $238 million loss this quarter. In response, the company is refocusing on its social media roots under new CEO McGurn, who plans to abandon unrelated business ventures and launch a new API service for a...

AP News· Aug 11, 2026 · 1:21 PM · 24 views

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Trump Media has reported a staggering $238 million loss this quarter. In response, the company is refocusing on its social media roots under new CEO McGurn, who plans to abandon unrelated business ventures and launch a new API service for a potential turnaround. Full story and more reels: https://newsreel.video #news #breaking #TrumpMedia #business #socialmedia

Originally reported by AP News. Read the full story →

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