Trump Media & Technology Group reports $20M loss in Q2

Trump Media & Technology Group, majority-owned by U.S. President Donald Trump and parent company of Truth Social, reported a $20 million net loss in Q2, according to The Block. Following the earnings announcement, its shares fell 3.8% on Nasdaq. Despite the loss, the company unveiled plans for a utility token integrated with its Truth Social and Truth+ platforms, tied to its newly launched "Patriot Package" beta. A specific launch date for the token has not yet been disclosed.