FILE PHOTO: A 3D printed miniature of U.S. President Donald Trump and the Truth Social logo are seen in this illustration taken June 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Trump's social media platform is struggling as it just reported more than $400 million in losses during the most recent quarter, according to recent reports.
Truth Social, run by the Trump Media and Technology Group, reported a net loss of more than $400 million and less than $1 million in total sales during the first three months of 2026, according to a Variety article on Friday.
Most of the losses came from "non-cash losses, including unrealized losses on digital assets, digital assets pledged and equity securities," according to a press release from Trump Media and Technology Group. Variety noted that the losses come after former GOP Rep. Devin Nunes suddenly left as the company's CEO last month.