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Truth Social parent TMTG posts over 400 million dollar quarterly loss driven by crypto crash
International
Published on 9 May 2026
Loss tops 400 million as crypto values tumble
TMTG, the company behind Donald Trump’s Truth Social, reported a first-quarter net loss exceeding $400 million. The slump was largely blamed on plunging cryptocurrency valuations, with earnings falling below $1 million. The results intensify scrutiny of TMTG’s heavy investment in the crypto space and its ability to sustain those bets amid market volatility.
- TMTG logged a net loss above $400 million in Q1
- Crypto valuation declines were the main driver
- Earnings dipped below $1 million during the quarter
- Investments in crypto now face fresh viability questions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times