Trump Media Reports $238 Million Loss as Crypto Investments Falter

Trump Media, the company that runs the social media app Truth Social, lost a lot of money in the last three months.

The loss was mostly because the value of its digital money, called cryptocurrency, went down.

Digital money can change value very quickly.

During this time, many investors wanted to avoid risky investments.

Trump Media is trying to make money in new ways.

It started a service called Truth API that lets businesses read posts made on Truth Social.

Businesses that trade money may pay a lot to see posts from important accounts like Donald Trump's.

The company says it has already signed more than ten customers for this service.

It is also planning to merge with a company that makes fusion energy, which could help power big computers that use artificial intelligence.