Trump Media Loses $238 Million on Only $1.7 Million in Revenue.
That is in one quarter. What is the scam here ? Is Trump doing a GoodFellas thing here. You know the bit in the film where they get a night club and run it into the ground while taking on loans and debt.
Trump Media Loses $238 Million on Only $1.7 Million in Revenue (thewrap.com)
I am useless at this financial stuff, but I went for a wee hunt anyway. Because I remember UK companies house do the thing where directors pay is reported. I could not find that, but here is what I got.
Here is the published Trump Media & Technology Group Reports Second Quarter 2026 Results:
PDF
That has this in it. "completing its prospective merger with TAE Technologies, Inc. ("TAE") in the fourth quarter of 2026, subject to customary regulatory and closing conditions"
This TAE company is - wait for it.. wait... A California FUSION start up. Yup, that old favourite vapourware thing.
Trump Media to merge with fusion startup TAE Technologies in $6B deal -- ANS / Nuclear Newswire
Note, I am not against the idea of Fusion. I can grasp the idea of it. But I know enough about physics to know it is not the holy grail of energy. It is decades away, and that is with Government level labs.
Energy output from nuclear fusion reaction exceeds input (acs.org)
And from that merger notice above, note that it claims a $6 BILLION deal, but the small print in it says "
"As part of the transaction, TMTG has agreed to provide up to $200 million of cash to TAE at signing, and an additional $100 million is available upon initial filing with the U.S. Securities and Exchange Commission."
Now note the link I put in about the first Fusion where output exceeds input. That is from Dec 2022, at the Lawrence Livermore National Laboratory.
But this TAE startup claims:
"The combined companies plan to site and begin construction on a 50-MWe utility-scale fusion power plant in 2026, subject to regulatory approval."
Trump fusion. Put $300 mil in, get $6 billion out. Easy when you are POTUS and control a countries purse.
Here is the Trump Media group SEC filings.
SEC Filings - Trump Media | IR (tmtgcorp.com)
Devin Nunes by the way left in April this year. 4 months after the TAE deal was announced. He was supposed to be the CEO of the new company. That stinks to me of the usual Trump thing. When his scams get too much for even the scammiest cow owning ex Repug reps.... get rid and replace with an underling who will do the bidding.
Ohh, and from the Trump media quarter report:
"On August 1, 2026, the Company launched its first data licensing product-Truth API, a business-to-business data feed subscription that provides licensed, low latency access to publicly-available posts from certain top Truth Social accounts and is expected to provide the Company with a new revenue stream. Truth API closes the latency gap for organizations that place a premium on prompt, verified access to public information found on Truth Social. TMTG onboarded a number of institutional customers prior to its August 1, 2026, launch and, despite receiving what it believes to be factually inaccurate criticism of Truth API, is continuing to onboard additional partners."
Yeah. Insider trading. Lets sell that to people as a surefire way to make a buck.