Trump Media and Technology Group, which operates Truth Social, reported a $405.9 million net loss in the first three months of 2026 with less than $1 million in quarterly sales. The loss is real and verified by financial reporting from Variety and Australian news outlets. Context worth knowing: Trump American Bitcoin, a separate Trump-owned crypto mining venture, also posted a $45.2 million loss in the same quarter despite Bitcoin trading above $80,000—suggesting operational inefficiency rather than market conditions drove the losses.