News about Trump Media

Trump Media (DJT) fell 7% to $6.48 while Rumble (RUM) rose 3% to $5.87, and the article attributes the split to company-specific factors rather than the broader market, where SPY was up 0.6%. Trump Media's Q2 revenue was $1.7 million, up 92.5% from a year earlier, but its net loss was $238.1 million, including $190.4 million of non-cash unrealized losses on digital assets and equity securities. It held $1.9 billion in financial holdings, so its share price is sensitive to swings in digital asset prices. Q2 legal expenses reached $25.6 million, and adjusted EBITDA loss widened to $223.5 million from $12.8 million a year earlier. The company is also pursuing an all-stock merger with private fusion developer TAE Technologies, targeted to close in Q4 2026, pending shareholder and regulatory approvals.