Trump Media & Technology Group

President Donald Trump holds up an image taken from his Truth Social account at an event about coal, Thursday, June 4, 2026, in the Oval Office of the White House in Washington. (AP Photo/Julia Demaree Nikhinson,File)

As Trump Media scraps some businesses, it’s doubling down on Truth Social and the president

The president’s social media company is going back to its roots. The parent of Truth Social said Monday it is abandoning several new businesses — crypto, online betting, financial services — to refocus on building up its social media platform.

The download screen for the Truth Social app is displayed on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump media company announces a massive loss and new turnaround effort

President Donald Trump dances after speaking at an event at the Red Rock Casino Resort and Spa in Las Vegas, Wednesday, Aug. 5, 2026. (AP Photo/Mark Schiefelbein)

FACT FOCUS: Trump boasts about the economy but there’s more to the story

President Donald Trump holds up an image taken from his Truth Social account at an event about coal, Thursday, June 4, 2026, in the Oval Office of the White House in Washington. (AP Photo/Julia Demaree Nikhinson,File)

Trump stands to profit off US policy announcements by selling fast access to his social media posts

The download screen for the Truth Social app is displayed on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Paying for early access to Trump’s Truth Social could raise big money and major ethical issues

Mixed reactions at Freedom Fuel gas station in Philadelphia suburbs

The station in Dresher, Pennsylvania, is the first Freedom Fuel gas station in the network to open in the region, according to the White House’s post on the social media platform X. (AP Video by Tassanee Vejpongsa)

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NATO allies bewildered by Trump saying he’s sending 5,000 troops to Poland

White House says funds to pay TSA and other Homeland Security workers will ‘soon run out’

Shooting at the White House correspondents’ dinner: How the event unfolded

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The download screen for the Truth Social app is displayed on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump firm plans to sell priority access to Truth Social posts, possibly his own

The William McChesney Martin Jr. building, which houses the Board of Governors of the Federal Reserve System, is seen on April 7, 2025, in Washington. (AP Photo/Jacquelyn Martin, File)

What the Supreme Court’s ruling in the Cook case means for Federal Reserve independence

U.S. President Donald Trump walks away after a group photo of leaders at the G7 summit, Tuesday, June 16, 2026, in Evian-les-Bains, France. (AP Photo/Julia Demaree Nikhinson)

FACT FOCUS: Trump says illegal immigration increased car insurance premiums. Experts say otherwise

Secret Service agents respond near President Donald Trump and first lady Melania Trump during the White House Correspondents Dinner in Washington, April 25, 2026. (AP Photo/Alex Brandon, File)

The show will go on: White House correspondents’ dinner rescheduled for July, with Trump attending

Beef is displayed for sale at a grocery store Wednesday, April 29, 2026, in Chicago. (AP Photo/Erin Hooley, File)

Trump claims he’s making food more affordable but his examples ignore the big picture

The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump Media has pivoted to crypto, financial services and nuclear fusion. Its stock keeps falling.

The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions

This image from video provided by U.S. South Command, shows a vessel accused of trafficking drugs in the eastern Pacific Ocean shortly before it was destroyed by the U.S. military, killing two and injuring one, on Jan. 23, 2026. (U.S. Southern Command via AP, File)

FACT FOCUS: Trump says drug trafficking by sea is down 98.2%. The numbers don’t show that

A TikTok sign is displayed on top of their building in Culver City, Calif., on Tuesday, Dec. 3, 2024. (AP Photo/Richard Vogel)

TikTok’s finalized deal avoids US ban that would have affected 200 million users

The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump Media to merge with nuclear fusion company that wants to power AI

Trader Anthony Confusione works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Wall Street rises after an encouraging inflation update, as Micron helps AI stocks stop their slide

Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 ConferenceJuly 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

A crypto company was under investigation. Now it’s in business with Trump’s social media firm

Director of the Federal Housing Finance Agency Bill Pulte speaks with reporters at the White House, Sept. 2, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)

Top Fannie Mae officials ousted after sounding alarm on sharing confidential housing data

President Donald Trump speaks to reporters after Vice President JD Vance swore in U.S. Ambassador to India Sergio Gor in the Oval Office of the White House, Monday, Nov. 10, 2025, in Washington. (AP Photo/Jacquelyn Martin)

What to know about Trump’s plan to give Americans a $2,000 tariff dividend

President Donald Trump, left, and Chinese President Xi Jinping, look at each other after their summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Mark Schiefelbein)

Trade takeaways from Trump’s meeting with Chinese leader Xi

President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney in the Oval Office of the White House, Tuesday, Oct. 7, 2025, in Washington. (AP Photo/Evan Vucci)

Trump threatens Canada with 10% extra import tax for not pulling down anti-tariffs ad sooner

Secretary of State Marco Rubio writes a note before handing it to President Donald Trump during a roundtable meeting on antifa in the State Dining Room at the White House, Wednesday, Oct. 8, 2025, in Washington. (AP Photo/Evan Vucci)

AP photos show Rubio’s urgent note to Trump before announcement of Mideast peace deal

Smoke rises following an Israeli military strike in the northern Gaza Strip, seen from southern Israel, Wednesday, Oct. 8, 2025. (AP Photo/Emilio Morenatti)

Israel and Hamas agree to part of Trump’s Gaza peace plan, will free hostages and prisoners

Members of the Armed Forces, including the National Guard, patrol the subway system in Penn Station as police officers check commuters' bags in New York on Thursday, March 7, 2024. (AP Photo/Ted Shaffrey, File)

Trump reverses $187M funding cuts for New York counterterrorism after bipartisan outcry

President Donald Trump speaks to a gathering of top U.S. military commanders at Marine Corps Base Quantico, Tuesday, Sept. 30, 2025, in Quantico, Va. (Andrew Harnik/Pool via AP)

Trump no longer distancing himself from Project 2025 as he uses shutdown to further pursue its goals

Hino trucks sit on the lot at a truck dealership in Miami, Friday, Sept. 26, 2025. (AP Photo/Rebecca Blackwell)

Trump finds new trade targets -- pharmaceuticals, kitchen cabinets and heavy trucks

Containers are piled upon a cargo terminal in Frankfurt, Germany, Tuesday, Sept. 9, 2025. (AP Photo/Michael Probst)

Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks

President Donald Trump, left, shakes hands with China's President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)

Trump says he and Xi will meet in South Korea in coming weeks and he’ll later go to China

President Donald Trump speaks with reporters before boarding Air Force One at Morristown Airport, Sunday, Sept. 14, 2025, in Morristown, N.J. (AP Photo/Alex Brandon)

Trump says the US should do away with quarterly earnings reports

Cracker Barrel is keeping its old-time logo after new design elicited an uproar

Trump family crypto empire expands with Crypto.com partnership

Intel CEO Lip-Bu Tan delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan, Monday, May 19, 2025. (AP Photo/Chiang Ying-ying, File)

Trump says Intel CEO has an ‘amazing story’ days after calling for his resignation

Intel CEO Lip-Bu Tan delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan, Monday, May 19, 2025. (AP Photo/Chiang Ying-ying, File)

Intel’s stock tumbles after Trump says its CEO must resign

President Donald Trump speaks as Federal Reserve Chairman Jerome Powell listens during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

President Donald Trump and European Commission President Ursula von der Leyen shake hands after reaching a trade deal at the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. (AP Photo/Jacquelyn Martin)

Trump injects a new dose of uncertainty in tariffs as he pushes start date back to Aug. 7

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