# Trump media company announces massive loss and new turnaround effort

https://mins.news/en/item/18672

- The Associated Press, 2026-08-11 03:00 UTC
- Economy
- Original: https://bit.ly/4wlLRPM

> The president’s media company reported a massive loss in its latest quarter. It plans to abandon newly added business lines as part of a fresh turnaround effort. The company instead intends to refocus as a forum where users can post their views. The shift puts user expression back at the center of its business direction.

## Related coverage

- [Trump Media’s quarterly loss widens to $238 million](https://mins.news/en/item/18896) — Reuters, 2026-08-11
- [Trump’s media company reports $238m loss](https://mins.news/en/item/18752) — Al Jazeera, 2026-08-11