Truth Social reports $400M loss

Trump Media & Technology Group's latest financial disclosure reveals a deepening fiscal crisis for the social media venture.

The $405 million loss is largely attributed to the plummeting value of digital currency holdings, which the company had heavily invested in over the past year.

Despite the massive net loss, the company reported a positive operating cash flow of nearly $18 million, suggesting some underlying resilience.

However, the stark disparity between revenue and losses continues to raise questions about the long-term viability of the platform as it prepares for the upcoming midterm elections.