According to the Financial Times, US President Trump's media company suffered serious losses in the second quarter. The company abandoned cryptocurrency deals, pushed for a sale of plans to quickly gain access to its “Truth Social” posts, and turned its focus to the nuclear fusion sector where commercialization prospects have yet to be verified. The company said it will continue to advance the merger deal with TAE Technology of more than 6 billion US dollars this year. The energy company is currently not receiving any revenue from the fusion business, but plans to put a plant into operation in 2031.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.