Apparently #EricTrump is involved with a wind powered #Bitcoin mining company.

"Donald Trump and his family have added billions to their net worth since Inauguration Day, with much of that new wealth coming from a dizzying array of crypto projects. But some of those gains are under threat, thanks to the crypto sector’s recent struggles. The latest blow is a second consecutive reported loss for Eric Trump’s American Bitcoin Corp, a wind-powered bitcoin mining company. The $82 million loss, from the first quarter of 2026, is largely due to the continued slump in bitcoin prices. It follows the same pattern as Trump Media and Technology Group—the parent company of the president’s Truth Social platform—which has lost $1.1 billion since its founding, almost entirely due to losses on bitcoin."

#TrumpMedia #TrumpBusiness #TrumpFailure #TrumpCorruption #Trump

https://www.motherjones.com/politics/2026/05/donald-trump-eric-trump-crypto-bitcoin/

"The parent company of Donald Trump’s Truth Social platform – one of the president’s preferred communications channels – lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings."

#TrumpMedia #TrumpBusiness #TrumpFailure #TrumpCorruption #Trump

https://www.theguardian.com/us-news/2026/may/09/trump-media-and-technology-group-loses-406m-first-quarter-2026

The Daily Beast Latest Articles | Trump Media CEO Replaced After Stock Plunge Wipeout by Leigh Kimmins

AI generated summary, Read the full article for complete information.

Trump Media & Technology Group, the parent of Truth Social, announced that former congressman Devin Nunes is stepping down as chief executive and will be replaced on an interim basis by digital‑media executive Kevin McGurn, offering no explanation or timeline for a permanent successor. The move comes as the company battles severe financial distress—its DJT shares have tumbled 67% since the 2024 IPO, wiping out more than $6 billion in investor value, with reported revenue of just $3.7 million against a net loss of over $712 million and accumulated losses exceeding $1.1 billion. Founded as a free‑speech alternative after Trump’s ban from mainstream platforms, Truth Social has struggled to attract a broad audience and has repeatedly pivoted into ventures such as cryptocurrency, prediction markets, a proposed merger with fusion‑energy firm TAE Technologies, and a potential spin‑off. Ethical concerns persist over the overlap between Trump’s public office and his business interests, while a lawsuit filed by entrepreneur Justin Sun accuses the Trump family’s World Liberty Financial crypto project of improperly freezing tokens.

Read more: https://www.thedailybeast.com/trump-media-ceo-replaced-after-stock-plunge-wipeout/

#DevinNunes #DonaldTrump #TrumpMedia #TruthSocial #DJT #KevinMcGurn #JustinSun

AI generated summary, Read the full article for complete information.

Politico: Former Republican Rep. Devin Nunes out as Trump Media CEO. “The C-suite overhaul lands after years of repeated losses at Trump Media, a company that was once billed as a conservative challenger to Silicon Valley giants and the next gem in Trump’s vast business empire. The company recorded a net loss of more than $712 million and revenues of $3.7 million in 2025.”