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. The Trump Media and Technology Group ’s quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments. The vast bulk of the losses were “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368m), accreted interest ($11.5m), and stock based compensation ($11.8m)”, the company said in a press release . The interim chief executive officer, Kevin McGurn, said in a statement that Trump Media “is using its strong balance sheet and positive operating cashflow to continue growing all our businesses and platform infrastructure”.…