00:00 Speaker A

We’ve long heard reports of the billions of dollars that Trump has been making in crypto with his family. Well, it’s been going a little, uh, less great of late. Here’s the headline. Trump Media posts $238 million second quarter loss as crypto declines.

00:15 Speaker A

It turns out when you put a whole bunch of crypto on your balance sheet, Bitcoin in this case, CRO, which they bought like 100 million dollars worth. Uh, it’s not great for your earnings when it goes down.

00:27 Speaker A

Right? So what we saw here largely is not much to do with the fundamental business of Trump media, which is true thing over on Truth social, whatever that is. Apparently that’s a real social media…