Trump Media's Big Crypto and AI Moves

Trump Media and Technology Group, the company behind Truth Social, has been making some bold moves in the crypto and AI worlds. They've got a lot of money in the bank, over $3 billion, and they're not afraid to spend it. Their CEO, Devin Nunes, says they're building something strong and independent, not relying on big tech. They've teamed up with Crypto. com to use the Cronos blockchain. They bought a ton of CRO tokens and plan to use them to reward users on Truth Social. This isn't just about investing; they're also creating a new way for users to earn and spend crypto. But it's not all about crypto. They're also upgrading their platforms with AI-powered tools. They've added new features to Truth+ and even launched apps for iPad and TVs. They're trying to make their platforms more appealing and easier to use. Despite all this, they're still losing money. They had a big loss this quarter, mostly because of legal costs. But they're optimistic. They think they can win some lawsuits and make a lot of money from that. They're also planning to launch Truth. Fi next year. This will be a new platform for investment products. They want to offer things like ETFs and managed accounts, all with an "America First" approach. Right now, their stock is down a bit. But they're not worried. They've got a lot of cash and big plans for the future.