Trump Media & Technology Group and Truth Social Platform

Trump Media & Technology Group (TMTG) reported substantial early losses but remains optimistic about the long-term success of its Truth Social platform. The losses were inflated by one-time expenses related to the merger, and the company aims to prioritize growth over immediate profits by investing in user acquisition and technological innovation.

Federal Reserve interest rates and market response

Former U.S. Treasury Secretary Lawrence Summers suggests that the Federal Reserve may need to consider raising interest rates instead of cutting them due to unexpected inflation. Traders are now less confident in a rate cut in June, leading to a market sell-off. Trump Media faces challenges with its Truth Social platform.