The president's social media company is going back to its roots. The parent of Truth Social said Monday it is abandoning several new businesses — crypto, online betting, financial services — to refocus on building up its social media platform.

The president’s media company posted a massive loss in the latest quarter and plans to ditch new business lines and refocus as a forum for users to post their views.

The company’s interim CEO said more than 10 customer agreements have already been signed for the Truth Social service that launched this month.