24 Hrs
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المشهد العربي
Trump Media draws leading traders to early release services
The article explains that Trump Media, the company that launched a early access service for former U.S. President Donald Trump's posts on the "Truth Social" platform to attract top traders, recorded significant financial losses of $238 million in the quarter ending in June. This reflects a deterioration of its financial situation compared to the previous year. Its expansions into unrelated fields such as cryptocurrencies have worsened the losses, as the company now shifts its focus back to the social media sector. Officials also noted that high-frequency trading firms are among the beneficiaries of the early posting service, generating monthly revenues between $60,000 and $100,000.
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