Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Trump Media Company suffers a loss of $712 million due to Bitcoin investment failure
Techub News reports, according to CoinDesk, that Trump Media & Technology Group (TMTG), the parent company of Truth Social, reported a net loss of over $327 million in the first quarter of 2024, with most of the loss stemming from non-cash expenses related to its merger with Digital World Acquisition Corp. The company disclosed in a regulatory filing that its revenue was only $771,000, far below its operating losses. TMTG’s stock price fell more than 6% in after-hours trading. The company emphasized that its financial situation reflects its status as an early-stage high-growth company and noted it has over $200 million in cash and no long-term debt. TMTG’s listing was completed through a merger with special purpose acquisition company Digital World Acquisition Corp., which was approved in March of this year.