trump media charges
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Trump Media charges traders up to $100,000 monthly…

ByJustpaste.in

More than ten firms have signed on to pay for Trump Media’s newly launched service that grants faster access to market moving posts published on its Truth Social platform, the company disclosed during an earnings call this week.

The service, called Truth API, went live at the start of August and gives Wall Street traders early visibility into posts from the platform’s most influential accounts before the general public sees them. Interim chief executive Kevin McGurn said the earliest subscribers are largely high frequency trading firms, which pay between $60,000 and $100,000 a month for the access. McGurn detailed the pricing during a call held after Trump Media reported a net loss of $238 million for the April through June quarter, a figure more than ten times larger than the loss the company posted during the same period a year earlier.

The steep quarterly loss comes as Trump Media and Technology Group has expanded into ventures far removed from its original media business, including cryptocurrency holdings. Despite still operating at a loss overall, the company says it intends to refocus on its core social media mission going forward. In July, the firm unveiled plans to offer Wall Street firms and institutional investors expedited access to posts on Truth Social, a platform where President Trump regularly shares public announcements. Critics have described the arrangement as a potential edge for subscribers looking to trade stocks and other actively traded assets ahead of market moving news.

The initiative has also raised legal and ethical questions, particularly around the fact that a company in which the president’s family holds a majority stake could financially benefit from his own public statements reaching paying subscribers faster than the general public.

In its earnings statement released Monday, Trump Media described the new offering as a service expected to generate a new revenue stream for the company. McGurn said executives believe the product will grow into a meaningful and durable source of income alongside the company’s broader media strategy, which already includes advertising and digital asset ventures. He added that Truth Media is also exploring potential partnerships with technology companies, news organizations and betting markets.

The company reported revenue of $1.7 million for the quarter, an 89 percent increase compared with the same period last year, though the overall loss stemmed largely from declining cryptocurrency values. Trump Media said it closed the quarter holding total assets of $2 billion, including roughly $1.9 billion in financial assets made up of cash, short term investments and digital currencies. The firm continues to expand into new territory, including additional cryptocurrency holdings and clean energy investments.

Markus Thielen, an analyst at 10x Research, described Trump Media as functioning more like a crypto holdings firm wrapped around a media company, noting that the bulk of its recent losses trace back to that crypto focused strategy. He said the company is working to diversify beyond its digital asset exposure into areas like social media services, though those newer ventures have not yet produced significant revenue. Earlier this month, Trump Media abandoned a planned partnership with Crypto.com that would have introduced prediction market features on the Truth Social platform.

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    Shakira and Burna Boy’s Dae Dae breaks streaming records

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    Shakira and Burna Boy’s global hit Dae Dae is enjoying unprecedented success after the pair delivered a show-stopping performance during the first-ever halftime show at the FIFA World Cup 2026 final. The landmark performance, held during the tournament’s championship match on July 19, attracted millions of viewers from around the world and immediately translated into a major increase in streaming numbers across leading music platforms. The historic halftime show marked a new chapter for the FIFA World Cup, introducing an entertainment format that has long been associated with other major sporting events. According to the latest streaming figures, Dae Dae recorded the highest single-day streaming total of its career following the performance. On July 20, the song received approximately 2.2 million official on-demand streams in the United States, setting a new personal record for the collaboration. The impressive total represented a 65 percent increase compared to the day before the World Cup final. It also reflected an 84 percent rise over the day following the tournament’s opening ceremony, highlighting the enormous impact of the halftime performance on the song’s popularity. Music industry experts have long observed that performances during globally watched sporting events often lead to significant increases in streaming, digital downloads, and chart rankings. With hundreds of millions of football fans tuning in to watch the World Cup final, the halftime show provided an ideal platform for artists to introduce their music to new audiences while reconnecting with existing fans. The success of Dae Dae extended beyond streaming platforms. The track also climbed into the Top 20 of Spotify and Apple Music’s real-time charts, further demonstrating its growing international appeal. The song quickly became one of the most talked-about musical moments of the tournament, with fans continuing to stream it in the days following the final. The World Cup halftime show also benefited several other artists. Justin Bieber’s Everything Hallelujah experienced a remarkable boost, with official U.S. streams increasing by 161 percent to around 268,000. Meanwhile, global K-pop sensation BTS saw renewed interest in its hit song Dynamite, which recorded a 74 percent increase in streaming, reaching approximately 312,000 official plays in the United States. Despite those strong gains, Dae Dae emerged as the tournament’s biggest musical success story. Its continued rise across multiple streaming services reflected the widespread attention generated by Shakira and Burna Boy’s energetic live performance, which received praise from fans on social media. The song’s commercial momentum also translated into chart success. Dae Dae climbed to a new career-high position on the Billboard Hot 100, reaching No. 42. Although it narrowly missed breaking into the Top 40, the latest ranking marked another major achievement for the track and highlighted its growing popularity in the competitive U.S. music market. Meanwhile, the World Cup also helped revive interest in older songs linked to the tournament. British rock band Oasis saw its iconic anthem Wonderwall enjoy renewed popularity after becoming closely associated with England’s World Cup journey, proving once again that football’s biggest stage can influence music trends as much as sporting history.

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    Ex-army chief Qamar Bajwa undergoes Dubai check-up

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    Former Chief of Army Staff General (retd) Qamar Javed Bajwa has been shifted to the United Arab Emirates for further medical examination and treatment. Family sources said Bajwa is currently in the UAE. He travelled abroad after completing his initial treatment in Pakistan. The former army chief was examined by a team of specialist doctors in Dubai. The doctors carried out a detailed medical check-up. According to family sources, Bajwa’s condition has improved considerably after the medical examination. However, the results of some important medical tests are still awaited. Doctors will review the remaining reports before giving their final recommendations. His further treatment and return to Pakistan will depend on the doctors’ advice. Family sources said Bajwa will stay in the UAE for a few days. He will remain with his son during his stay in the country. A final decision about his return to Pakistan will be taken after the doctors review all his medical reports. His family is also awaiting the doctors’ further instructions. Bajwa had suffered serious injuries around four and a half months ago. He reportedly slipped and fell at his residence. The accident caused injuries to his head and back. He was immediately shifted to Combined Military Hospital (CMH) Rawalpindi for treatment. The former army chief remained admitted to the hospital for around three weeks. He received treatment under the supervision of military doctors. At the time, the Inter-Services Public Relations (ISPR) officially confirmed that Bajwa had been injured after falling at his residence. The military’s media wing said he was receiving treatment at CMH Rawalpindi. His condition was monitored by doctors during his stay at the hospital. After completing his initial treatment in Pakistan, Bajwa later travelled to the UAE for further medical assessment. His current stay in the UAE is expected to continue until doctors complete their assessment. The results of the pending tests will help determine the next course of treatment. Family sources have not provided a specific date for his return to Pakistan. They said the decision will be made after consultation with doctors. General (retd) Qamar Javed Bajwa served as Pakistan’s Chief of Army Staff from November 2016 to November 2022. He retired from the position after completing his tenure in November 2022.

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    Natasha Hussain reveals Humayun Saeed is still her celebrity crush

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    Trump claims Iran war could end soon, Hormuz to re…

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