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OverviewAPI
Former President Trump's media company, Trump Media and Technology Group (TMTG), faces financial challenges with a significant loss of $58 million on $4 million revenue, raising concerns about its long-term viability. TMTG is considered overvalued and disconnected from its stock performance, leading to susceptibility as a 'meme stock'. Additionally, the founder of FTX, Sam Bankman-Fried, expresses regret and is sentenced to 25 years in prison for fraud related to the collapse of his cryptocurrency exchange.

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