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Donald Trump's media group, Trump Media & Technology Group (TMTG) risks defaulting on a billion dollar debt on convertible bonds on November 30, writes the Financial Times. The company's financial situation deteriorated due to a drop of over 60% in its shares since the beginning of the year and a drop in the value of Bitcoin, which formed the basis of TMTG's assets. With about $395 million in available funds, the media group may have to sell some of its assets or raise expensive new loans to pay creditors.

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Donald Trump's media group, Trump Media & Technology Group (TMTG) risks defaulting on a billion dollar debt on convertible bonds on November 30, writes the Financial Times. The company's financial situation deteriorated due to a drop of over 60% in its shares since the beginning of the year and a drop in the value of Bitcoin, which formed the basis of TMTG's assets. With about $395 million in available funds, the media group may have to sell some of its assets or raise expensive new loans to pay creditors.

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