According to BBC News, Trump Media and Technology Group interim CEO Kevin McGurn said during an earnings call Monday that the service's earliest customers are primarily high-frequency trading firms. Trump Media first announced plans for the service in July, pitching it to Wall Street firms and institutional investors seeking faster access to Truth Social content. But the business has also raised legal and ethical questions because Trump's family remains the majority shareholder of Trump Media. Trump Media said much of its overall loss was related to declines in cryptocurrencies. Earlier this month, Trump Media abandoned plans for a partnership with Crypto.com that would have introduced prediction-market features on Truth Social.