"Trump Media's Truth Social Streaming Service Sends Stock Plummeting"

Trump Media & Technology Group's stock fell over 10% after announcing plans to launch a live TV streaming platform through its Truth Social app, causing shares to drop more than 60% since March. The company reported sales of $4 million with net losses nearing $60 million for the full year ending Dec. 31, and expects continued losses amid profitability challenges. Former President Donald Trump, who maintains a 60% stake in Truth Social, faces a $454 million fraud penalty and a campaign fundraising shortfall ahead of a potential 2024 election rematch against Biden.