"Truth Social's Live TV Streaming Launch Sends Trump Media Stock Plummeting"

1 min read
Source: Gizmodo
"Truth Social's Live TV Streaming Launch Sends Trump Media Stock Plummeting"
Photo: Gizmodo
TL;DR Summary

Trump Media & Technology Group, the company behind Truth Social, saw its stock plummet over 10% after announcing the launch of a live TV streaming platform, causing its market valuation to drop by more than half since its debut. The streaming service aims to provide a platform for content that has been canceled or suppressed on other channels, but concerns over the company's profitability persist as it disclosed significant losses and registered the resale of its outstanding securities.

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