"Trump Media's Truth Social Launch Leads to Double-Digit Stock Plunge"

Trump Media shares fell by more than 10% after announcing the launch of a live TV streaming platform for its Truth Social app. Former President Donald Trump, the majority shareholder, has seen the company's market capitalization decrease by over $5 billion since its public trading debut in March. The company plans to roll out the streaming content in three phases, focusing on news networks, religious channels, family-friendly content, and content facing discrimination on other platforms. CEO Devin Nunes expressed excitement about providing a platform for creators whose content has been unjustly suppressed.