"Trump Media Stock Plummets as Truth Social Ventures into Live TV Streaming"

Trump Media & Technology Group, the company behind Truth Social, announced the launch of a live TV streaming platform, causing its stock to tumble by 14%. The streaming service will include news, religious channels, and "family-friendly content," as well as content that has been canceled or suppressed on other platforms. The company's market valuation has been cut by more than half since its first-trading-week highs, and it recently disclosed a significant loss from operations and interest expenses. Despite concerns over profitability, CEO Devin Nunes stated that the company is "well positioned," but did not provide a timeline for when it expects to be profitable.