Trump Media Stock Plummets After Truth Social Announces Live TV Streaming Platform

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Trump Media Stock Plummets After Truth Social Announces Live TV Streaming Platform
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Truth Social will offer content 'that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services,' the company said.

This story originally appeared on Quartz. Shares of Trump Media & Technology Group, the company behind former President Donald Trump ’s social media platform Truth Social , fell sharply again Tuesday after it announced that it’s launching a streaming platform.

“With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services,” Trump Media CEO Devin Nunes said in a statement Tuesday. “There is a lot of great content that simply can’t find an audience for unjust reasons, and we want to let these creators know they’ll soon have a guaranteed platform where they won’t be canceled.

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