Trump Media stock sinks after company announces plans to launch live TV streaming platform

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Trump Media,Truth Social,Special Purpose Acquisition Company

Shares of Trump Media have fallen more than 60% since the company's public markets debut at the end of March.

, Trump Media — the parent company of Donald Trump's social media platform Truth Social — will launch the live streaming service on phones, tablets, and TV through the Truth Social app.

The former president founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump has since been reinstated on those platforms.released earlier this month, Trump Media reported sales of just over $4 million as net losses reached nearly $60 million for the full year ending Dec. 31. The company warned it expects losses to continue amid greater profitability challenges.

The first criminal trial facing former President Donald Trump is also the one in which Americans are least convinced he committed a crime, a new AP-NORC Center for Public Affairs Research poll finds.TMTG finishes R&D on its own content delivery network, announcing plans for phased streaming introductionSARASOTA, Fla., April 16, 2024 -- Trump Media & Technology Group Corp.

Chinese runner He Jie’s victory in Sunday in the Beijing Half Marathon is facing a probe after his win was called into question by Chinese internet users because a trio of African runners appeared to deliberately slow down to let him win.VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but labour shortages persist and are putting "extreme pressures" on employers.

 

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