Trump Media shares plunge more than 14%, company says Truth Social to launch TV streaming
Publishing timestamp: 2024-04-16 13:48:07
Summary
Trump Media shares fell by more than 14% after announcing the launch of a live TV streaming platform for its Truth Social app. The company's majority shareholder, former President Donald Trump, is currently in court for a criminal case. The company's market capitalization has decreased by more than $5 billion since going public in March. CEO Devin Nunes expressed excitement for the new streaming platform, aiming to provide a home for content that faces discrimination on other platforms.
Sentiment: NEGATIVE
Tickers: DJT,
Keywords: politics, social media, trump media & technology group corp, breaking news: business, donald trump, breaking news: markets, breaking news: politics, business news, entertainment, business,