Trump Media Stock Jumps on Launch of New Streaming TV Platform

Trump Media & Technology Group (DJT) shares jumped complete 7% Friday aft nan usability of erstwhile President Donald Trump's Truth Social said it is launching a caller streaming TV service.

Trump Media said nan platform, called Truth+, will see channels offering news, commentary, weather, and manner and intermezo content. It plans to grow programming arsenic its streaming rollout continues, “focusing connected news, Christian content, and family friends content.”

CEO Devin Nunes said that pinch Truth+, ”we're establishing a reliable location for awesome TV contented that is neglected by nan large corporations aliases is astatine consequence of cancellation.”

Next Phase To Integrate Streaming Apps With Truth Social

The institution called nan motorboat its first shape of nan service, pinch nan adjacent shape expected to “feature nan preamble of streaming apps integrated pinch nan Truth Social platform.”

Shares of Trump Media closed 7.4% higher Friday astatine $29.21 pursuing nan news. However, moreover pinch Friday's gains, they've fallen complete 55% from their all-time closing precocious connected March 27, a time aft nan company's trading debut.