Donald Trump's company will launch streaming platform

Trump, who aspires to return to the White House in the November elections, is accused of falsifying documents in order to hide payments to buy the silence of a former porn actress during his 2016 campaign.

Despite this Tuesday's announcement, its shares on the New York Stock Exchange continued to fall.

After a successful debut on Wall Street last month, shares of Trump Media and Technology Group have suffered a sharp decline. The company's market value fell from $11 billion at its debut to less than $3.2 billion this Tuesday, when its shares were trading at $22.97 on the Nasdaq index.

According to Nielsen, in 2023, American viewers watched 21 million years of streaming video, an incredible 21% increase from the 17 million years they watched in 2022. So this attempt could make the company more profitable. company of the former President of the US.

However, despite the announcement, the company's shares sank more than 12% throughout the day despite the announcement that the operators of Truth Social will add a streaming platform to the social network.

Its content will focus on news, religion, and “family” movies, according to the company.

“We want to provide a permanent home for quality news and entertainment that faces discrimination from other networks and content distributors,” CEO Devin Nunes said in the statement.

At first, the streaming platform will be available through the Truth Social app, and will later be launched separately, according to the company.

With information from AFP.