Trump prepares new streaming platform

Donald Trump indicated that he was preparing a new platform For streamingthe announcement was presented during the second day of judgement that the American tycoon faces in a court in his native New York when he is accused of falsifying documents in order to hide payments to buy the silence of Stormy Daniels Former adult film actress during her 2016 campaign.

The new platform of Trump, who once again aspires to become president of the United States, will be carried out within his social network Truth Partnerl – almost the counterpart of exTwitter – according to a press release from the social network cited by the AFP agency.

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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 suffered a sharp decline. The company’s market value fell from $11 billion in its debut to less than $3.2 billion on Tuesday, as its shares traded at $22.97 on the Nasdaq index.

Shares of DJT – the group’s symbol on Wall Street – fell more than 12% throughout the day despite the announcement that Truth Social operators would add a streaming platform to the social network. Its content will focus on news, religion and “family” films, according to the company.

What content will be present on Trump’s new platform?

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

Initially, the streaming platform will be available through the Truth Social app, then will launch separately, according to the company owned by billionaire Trump.

Truth Social, the company’s main asset, was launched by Trump following his exclusion from Twitter, now X, and Facebook in 2021, following the attack on the Capitol in Washington led by his supporters in January of the same year.