Trump Media launching Truth Social streaming service, where it says creators "won't be cancelled" [CBS News]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CBS News
The announcement comes three weeks after Trump Media began trading on the Nasdaq stock market, briefly valuing the company at $10.8 billion. After reaching peaking at $79.38 per share on March 26, the stock — which trades under the ticker DJT, the initials of former President Donald Trump — has plunged by almost 70%. The slide continued on Tuesday, with Trump Media shares slipping $3.29, or 12.4%, to $23.32 in early afternoon trading. Its market value now stands at about $3.1 billion. Trump Media's primary asset is Truth Social, the social media service that Trump created in 2022 after he was booted from major platforms following the January 6 assault on the U.S. Capitol. From its founding, the company aimed to create what it called a " media powerhouse " with multiple platforms, including social media and digital streaming. Until now, however, the company had only introduced Truth Social. Going public has helped bolster the money-losing company's coffers, with Trump Media CEO
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