Trump Media Stock Plummets After Truth Social Announces Live TV Streaming Platform [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
social media platform Truth Social, fell sharply again Tuesday after it announced that it's launching a streaming platform. Truth Social will stream live TV , the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.” Trump Media stock dropped more than 10% and traded at $23.85 per share in mid-morning trading Tuesday following the announcement. That brings the company's market capitalization to below $3.4 billion — cutting its market valuation by more than half since its first-trading-week highs. The company said the streaming service is “expected to greatly enhance and expand Truth Social, an iconic Trump brand whose free-speech mission resonates deeply with its community of users and supporters.” Truth Social had
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Sec Filings
- 3/8/24 - Form 144
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- 3/6/24 - Form 144
- SMWB's page on the SEC website