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Stock prices for DJT rise following announcement of Trump Media’s TV streaming service plan


Trump Media has launched a TV streaming service called Truth+ as part of its social media platform Truth Social. The company’s stock price, DJT, rose more than 6% following the announcement. Former President Donald Trump, the majority shareholder, has seen fluctuations in the share price since surviving an assassination attempt in July. The company aims to provide “neglected” content, including news, commentary, weather, and lifestyle channels, with plans to expand to Christian and family-focused programming. CEO Devin Nunes stated that the service will be a reliable home for content excluded by big corporations. The company claims its streaming service will be “uncancellable by Big Tech” and has made an asset acquisition agreement with WorldConnect IPTV Solutions and JedTec, led by major Republican donor James Davison. The rollout of the TV streaming service comes as part of Trump Media’s effort to provide a conservative alternative to mainstream social media platforms.

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