Thursday, December 12, 2024

Trump Media Stock Drops At Opening Bell as Company Announces TV Streaming Platform

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Trump Media stock dropped by $1 this morning at the opening bell of the stock market.

That’s despite the company announcing the beginning of streaming on their video platform on the Truth Social app.

According to a press release, “TMTG plans to expand programming as its streaming rollout continues, focusing on news, Christian content, and family friendly content.”

Much mocked former congressman Devin Nunes, a long time Trump supporter, runs Truth Social.

Wall Street so far does not seem excited about this news. Trump Media stock has been in a straight decline for more than two weeks. Trump’s latest racist blatherings are not turning out well for business.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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