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Truth Social Announces New, Transformational Expansion Plans

Truth Social has announced a game-changing development that could put the fledgling social media company in the class of corporate media outlets and tech giants like Netflix or Fox Media Corp.

According to a recent announcement from the company, Truth Social will be expanding into broadcasting and streaming services.

The eventual goal is for Truth Social to bring its proposed content delivery network (CDN) to televised networks.

It’s no secret that grassroots conservative Americans are looking for a news media network that isn’t biased against them and does not act as a mouthpiece of the political establishment. Perhaps Truth can fill that niche.

The technology company announced its planned expansion into broadcasting and streaming on Tuesday:

Newsweek provided this quote from CEO Devin Nunes:

“We’re trying to take the best of Instagram, Facebook, Twitter, Reddit, and TikTok, put it into one app.

Well, we’re now going to have the ability for canceled TV programs and or maybe not canceled but maybe not allowed on all the platforms.

You’ll be able to actually watch television within Truth Social.”

DJT’s stock is currently trading around $24.07, a sharp decline from its recent high of ~$79.00. Will the recently announced developments be able to rescue the price of the stock?

CBS News provided this price update for DJT:

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.


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