The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

DJT shares jump after Trump Media rolls out TV streaming plan

by admin August 4, 2024
August 4, 2024
DJT shares jump after Trump Media rolls out TV streaming plan

Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social.

The company’s stock price, which trades under the ticker DJT on the Nasdaq, jumped more than 6% Friday morning on the heels of the news.

DJT shares had been in a slump since the share price briefly surged after former President Donald Trump, who is the company’s majority shareholder, survived an assassination attempt on July 13. Before Friday, the share price had fallen more than 33% after that bump.

Trump, who is the Republican presidential nominee, owns nearly 59% of the company’s stock.

In a press release Friday, Trump Media said it is now stress testing the TV streaming service, dubbed Truth+, on its “new content delivery network.”

Once deployed, the company said, Truth Social users will be able to use the service simultaneously while they browse the platform’s existing microblogging content.

“We’re establishing a reliable home for great TV content that is neglected by the big corporations or is at risk of cancellation,” Trump Media CEO Devin Nunes said in the release.

That content will initially include news, commentary, weather and lifestyle and entertainment channels, with plans to expand with Christian- and family-focused programming, the company said.

The company, which has billed itself as a conservative alternative to social media giants such as Facebook and X, claimed in the release that its streaming service will be “uncancellable by Big Tech.”

Trump Media last month as part of the rollout of its content network announced an asset acquisition agreement with the LLCs WorldConnect IPTV Solutions and JedTec.

ProPublica on Tuesday reported that JedTec is an obscure entity led by James Davison, a major Republican donor and energy magnate whose business interests could be affected if Trump wins a second term as president.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
S&P 500 Equal Weight ETF Gains Strength
next post
U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown

Related Posts

TikTok parent company dismisses intern who it says...

October 22, 2024

Bed Bath & Beyond relaunches with first store...

August 9, 2025

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

TGI Fridays operator files for Chapter 11 bankruptcy...

November 5, 2024

Passengers sue Boeing and Alaska Airlines for $1...

March 5, 2024

Care.com settles charges it inflated jobs listings and...

August 30, 2024

Netflix says its ad tier now has 94...

May 16, 2025

Starbucks barista strike expands as workers demand pay...

December 27, 2024

TikTok and fast-food rivalry fuel Chili’s sales as...

August 17, 2024

Global debt has grown to $315 trillion this...

May 30, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Playboy moving its headquarters to Miami Beach and opening a new club

      August 17, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 17, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 17, 2025
    • Zelenskyy outlines peace demands before high-stakes White House meeting with Trump

      August 17, 2025
    • Trump closes out 30th week in office with ‘very warm’ high-stakes Putin meeting

      August 17, 2025
    • State Department stops issuing all visitor visas for individuals from Gaza

      August 17, 2025

    Categories

    • Business (1,346)
    • Politics (4,253)
    • Stocks (1,591)
    • Uncategorized (45)
    • World News (1,339)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved