Trump posted two articles announcing that Trump Media and Technology Group (TMTG), Trump’s company that runs Truth Social, is launching a new streaming platform. Hopefully, it will better than the existing network as users have reported long buffering times for videos to play. Trump’s video this morning has a buffering icon in the middle and refused to immediately play.
Trump video post buffering Truth Social
Trump reposted Truth Social CEO Devin Nunes who shared an article and a press release stating that Truth Social plans on streaming content such as “news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services.”
A graphic for TMTG+ TMTG
Trump’s streaming service will be known as TMTG+ and was originally announced to be a “non-woke” competitor to Netflix, Hulu, and Disney+. Awful shows that have been cancelled could potentially find a home with Trump. Can’t wait to see what the MAGA alternative to Marvel Comics and Star Wars will be.
Trump posts promoting Truth Social’s new streaming platform Truth Social
Trump’s stock has been tumbling and this announcement may be intended to help stop the falling stock price. The press release does have a disclaimer that this is a “forward-looking” statement and not a guarantee.
Trump’s stock is trading under $24, a far cry for the high of $79.38 Stocks
The company also states they reserve the right not to inform anyone if their plans change unless they are legally obligated to do so. In other words, here is an announcement, but we are not responsible if things don’t pan out or if we don’t deliver. Not at all sketchy in the slightest.
Trump at s Truth Social influencer and investor celebration at Mar-a-Lago Telegram
The press release also states that “the impact of the ongoing legal proceedings in which President Donald J. Trump is involved on TMTG’s corporate reputation and brand” could impact the company’s ability to delivery on its “forward-looking” announcements. This would impact its profitability. Shorter version: Trump is bad for business.
This announcement could be a ploy to get the stock back up. The disclaimers could dishearten investors if they read them. The company is admitting that Trump could be bad for their brand. MAGA Republicans potentially streaming insurrectionist crimes from their platform could be bad for their brand too. Just ask Parler.
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