Trump Media announced a live TV streaming platform — and the stock tumbled 10%

- Trump Media & Technology Group announces the launch of a live TV streaming platform called Truth Social - Truth Social will offer content that has been canceled, at risk of cancellation, or suppressed on other platforms - The stock of Trump Media fell by 14% after the announcement, reducing the market capitalization to $3.12 billion - Trump Media aims to provide a platform for high-quality news and entertainment that face discrimination on other channels - The company went public on Nasdaq under the ticker DJT, and its stock has been on a downward trend since its debut - CEO Devin Nunes expressed confidence in the company's position despite concerns over its profitability