Appealing to the anti-cancel-culture audience, President Donald J Trump’s media company, the Trump Media & Technology Group (TMTG) is looking to enter the streaming market, promising to build own streaming service that “cannot be cancelled.”
Former U.S. president Donald J. Trump’s Truth Social
The company behind Truth Social, former president Donald Trump’s social media platform, the Trump Media & Technology Group (TMTG), has plans to further extend its media reach with a new acquisition of technological assets designed to boost its foray into streaming.
On July 1st, TMTG joined the Russell 1000 and Russell 3000 indexes.
Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, yet another of President Donald J. Trump’s iconic American brands, announced today that it signed an agreement to acquire assets intended to power TMTG’s planned content distribution network for streaming of linear TV – initially via the Truth Social platform and later through stand-alone apps. Additionally, the Company finalized a long-term equity financing arrangement to fund TMTG’s expansion over the next three years.
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