Trump Media Expands Streaming Offerings with Truth+ Web Launch From Investing.com

SARASOTA, Fla. – Trump Media & Technology Group (NASDAQ:DJT), operator of the social media platform Truth Social, announced the expansion of its streaming services with the launch of Truth+ on the web. Accessible via player.truthsocial.tv, the service now allows Truth Social users to stream a wide range of content – from news to entertainment to religious programming – directly on computers, laptops and mobile devices.

The web-based version of Truth+ complements the existing Android app and expands the limited streaming service previously available on the Truth Social platform. An iOS app will follow shortly. The new web service offers features such as video on demand (VOD), live TV rewind, catch-up TV for up to seven days, network DVR and a Spanish-language interface.

TMTG CEO Devin Nunes emphasized that the launch of Truth+ on the web continues the company’s efforts to enhance the user experience through family-friendly content and advanced streaming features. Nunes highlighted the service’s ultra-fast delivery, enabled by TMTG’s own Multi-Site Content Delivery Network (CDN). This was designed to make the service resilient to potential interference from larger technology companies.

In the near future, TMTG plans to launch Truth+ on various smart TV platforms, including devices from Samsung, LG, Apple TV, Android TV and Amazon Fire. The company is currently in beta testing of the streaming technology, collecting user feedback and will announce completion of testing and full launch in due course.

TMTG sees its mission as providing a platform for free expression in an environment of increasing censorship by large technology companies. The company’s independent CDN is intended to ensure the availability and sustainability of its services.

This story is based on a press release from Trump Media & Technology Group. The Company’s forward-looking statements regarding business strategies and future plans are subject to risks, uncertainties and assumptions. Actual results may differ from expectations.

In other recent developments, TMTG has expanded its presence in the streaming market with the launch of the Truth+ app for Android devices. The app offers access to various TV programs and is integrated into the Truth Social social media platform. Additionally, TMTG reported a first-quarter net loss of $327.6 million due to non-cash expenses leading up to the merger. However, the Company expects to receive over $69.4 million from cash exercise of warrants, which could generate up to $247 million if all warrants are fully exercised.

TMTG has also initiated a stock repurchase program and authorized the repurchase of 128,138 shares of common stock from certain executive officers. The Company is involved in several legal disputes, including an intellectual property rights service agreement lawsuit with United Atlantic Ventures and a dispute with ARC Global Investments II.

Additionally, TMTG announced the operational expansion of its Content Delivery Network (CDN) to enhance the Truth+ TV streaming service. The CDN extension aims to create a robust platform that is resilient against censorship attempts from larger tech companies. Additionally, TMTG has introduced live TV streaming for iOS device users, accessible through the Truth Social app – a significant step in the company’s media expansion efforts.

Investing Pro Insights

As Trump Media & Technology Group (NASDAQ:DJT) expands its streaming services with the launch of Truth+, it’s worth taking a look at some key financial metrics and insights from InvestingPro.

DJT stock shows positive momentum over various time periods. In the last twelve months it achieved a total return of 10.47%, in the last three months the return was 4.61%. This upward trend corresponds to the company’s efforts to improve its product offering and expand its user base.

The average daily trading volume for DJT over the past three months was 106.76 million shares, indicating significant investor interest. This high trading volume suggests that market participants are closely following the company’s developments, including the recent launch of Truth+ on the web.

InvestingPro tips provide additional valuable insights for investors considering DJT. These tips provide a more comprehensive view of the company’s financial health and market position. InvestingPro provides 8 additional tips for DJT that can help investors make informed decisions about this evolving media and technology company.

As TMTG continues to introduce new features and expand its platform reach, investors should closely monitor the impact of these developments on the company’s financial performance and share price in the coming quarters.

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