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Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower on Friday.
The company announced that it has commenced the phased rollout of its streaming platform, Truth+.
The operator of the social media platform Truth Social said in a press release that it has started moving existing beta testing of its Truth Social linear TV streaming to the company’s new content delivery network (CDN).
Following extensive stress testing, the initial streaming service is set to launch for all Truth Social users on the Web, with Android and iOS availability to follow shortly.
Once the CDN is deployed and tested, a Truth+ streaming icon on the Truth Social platform will grant access to the service.
The company said that iOS users will need to update their Truth Social app for streaming access, while Android and Web users will not require any updates or downloads.
“First, we created Truth Social to provide a safe harbor for free speech on the Internet,” said TMTG CEO Devin Nunes. “Now, we’re establishing a reliable home for great TV content that is neglected by the big corporations or is at risk of cancellation—and we are securing our own tech stack and hardware infrastructure to make our new CDN uncancellable.”
According to Benzinga Pro, DJT stock has gained over 68% in the past year.
Price Action: DJT shares are trading lower by 3.58% to $26.23 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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