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Trump Media & Technology Group Corp. (NASDAQ: DJT) is a prominent media and technology company, recognized primarily for its social media platform, Truth Social. TMTG is dedicated to providing digital spaces that encourage open, free, and honest global conversations without political bias. The company's mission is to counteract the perceived censorship imposed by major technology corporations, thus empowering users to freely express their views.
Truth Social stands as TMTG's flagship product, embodying the company's commitment to free speech. Launched to promote a censorship-free environment, the platform has quickly garnered attention for its unique positioning in the social media landscape. TMTG's operations recently achieved a significant milestone by completing a business combination with Digital World Acquisition Corp., leading to its public listing on NASDAQ under the ticker symbol DJT. This transformation underscores the growing demand for platforms that prioritize free expression.
Under the leadership of CEO Devin Nunes, TMTG has expanded its resources, securing over $200 million in capital, with no outstanding debt. This strong financial position provides a solid foundation for future growth and innovation. The company is actively advancing its content delivery network (CDN), which will support its upcoming live TV streaming service. This service aims to deliver a diverse range of content, including news, religious programming, family-friendly content, and other media often overlooked by mainstream platforms.
TMTG's CDN is designed to be independent of Big Tech, focusing on efficiency, cost-effectiveness, and high performance. This initiative aligns with the company's broader goal of establishing a dependable platform for creators facing unjust censorship. The network's phased rollout will enhance the user experience on Truth Social, ensuring reliable and secure streaming of high-quality content.
With a shareholder base largely consisting of retail investors loyal to its mission, TMTG places a strong emphasis on transparency and investor relations. The company advises shareholders to maintain their shares in cash accounts to prevent unauthorized lending for short selling, thus aligning with their long-term investment goals.
The company's dedication to free speech extends to its strategic efforts in infrastructure development, innovative product offerings, and robust financial management. As TMTG continues to evolve, it remains steadfast in its mission to safeguard digital freedom and provide a platform where all voices can be heard.
Trump Media & Technology Group (Nasdaq: DJT) CEO Devin Nunes congratulates Kash Patel on his nomination as FBI Director by President-elect Trump. Nunes highlights Patel's credentials as a lawyer and investigator, emphasizing their past collaboration in exposing alleged misconduct within the Intelligence Community. Nunes expresses confidence in Patel's ability to address and rectify issues within the FBI, aiming to restore public trust in the institution.
Trump Media & Technology Group (DJT) CEO Devin Nunes has issued a statement congratulating board member Linda McMahon on her nomination as Secretary of Education in the upcoming Trump administration. Nunes praised McMahon's contributions to TMTG, highlighting her role in the company's capital markets navigation, Truth Social platform expansion, and the launch of Truth+ streaming service. He emphasized her experience in business, education, philanthropy, politics, and her previous role as Small Business Administration Administrator.
Trump Media & Technology Group (DJT) announces completion of its initial data center network deployment for Truth+, its TV streaming platform. All planned data centers are now fully operational, supporting the platform's custom-built content delivery network (CDN). With nearly $700 million in cash and no debt, the company is focusing on expanding content, releasing native apps for additional TV systems, and developing uncancellable advertising and payment systems. Truth+ is currently available on Web, Android, iOS, and various connected TV platforms, featuring video on demand, live TV rewind, network DVR, and Spanish language interface.
Trump Media and Technology Group (DJT) reported Q3 2024 financial results, ending with $672.9 million in cash/investments and no debt. The company reported an operating loss of $23.7 million and net loss of $19.2 million, including $12.1 million in legal fees and $3.9 million in R&D. Revenue was $1.0 million plus $4.7 million in interest income. The quarter saw significant expansion with the launch of Truth+ TV streaming platform, including proprietary content delivery network and apps for iOS, Android, and connected TVs. The company has approximately 650,000 shareholders, predominantly retail investors.
Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has launched an Android TV app for its Truth+ streaming platform. The app is now available in the Google Play Store for Android TVs, offering news, entertainment, faith-based content, weather, documentaries, and children's programming. Truth+ features both linear TV channels and Video on Demand (VOD).
The platform includes new features such as live TV rewind, catch-up TV, network DVR, and a Spanish language interface. Users can sign in using a QR code or passcode, with the option to create a Truth Social account during the process. TMTG plans to introduce Truth+ apps for Samsung, LG, Amazon Fire, and Roku in the future.
TMTG's streaming technology is powered by its custom-designed Content Delivery Network (CDN), aiming to make the service 'uncancellable by Big Tech'.
Trump Media & Technology Group (Nasdaq: DJT) has launched the Truth+ streaming app for iOS and Apple TV. The app, now available in the Apple App Store, offers TV programming including news, entertainment, faith-based content, and more. It features both linear TV channels and Video on Demand (VOD).
The iOS app supports both phones and tablets, with casting capabilities to TV screens. Apple TV users can download the app directly from the App Store on Apple TV. The platform includes features like live TV rewind, catch-up TV, network DVR, and a Spanish language interface.
TMTG CEO Devin Nunes announced plans to introduce Truth+ native apps for other connected TV platforms in the future. The company is using its own custom-designed Content Delivery Network (CDN) to power the streaming service, aiming to make it 'uncancellable by Big Tech'.
Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has launched its Truth+ TV streaming service on the web. The full range of Truth+ streaming options is now accessible at player.truthsocial.tv for Truth Social account holders. The web version enhances the existing platform offering with additional content and new features including VOD, live TV rewind, catch-up TV, network DVR, and a Spanish language interface.
Truth+ content includes news, entertainment, faith-based programming, weather, documentaries, and children's content. The service is already available as a native Android app and will soon be released for iOS. TMTG plans to expand to various connected TV platforms in the near future. The company emphasizes that its streaming technology is powered by a custom-designed Content Delivery Network using its own infrastructure, aiming to make the service 'uncancellable by Big Tech'.
Trump Media & Technology Group (Nasdaq: DJT) has launched the Truth+ streaming app for Android devices, available on the Google Play Store. This app expands the Truth Social platform's streaming capabilities, offering TV programming focused on news, entertainment, faith-based content, weather, documentaries, and children's content. Truth+ includes both linear TV channels and Video on Demand (VOD), with features like live TV rewind, catch-up TV, network DVR, and a Spanish language interface.
Users can access Truth+ using their existing Truth Social credentials or create a new account within the app. CEO Devin Nunes emphasized the milestone in creating an 'uncancellable safe harbor for free speech.' TMTG plans to introduce Truth+ apps for iOS and various connected TV platforms in the future, while continuing to test and expand the content library.
Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has announced the expansion of its custom-built content delivery network (CDN) to multiple sites across the country. This upgrade transforms Truth Social's CDN, which powers the Truth+ TV streaming service, into a more sophisticated distributed content network.
CEO Devin Nunes stated that the CDN is operating excellently and rapidly enhancing, with additional data centers expected to open soon. The company aims to create a robust TV streaming platform featuring news, Christian content, and family-friendly programming that is uncancellable by Big Tech.
The Truth+ streaming service, accessible through the Truth Social platform and soon to be released as stand-alone apps, operates through specially designed infrastructure with its own servers, routers, and proprietary software stack.
Trump Media and Technology Group Corp. (Nasdaq: DJT) reported Q2 2024 results and closed a TV streaming deal. Key highlights:
- $344 million cash on balance sheet with no debt
- Opened first data center for custom-built content delivery network
- Launched Truth+, a TV streaming platform, on Truth Social (iOS, Android, Web)
- Q2 GAAP net loss of $16.4 million, including $8.3 million in legal expenses
- Revenue of $837,000 plus $2.3 million interest income
- Focused on long-term product development and platform optimization
TMTG aims to expand features, live TV streaming, and its ecosystem to drive future revenue and shareholder value.
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