Trump Media And Technology Group Begins The Phased Rollout Of Its “Uncancelable” Streaming Service Called Truth+
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Trump Media and Technology Group (NASDAQ: DJT) shares have experienced a broad-based weakness over the past month on dilution concerns, with the stock down ~18 percent since the 02nd of July. Today, however, the company is attempting a narrative reset by commencing the phased rollout of its bespoke streaming platform, dubbed Truth Plus.
Back in May, Trump Media and Technology Group had noted that it was done with the research and development phase of its new live TV streaming platform and that it would begin to scale up its own Content Delivery Network (CDN). In the first phase, Trump Media is planning to introduce live streaming to the iOS, Android, and web versions of the Truth Social platform. In the second phase, the company intends to launch a dedicated OTT streaming app for smartphones and tablets, and then release a version of the app for smart TVs in the third phase.
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This brings us to the crux of the matter. Trump Media has now announced that it will begin "moving existing beta testing of its Truth Social linear TV streaming to the Company’s new content delivery network (CDN)." After initial testing, the Truth+ streaming service will be rolled out to the web version of the Truth Social app, followed by a progressive rollout on the Android and iOS platforms.
The company noted in its press release:
In the next stages, Trump Media and Technology Group intends to introduce a plethora of new streaming-related features on the Truth Social app, including "an interactive 14-day electronic guide, instant catch-up TV on any show broadcast in the previous 7 days, network DVR, video on demand, and more."
Since these services will be powered by private servers, routers, and
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