Truth Social Announces Plans to Launch Live TV Streaming Platform

Truth Social Unveils​ Plans for Video Streaming Service

Truth Social, the⁢ social media platform backed by former U.S. President Donald Trump, ‌has announced its intention to⁢ venture into ​the video streaming​ market. The company aims to establish a presence in the competitive‌ streaming ‍landscape, ‍offering ​a platform for news and ⁣entertainment content.

Partnership with Rumble‍ for Content Delivery

To facilitate its streaming ambitions, Truth Social has partnered with Rumble, a video-sharing platform. Rumble will ​provide its content delivery ⁤network (CDN) infrastructure to support Truth Social’s livestreaming capabilities. Once the‍ integration is complete, the company plans to extend the CDN to its mobile and ⁤web applications.

Standalone Streaming Apps in the Pipeline

Following the successful implementation of livestreaming, ‍Truth Social intends to develop and release standalone over-the-top streaming apps ‌for ​mobile devices and ⁤tablets. ‍The company’s roadmap also⁢ includes the development ⁢of a dedicated streaming app ⁤for smart TVs, expanding its reach to a wider audience.

Truth Social CEO Devin Nunes emphasizes the‌ platform’s commitment to‌ providing a guaranteed space‌ for news and entertainment content that may face discrimination on other channels and content delivery services.

Trump’s Significant Stake⁤ in Truth⁢ Social

Former‌ President Donald ⁢Trump holds⁤ a substantial stake in Truth Social’s‍ parent company, Trump Media & Technology Group (TMTG), owning ⁤approximately​ 79 million shares. However, the company’s stock experienced a ‌significant ‌decline ⁢this week, triggered by a massive⁣ sell-off and a‍ filing that highlighted Trump‌ as a potential ⁢risk factor for the company’s future prospects.