Trump Media Has More Stock Coming
A Trump Media product launch and S-1, a Hunterbrook investigation, whistleblower synergies and secret CEO deaths.
Trump Media & Technology Group announced some product news today, which I for one was not expecting. It has previously said that it had “begun testing” a streaming video platform, and today it announced that it “has finished the research and development phase of its new live TV streaming platform” and plans to roll it out. There are not many details about the rollout, though the platform will focus on “content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services.”
As of noon today, Trump Media’s stock was down about 13%, because the market expected the streaming platform to be further along, with more details on the rollout and monetization plans and content partnerships. Obviously I’m kidding. That’s not why. I don’t really think the market has much in the way of organized expectations for Trump Media’s products or business. As far as I can tell, zero sell-side research analysts cover the stock. Probably more or less nobody bought the stock in anticipation of a better streaming announcement today and then had to unwind the trade this morning.