Trump Media shares fall 7% after saying Truth Social to launch TV streaming platform

vegeta@lemmy.world to News@lemmy.world – 309 points –
Trump Media shares fall more than 10%, company says Truth Social to launch TV streaming
cnbc.com
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Why on earth would running a service that actually costs money be a good idea for company so deep in a hole on a webservice that's comparatively free to run.

You’re expecting logic from a company that’s being run by idiots, grifters, and idiotic grifters?

It's almost definitely a bogus or halfhearted announcement to pump the stock price. Announce a new service to make people think that there's some future SOMEWHERE for big profits. Like you see Musk doing (recent 8/8 announcement for Tesla) for example.

In this case specifically to preserve a Trump payout.

And...It did not work.