Trump Media and Technology Group (DJT), the parent entity of Truth Social, recently announced that they have raised $105 million in fresh liquidity to fuel their ambitious plans for a new live TV streaming platform and content delivery network (CDN). This significant increase surpasses their initial expectation of $69.4 million, thanks to the cash exercise of their warrants. With an additional $41 million in unrestricted cash, the company now boasts a cumulative cash balance of $350 million as of July 1st.
This influx of cash enables Trump Media to aggressively pursue their growth-focused agenda. Having completed the research and development phase of their live TV streaming platform, the company plans to introduce live streaming to the iOS, Android, and web versions of the Truth Social platform. Subsequent phases include launching a dedicated OTT streaming app for smartphones and tablets, followed by an app for smart TVs.
In a related announcement, Trump Media revealed that their stock will be included in the Russell 1000 and Russell 3000 indexes as part of their annual reconstitution. This inclusion will attract passive liquidity into their shares, as being part of the Russell 3000 index automatically qualifies a stock for inclusion in various indexes. With around $9.1 trillion in assets benchmarked against Russell’s U.S. Indexes, this development marks a significant milestone for Trump Media and Technology Group.
Trump Media’s new live TV streaming platform is expected to offer users an unparalleled viewing experience with features such as personalized recommendations based on viewing history and real-time analytics that track audience engagement metrics like views per minute and time spent watching videos.
The company’s ambitious plans also include expanding its content library beyond news programming to include sports events, concerts, and other live events that can attract younger viewers who are more likely to engage with social media platforms.
With its growing presence in the media industry, Trump Media is well-positioned to capitalize on emerging trends such as cord-cutting and social media consumption habits.
Overall, Trump Media’s recent announcement is exciting news for investors who are looking for companies with strong growth potential in the tech industry. The influx of cash will enable them to continue investing in research and development while expanding their reach through partnerships with other media companies and content creators.
As they continue down this path towards success
