Trump Media Stock Drops Over 10% After Announcing Streaming Platform Despite Financial Struggles

Trump Media's stock price plummeted over 10% on Tuesday after announcing a new live TV streaming platform
The streaming service aims to provide a platform for content that faces "discrimination" on other channels
Trump Media's valuation has been cut in half since its early highs after going public via a SPAC merger in March
The company lost $16 million in operations and had just $4.1 million in revenue last year
Former Congressman Devin Nunes, now Trump Media's CEO, said the company is "well positioned" despite profitability concerns