Trump Media Stock Drops Over 10% As New Streaming Platform Faces Profitability Concerns

Trump Media stock fell over 10% Tuesday after announcing plans to launch a live TV streaming platform through Truth Social app
Platform expected to stream news, religious, family-friendly, and "cancelled" content
Company went public via SPAC merger in late 2022, but stock down over 60% since March
Trump's stake worth around $1.9 billion currently, down from $4.5 billion shortly after going public
Company reported $4 million in sales and $60 million in losses in 2022, warning of ongoing profitability challenges