🚀 Truth Social to Launch Live TV

Sponsored by

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Truth Social, owned by Donald Trump’s media company, announced plans to launch a live TV streaming platform focusing on "news networks" and "religious channels." The platform aims to feature content considered at risk of cancellation or suppression on other services, including "family-friendly" films and documentaries. The service will be rolled out in three phases, starting with a content delivery network on the Truth Social app across various platforms, then over-the-top streaming apps for mobile devices, and ultimately, a dedicated TV app. TMTG CEO Devin Nunes expressed enthusiasm about providing a space for discriminated content. This announcement coincides with Elon Musk's efforts to transform his platform X into a video-first site. Meanwhile, Truth Social struggles financially, with significant losses and minimal revenue despite a recent public offering. The app has accumulated nearly seven million downloads across major app stores.

2. China's economy saw an unexpected growth of 5.3% in the first quarter, driven primarily by strong performance in the initial two months of the year. However, this growth was shadowed by weaker retail sales and industrial production in March. While global demand has helped boost manufacturing, persistent issues such as a downturn in real estate and falling factory prices point to deeper economic concerns, including deflation and overcapacity. These challenges have had ripple effects on regional markets, leading to declines in Asian stocks and emerging market currencies. The recovery remains uneven, with sectors like integrated circuits and new-energy vehicles experiencing growth, while others, such as cement production, saw significant declines, the largest since 1995, underlining the ongoing struggles in the housing market.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. Johnson & Johnson beat earnings expectations.

   2. Bank of America profits fell last quarter.

   _{* This is sponsored content.}

Learn how to make AI work for you.

How do you stay up-to-date with the insane pace of AI? Join The Rundown – the world’s fastest-growing AI newsletter with over 500,000+ readers learning how to become more productive using AI every morning.

1. Our team spends all day researching and talking with industry experts.

2. We send you updates on the latest AI news and how to apply it in 5 minutes a day.

3. You learn how to become 2x more productive by leveraging AI.

Subscribe with one click.

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill