(Reuters) -Trump Media & Technology Group is planning to roll out a live TV streaming platform in phases, the Truth Social parent said on Tuesday.

The social media company linked to former US president Donald Trump will launch Truth Social’s content delivery network for streaming live TV on the app for Android, iOS and Web in the first phase.

It plans to release the streaming apps for TV in the final third phase, the company said, without disclosing a timeline. It has carried out six months of testing of the technology.

Shares of Trump Media rose slightly in premarket trading on Tuesday, up 1.5%, after the news.

The stock slumped 18% on Monday, after the company said it could sell millions of shares in coming months, including the former president’s entire stake. The drop came after a sell-off last week and highlighted the shares’ volatility since Trump Media went public after merging with Digital World Acquisition Corp in late March.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Arun Koyyur)