Posted on 12/04/2021 12:07:11 PM PST by conservative98
PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.
The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.
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Trump is listed as chair of TMTG. He will get tens of millions in special bonus shares if the combined company performs well, handing the former president possibly billions of dollars in paper wealth
(Excerpt) Read more at theintelligencer.com ...
they’ll also compete against AWS, which is amazon’s nazi servers (who love to cancel or shut down those that don’t agree with leftist propaganda). I think he’s partnering with thiel too on a paypal like entity and maybe even something like give send go that doesn’t cherry pick on who deserves fundraising.
I also think, and this is just me, they’ll go after CNN to compete with faux news.
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I’d be surprised if they don’t already have all the bases covered.
hadn’t thought about picking up CNN - that would be poetic justice. lol
lotta options out there to pick up smaller cloud ($DOCN), existing relationships with OANN & pillow mike have media legs going, thiel has got his fingers on a lotta deals.
will be interesting to see this come together. hopeing by february
The one thing that You Tube has that keeps content creators going to them is their monetization thru advertising.
Trump will need to decide if this will just be a political based service or more. If more they need to pull content creators. This could be a good reason to pay monetization with Bitcoin or another virtual currency that will eliminate woke banks from interfering.
Also the interface from mobile(Android & iPhone) to tablets to PCs nees to be solid and easy to use.
Nice! I like yours better!
bookmark
Rumble — “I can confirm that they have an arrangement together where Truth Social is going to be paying Rumble to do distribution,” Cantor Fitzgerald CEO Lutnick said on Bloomberg.
https://rumble.com/vq6z8x-cantor-fitzgerald-ceo-trumps-truth-social-working-with-rumble.html
I bought 30k DWAC last month.....Optimistic for a nice return over time.
I’m jelly. I only have 2500
I mean, bully!, but he has to divest everything in 18 months to kick off the MAGA CARTA.
More than encouraging!
Actually $30K worth of stock not 30K shares.
timeline of rumble, cfvi, tmtg...just for clarity
https://www.reddit.com/r/DWAC/comments/r8u42g/dwac_and_cfvi_rumble_spac_are_not_one_and_the_same/
oh...lol still, good chunk as I vaguely recall you bought in really early.
I got in at $27, made a swift $80k (which could have been $250k if I’d sold earlier) then bought back in and am currently at a loss. I do not expect to stay there long. Wish I had more moola.
Remember Trump has about 14 years of TV experience via the Apprentice. Nothing about this is new or unfamiliar to him. If nothing else he understands entertainment thru his casino experience. go maga!
That is very true.
I still spend a lot of time on Youtube for documentaries, true crime series, classical music, rock concerts, clips from movies, etc, etc.
Rumble needs more of that in order to truly compete with YouTube.
https://rumble.com/category/viral
There viral section isn’t very political. There is gaming. Many people are dual uploading content to YouTube and rumble.
I hope you will both be richly rewarded
The DWAC shorts will pay.
Don’t over look the new rumble spac CFVI. It was up 25-30% at friday’s close
Remember when Newt tried to setup GOPAC in 99?
No one remembers it.
timeline of rumble, cfvi, tmtg...just for clarity
—
They will merge over time most likely IMO
Rumble already is hosting other companies on their web servers and yesterday it was confirmed they will also host Truth Social
If you look at the long term plan of Truth Social it’s to also take on Amazon hosting ...
Also Rumble brought Locals last month which is a subscription Video service...which is another long term plan for Truth Social
And Donald Trump Junior seems to be retweeting every big news about Rumble ...
Also Trump Media is using a Rumble embed for their Demo Video
Rumble will soon launch cloud and email services too which are yet long term goals of truth social
in addition to the pre SPAC private funds...
Truth Social will have 1.4 Billion in funds (1 Billion in this PIPE and 400 million Cash on DWAC balance sheet)
Rumble will have 400 Million in new funds from the CFVI merger just announced
There was no “insurrection” at the Capitol on January 6th.
Some FBI instigators and BLM and Antifa infiltrators were the ones causing most of the trouble.
The real insurrection occurred in the wee morning hours of Wednesday, November 4th, 2020.
amen brother/sister. I’d love to make money on it but, more than anything, I’d like to see it flourish to crush the enemy that seeks to destroy everything about our great nation and the ability to live free. This wicked little group of gnomes that delete, cancel, block, shadow ban, etc., anything that’s Christian or Conservative, need to be forever banished to the ash heap of failures.
I read that the rumble merger stock rise crashed and then only went back up when the Cantor CEO came out and said there’s a parternship between TMTG & Rumble.
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