Posted on 11/13/2023 9:43:50 PM PST by conservative98
Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group Corp. made a major step in the proposed Truth Social merger that would inject the company with significant financing, a Monday announcement from both companies revealed.
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The merger would allow Truth Social to go public, issue stock, and access hundreds of millions of dollars in financing.
Former President Donald Trump created Truth Social after Facebook and Twitter, now known as X, banned him from the social media platforms.
Reuters reported in October that DWAC, the special purpose acquisition company designed to take Truth Social public, said this week it would return to investors the $533 million raised for the deal.
(Excerpt) Read more at breitbart.com ...
I can hear the dems heart attacks and screams of pain from here....
Along with the Never-Trump Freepers. š
Truth Social has lost $73 million since its launch. The Breitbart journalist failed to mention those salient facts.
Uber has never turned a profit, gasmask, gagwhine, whatever ā¦ a moRonlim by any other name is still a moRonlim ā¦
A week ago Uber just announced the second straight quarterly profit.
Good try though.
Truth Social will never be able to compete with Twitter/X regardless of the mega financing it could receive.
I tried registering and it was a major hassle - ultimately abandoned.
Truth Social should try to merge with Twitter/X...but, except for Trump’s account, there’s no upside for Musk
TS is yet another hog for information about (egs. tracking) its members. Like Google, like (the RINOs) WinRed, like so much intrusion into privacy.
No thanks.
Truth Social has the same revenue problem as X (I.e. Twitter under Musk) Musk and other conservative outlets. No matter how popular they are in terms of audience the woke decision makers at major corporations and advertising agencies will not purchase advertising on the platforms. Effectively conservative media is cut off from the revenue that feeds legacy media and the woke social media platforms. In the corporate world of today, social and political advocacy is more important than generating profits. Capitalism is rapidly being displaced by corporate socialism.
We see the same thing with the decline of My Pillow which lost its retail distribution (Walmart, Kohls, Costco, Target) after its founder becam visibly active in support of Donald Trump. Over the last decade the Republican Party has seen Democrats surpass it in campaign contributions from corporate and Wall Street sources. Business executives now give to Democrats, not Republican candidates. Since individual campaign contributions are publicly reported no young conservative working in a corporation led by woke executives can publicly show his or her political leanings. They register to vote as independents or Dems. They may even contribute to Democrat candidates or give to woke non profits because they know the executives who control career advancement will destroy them if they support conservative causes.
Money is essential to businesses and politics. The left is quietly cutting off the flow of funds to conservative media, and candidates. Not to mention banks denying credit to individuals, charities, and businesses perceived as conservative. This is one of many strategies being used by the left to destroy freedom and cement its hold on power. Coming up now is the use of AI to spy on individuals and eventually cut off “hidden” conservatives from jobs, financial markets, life saving healthcare, and access to the internet.
“I can hear the dems heart attacks and screams of pain from here....”
If you want to hear more Dem screaming, invest everything in TS/DWAC.
Agreed. It was poorly conceived and poorly executed.
peanuts. X looses almost $1B a year.
Truth Social needs the merger to be complete, giving them billions in cash to make the necessary moves for growth
Letās make a mind bet. We will revisit X and Truth Social in a couple of years. You are long Truth Social and Iām short. Likewise, Iām long X, and you are short X.
curiously, why would you be ‘short’ truth social? It’s the only platform that doesn’t ban/cancel conservatives. Even Twitter/X still bans and torques down viewership (big time).
The sole criteria for investing in an equity is will I make money in a reasonable amount of time.
you can’t invest in X/Twitter. It’s not public. So you’re essentially BS’ing your way around FR
I stand corrected. Thank you.
ā curiously, why would you be āshortā truth social? Itās the only platform that doesnāt ban/cancel conservativesā
Because conservatives are a small and shrinking minority.
Facebook, now Meta, took five years to reach profitability.
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