President Trump has been busy! And we're all going to be the beneficiary.
Posted on 10/20/2021 5:44:28 PM PDT by BusterDog
President Donald J. Trump has revealed dominating plans to compete with the radical left media with the formation of Trump Media & Technology Group.
Trump Media & Technology Group, which is chaired by President Trump, has merged with Digital World Acquisition Corp. to become a publicly listed company with a potential valuation of up to $1.7 billion, a Wednesday press release from TMTG states.
The media company intends to “create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,” the statement explained.
(Excerpt) Read more at rsbnetwork.com ...
exactly
Thanks Buster, just signed up.
Wonder what the sign-up count is?
President Trump has been busy! And we're all going to be the beneficiary.
The media company intends to “create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,” the statement explained.>>>>>>>>>>>>>>>>>>>>>
Sounds fabtastic. President Trump is proclaimimg battle.
Lets buy some stock?
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NEW YORK — Nine months after being expelled from social media for his role in inciting ( sic) the Jan. 6 Capitol insurrection, former President Donald Trump said Wednesday he’s launching a new media company with its own social media platform.
Trump says his goal in launching the Trump Media & Technology Group and its “TRUTH Social” app is to create a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” he said in a statement. “This is unacceptable.”
In a release, the new venture announced it had been created through a merger with Digital World Acquisition Corp. DWAC, +49.58%, and said it seeks to become a publicly listed company.
DWA, based in Miami, is a special-purpose acquisition company, or SPAC. Such publicly traded companies are designed to list the shares of a private company more quickly than a traditional initial public offering. In practice, that means the SPAC acquires a private firm and then changes its name and other details to those of the acquired firm.
SPACs pay for their acquisitions with cash provided by investors who bought into the SPAC’s initial public offering.
Trump has spoken about launching his own social media site ever since he was barred from Twitter TWTR, -0.85% and Facebook FB, -0.11%. An earlier effort to launch a blog on his existing website was abandoned after the page drew dismal views.
In addition to the app, which is expected to soft-launch next month, with a nationwide rollout early next year, the company says it is planning a video-on-demand service dubbed TMTG+ that will feature entertainment programming, news and podcasts.
DWA said it has raised roughly $293 million in cash, which it will use to grow TMTG’s ventures. Among the company’s biggest shareholders are several institutional investors, including Lighthouse Investment Partners, D. E. Shaw & Co., and Radcliffe Capital Management, according to a filing with the Securities and Exchange Commission.
The deal has an initial enterprise value, a measure that takes into account a company’s total debts and assets, of $875 million, according to the release.
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Thanks
Just bought 100 shares of DWAC, the company trump is merging with.
Total cost: $1495
In for a ride on the Trump train to support 45!!
No, but Twitter, for example, goes much further offering notice and an appeals process, so it seems a stretch for the Trump alternative to claim that they are more supportive of free speech.
DWAC currently up 7.88 or up 77.42%
https://www.msn.com/en-us/money/stockdetails/nas-dwac/fi-a1rfec?duration=1D
Up 83% today!
If there is a list, you’re already on it.
Try 200%+
But — a note of caution — expect volatility as this thing “breaks in”; could bounce around or it could just flat roar. Too early to say, but I like it so far; THAT’S for sure!
Probably on some list somewhere. But here and on other commenting platforms I’ve been using a blog name (Jonah Kyle) and an email address tied to that name on a non-public VPN service for years, so the Deep State has to go through a few more hoops than most other people, so I’m kind of like the guy running away from the lion. I don’t have to be faster than the lion; I just have to be faster than the people who don’t have VPN’s, purpose-based email addresses and nom de plumes.
Thanks for the chatter last evening.
Got DWAC early this morning at $12.74
Good call.
Looks like it may violate the TOS of the software they’re using.
Hopefully the next google/amazon/farcebook! lol
Bought 200 shares at the open!!! Wish I would have bought much much more. Darnit
same price. I’m shocked by how much it’s gone up. But holding because I won’t to be part of this.
How will they stop avowed socialist techies from infiltrating and spoiling anything good?
I don’t know these things since leftist organizations began
using the excuse of “algorithms” to halt freedom. Clearly,
a background investigation won’t suffice for new hires.
A Twitter employee posted about 3 years ago that it’s not so much how
you behave presently but rather what your algorithms tell
them about how you’ll behave in the future.
Example: Say I didn’t go to the Jan 6 rally but I wanted to. The future behavior speaks. I would be a risk….and at risk.
I’m feelin’ ya. Just DID not have the cash to buy as much as I’d have liked. My order went in last night, and I managed to get in at $12.74 about first thing this morning.
Look...I’m politically active on FB, Twitter, and several other platforms. In for a penny, in for a pound.
I have nothing, and have nothing to hide. BTW, my hubby just bought some of the stock. It seems to be doing well, so far.
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