Free Republic

1. Twitter already exists. 2. The conservative social space is crowded (and not doing well) 3. Donald Trump isn't president anymore.

Former President Trump announced on Thursday that a newly formed company, TMTG or Trump Media & Technology Group, would merge with Digital World Acquisition Corporation. Digital World is a SPAC or Special Purpose Acquisition Company that was formed in September and whose stock price had essentially been trading around $10 before the TMTG announcement. On Thursday the stock rose to $52 before closing at $45.50 and on Friday it hit a high of $175 and closed at $94.20. Digital World (symbol DWAC) raised $299 million on September 8 when it sold 29.9 million shares at $10 each. It appears from...

Phunware stock (NASDAQ:PHUN) was defying all conventions Friday as it rose 1,468% on speculation that the company is being tapped to build former U.S. President Donald Trump’s proposed social media platform. Trading in the stock was halted later. It jumped 1,000% after it resumed. The stock touched a high of $24.04 during the session. It had closed at $1.53 Thursday. More than 197 million shares of the company changed hands on Nasdaq in less than an hour of trading. The speculation has its roots in a USA Today article from May 2020 highlighting a partnership between Phunware and the Trump...

Social media users reacted on Tuesday to a report that Facebook plans to rename its parent company as early as next week. The company wants to move beyond social media into the metaverse, described as a virtual world achieved through virtual reality, a source told The Verge. "Dear Facebook: We've received your request to change your name," Axios reporter Ina Fried quipped on Twitter. "However, due to our real names policy, you will first need to fax us a copy of your court order and new driver's license...." "Change it to something obvious like ‘Open Book’ because it's stealing all...

President Donald J. Trump, the Chairman of TMTG, stated, “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand...

President Donald J. Trump, the Chairman of TMTG, stated, “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone...

Former President Donald Trump said he will launch his own social media network called TRUTH Social in early 2022. The new Trump Media & Technology Group said it will create a rival social network to the current '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.' Trump, who will serve as TMTG's chairman, said, 'I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter,...

Updated Oct 21, 2021, 04:05pm EDT TOPLINE The share price of a special purpose acquisition company (SPAC) that plans to merge with a media group connected to former President Donald Trump quintupled at times on Thursday, following an announcement late Wednesday night that Trump planned to launch a new social media company.

Digital World Acquisition Corp., the SPAC that is taking former President Donald Trump’s planned social media platform public, soared Friday following a massive rally in the previous session. Trading in the stock was halted due to volatility shortly after the opening bell Friday as shares surged for a second straight day. The SPAC, which trades under the ticker DWAC on the Nasdaq, skyrocketed nearly 190% before the trading halt. The stock surged more than 350% to close Thursday at $35.54 in explosive trading volume and volatility.

Digital World Acquisition Corp., the SPAC that is taking former President Trump's planned social media platform public, soared again on Friday following a massive rally in the previous session. The SPAC, which trades under the ticker DWAC on the Nasdaq, jumped more than 100% in premarket trading on Friday. The ticker was among the most popular mentions on Reddit's WallStreetBets, which indicated that DWAC could be having a meme stock moment like GameStop and AMC. The social media app will be developed by Trump Media and Technology Group (TMTG).© Provided by CNBC The social media app will be developed by...

Digital World Acquisition shares jumped as much as 94% in premarket trading Friday, as investors piled into the special-purpose acquisition company set to take former US President Donald Trump's media startup public. DWAC stock already skyrocketed 357% on Thursday after the SPAC announced it was acquiring Trump Media & Technology Group. The shares closed at $45.50, valuing the vehicle at about $1.5 billion - not far off the prospective $1.7 billion valuation for TMTG highlighted in the press release about the deal. Trump has pitched his startup as a "rival to the liberal media consortium" and an effort to fight...

Investors on Thursday piled into shares of the special-purpose acquisition company taking former President Donald Trump’s new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year. Shares of Digital World Acquisition Corp. more than quadrupled to $45.50 in the first trading session following the deal announcement. Trump Media & Technology Group said late Wednesday it would combine with the SPAC and soon launch a new social network called Truth Social. The deal values the Trump media company at about $875 million, including debt. The unveiling of the new company comes after Mr. Trump’s...

Former U.S. President Donald Trump’s plan to create a new social media app after Twitter Inc and Facebook Inc barred him from their platforms this year won an endorsement from investors on Thursday who sent shares in a shell company backing the effort soaring. Trump Media and Technology Group and Digital World Acquisition Corp, a Special Purpose Acquisition Vehicle, said on Wednesday https://www.reuters.com/world/us/former-us-president-donald-trump-launches-new-social-media-platform-2021-10-21 they would merge to create a new social media app called TRUTH Social. Trump’s company said it plans a beta launch next month and a full roll-out in the first quarter of 2022. Shares of Miami-based Digital...

Shares of Digital World Acquisition Corp (DWAC) rose 80% on Thursday after the publicly listed shell company said it would merge with a business owned by former U.S. President Donald Trump to create a new social media app called TRUTH Social. The social network, formed by the deal with the Trump Media and Technology Group, said on Wednesday it plans a beta launch next month and full roll-out in the first quarter of 2022. Shares of Miami-based Digital World were up 80% to $17.83 on Thursday morning. In a press release, Trump said TRUTH Social would be launched after Twitter...

New York Stock Exchange-listed shares of Digital World Acquisition Corp. — the special purpose acquisition company that announced Wednesday evening it will merge with former President Donald Trump’s new social media firm — soared more than 200 percent Thursday. DWAC’s stock price began trading Thursday at $12.73 per share and reached as high as $33.44, up more than 200 percent, by 1:00 p.m. ET. Shares of the company were halted for volatility at noon, with the stock up more than 134 percent. Shares were last seen trading at $31.55, up more than 210 percent. Trump’s newly formed company, Trump Media...

KEY POINTS The stock price of SPAC company Digital World Acquisition Corp. rocketed up more than 100% in trading after news of a merger that would launch former President Donald Trump's planned social media platform. Trump said he would roll out the platform called "TRUTH Social," which he claimed will "stand up to the tyranny of Big Tech." DWAC was incorporated as a special purpose acquisition company shortly after Trump lost a re-election bid against President Joe Biden. DWAC was among the top 10 most popular names on Reddit's WallStreetBets chatroom, even exceeding meme stock GameStop's mentions. The stock price...

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,”...

Christopher Steele should print up calling cards embossed with the words, "Liar For Hire." He could do splashy commercials bragging that Hillary Clinton is a happily satisfied customer. The former British spy pocketed buckets of money from the Clinton campaign and the Democratic National Committee (not to mention cash from the FBI courtesy of you, the American taxpayer) by conjuring up a phony dossier that was used to smear Donald Trump during the 2016 presidential election and trigger an FBI investigation that badly damaged his presidency. When you think about it, it was one helluva grift. Until it was exposed....

BREAKING: New Questions about U.S. Capitol Police Shooting of Unarmed Ashli Babbitt DHS Ends Worksite Enforcement to Protect ‘Noncitizen Victims’ from Deportation Targeting Trump: Durham Uncovers New Clinton, FBI Connections in Russia Probe BREAKING: New Questions about U.S. Capitol Police Shooting of Unarmed Ashli Babbitt Previously secret records we have obtained show there was no good reason to shoot and kill Ashli Babbitt in the U.S. Capitol on January 6. The Biden-Garland Justice Department and the Pelosi Congress have much to answer for over the mishandling and cover-up of this scandalous killing of an American citizen by the U.S....

President Trump released a statement this morning revealing that new information from public record requests in Arizona has been discovered. This “damning and determinative” information will be discussed by President Trump today. Trump: New information found from public records, documents, and votes in Arizona. It is damning and determinative! Will be discussing this today. NEW! "New information found from public records, documents, and votes in Arizona. It is damning and determinative! Will be discussing this today." – President Donald J. Trump pic.twitter.com/uW6lqr1EjO — Liz Harrington (@realLizUSA) October 15, 2021 The Gateway Pundit will have more on this story as it...