Rachel Maddow reviews the series of Donald Trump's embarrassing failures at creating his own internet properties in the wake of his excommunication from social media, and reports on the latest venture, replete with typical Trumpian gaffes but also set up as a vehicle for his supporters to give him money.
What we’ve been waiting on is finally here. President Trump just announced a new media and technology group called “Trump Media & Technology Group” and they are launching a new social media alternative called “TRUTH Social” to fight against the tyranny of Big Tech:
The former president said his social media platform would be publicly traded following a merger between the newly formed Trump Media & Technology Group and DWAC. Dubbed "Truth Social," the platform is set to debut a beta version in November and roll out nationwide during the first quarter of 2022.
Once the merger is complete, Trump Media & Technology Group will have an initial enterprise value of $875 million. Trump’s personal stake in the company was not immediately clear.
Inquiries by FOX Business to TMTG and Digital World Acquisition Corp. were not immediately returned.
Trump was banned from prominent platforms such as Facebook, Twitter and YouTube following the Jan. 6 Capitol riot. The companies argued the former president had violated their policies against inciting violence.
Trump said he started his social media initiative 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," Trump said in a statement. "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 up to Big Tech? Well, we will be soon!"
SPACs, or special purpose acquisition companies, have gained popularity in recent months as a method to quickly take a company public without a traditional initial public offering. SPACs are formed to identify acquisition targets that align with their interests.
DWAC's trading volume is the largest for a SPAC merger announcement on record based on available announcement data from SPAC Research, per Dow Jones Market Data Group.
"Digital World was formed to create public shareholder value and we believe that TMTG is one of the most promising business combination partners to fulfill that purpose," DWAC Chairman and CEO Patrick F. Orlando said in a statement. Orlando is a former executive at Deutsche Bank.
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NBC News correspondent Yamiche Alcindor worried Democrats would have a difficult time making Americans "care" and pay attention to the January 6 hearings, amid high gas prices, inflation, and a baby formula shortage. Appearing in a MSNBC panel Monday, Alcindor told host Andrea Mitchell that the "biggest challenge" the January 6 House Select Committee faced was getting Americans to have the same level of concern for their investigation. "I think the biggest challenge for lawmakers here as they talk about these sort of huge ideas of American democracy and sort of the experiment that we’re all living and benefiting from possibly being brought to his knees is whether or not they can make people care, Andrea," she said. Link 1 Link 2 Link 3 September 18 Post By Học Để Thi | Breaking News, Latest News and Videos Tranganhnam.xyz ...
Chris Cuomo and Don Lemon discuss President Donald Trump's comments about race after the 2019 Oscars. Be nice if Spike Lee could read his notes, or better yet not have to use notes at all, when doing his racist hit on your President, who has done more for African Americans (Criminal Justice Reform, Lowest Unemployment numbers in History, Tax Cuts,etc.) than almost any other Pres! — Donald J. Trump (@realDonaldTrump) February 25, 2019 The left loves to hate on Trump, calling him a racist and what not. I know Trump can be juvenile sometimes – certainly – but the racist and hateful name-calling is just what it is, garbage.
