Trump announces new social media network called 'TRUTH Social'

Discussion in 'Current Events' started by Durandal, Oct 20, 2021.

  1. US Conservative

    US Conservative Well-Known Member Past Donor

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    Its coming AJ.

    You can't stop it.
     
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  2. cristiansoldier

    cristiansoldier Well-Known Member

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    For those that are considering investing in this company I would highly recommend you do your research first. I only did a quick 10 minute check of the company but keep in mind Digital World Acquisition Corp is a SPAC, (Special Purpose Acquisition Company), and not a standard IPO. If you do not know what that is start by googling. I only have a basic knowledge of SPACs because I work in the industry but I am still on the technology side and not a financial advisor and only come across them vaguely in meetings and building systems. SPACs have been around for years but in the past there was some fraud associated with some of them. I think the SEC imposed stronger regulations on them but I am not familiar with the details. The key difference between a SPAC and a standard IPO is you are investing in a non existing company. There is NO company running a business. You do not even know which company they are going to acquire. Normally what you are investing in the the skills of the management team. For DWAC the CFO is Luis Orleans-Braganza who is a Brazilian politician with very little tech knowledge. (Click on his name for a wiki link). He was part of ZAP TECH but I think all they did was create a digital wallet app. According to the article from the OP the chair of the company will be Donald Trump so you can judge his management skills and tech knowledge.

    I will not tell you not to invest in the company but do your research before you dump your hard earned savings into this venture. I think on average SPACs under performs on the market. Meaning normally SPACs are valued at around $10 per unit when they come out but the majority of the time they often lose money after the merger. There are also some SPACs that do extremely well.

    History tells us the sponsors like Luis Orleans-Braganza and Donald Trump will likely have tremendous returns. Regular investors often lose money.
     
    Last edited: Oct 21, 2021
  3. Andrew Jackson

    Andrew Jackson Well-Known Member

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    And...Big Deal....so What? :bored:..

    WHY would I want to?

    It will be great to witness yet another Trump FAILURE...

    The Delusional Comic Relief is destined to be Priceless...
    Bring it on....:flagus:
     
    Last edited: Oct 21, 2021
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  4. cristiansoldier

    cristiansoldier Well-Known Member

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    It is statements like this that make me skeptical.
    For starters Trump is a billionaire. Why is he trying to raise up to $300 million to fund this social media company? The assuming "no redemptions" comment is ridiculous. Most SPACs have about 80% redemption rates but that would still leave him with about $60-70 million to play with.
     
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  5. FreshAir

    FreshAir Well-Known Member Past Donor

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    lol

    "TRUTH Social"

    will he censor the big lie
     
    Last edited: Oct 21, 2021
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  6. Polydectes

    Polydectes Well-Known Member

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    Yeah all that hatful free speech that the Nazis did.
     
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  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    is a stupid name, that the best he could come up with?
     
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  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    read the EULA closely, probably a Trump NDA
     
    Last edited: Oct 21, 2021
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  9. US Conservative

    US Conservative Well-Known Member Past Donor

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    Lol at lefties saying Trump is trying to raise money as if he's Joe and Hunter or Bill and Hillary.

    Trump isn't setting this up to make money hes setting it up to get his message out and THAT is what terrifies the DNC and American Pravda MSM.
     
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  10. FreshAir

    FreshAir Well-Known Member Past Donor

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    do you think Trump will have the mods sign Trump NDA's
     
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  11. Surfer Joe

    Surfer Joe Well-Known Member Past Donor

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    Lol…how Orwellian of the orange dotard.
     
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  12. US Conservative

    US Conservative Well-Known Member Past Donor

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    Dat moment lefties think Orwell was critical of the Right.
     
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  13. cristiansoldier

    cristiansoldier Well-Known Member

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    I don't understand how you can say he is not trying to raise money. That is the very purpose of a SPAC. Even his webpage clearly states "Trump Media & Technology Group’s growth plans initially will be funded by DWAC’s cash in trust of $293 Million (assuming no redemptions)." Their expectation is to raise $293 million dollars although I think the assumption is dead wrong.
     
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  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    you really think Trump will allow free speech?
     
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  15. Polydectes

    Polydectes Well-Known Member

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    I think that's the only reason he would start a platform.

    He was kicked off of the one that doesn't allow it.
     
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  16. bigfella

    bigfella Well-Known Member

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    As they used to say in the USSR, there is no Pravda in Izvestia and there is no Izvestia in Pravda.

    For years now we have heard Trump supporters screaming about 'free speech', now we get to see what they mean by that. This isn't some random platform like Parler or Gab, this is being set up by their leader. This is being set up by the past and presumptive President of the US. Now we get to see the Trumper definition of 'free speech.

    My bet is that it will make most social media look like a libertarian paradise, with very little room for opposing ideas. I am also betting that Trump supporters will LOVE this and defend it to the hilt. Trumpers don't view ideas like 'free speech' and 'democracy' as ideal to uphold, but see them in a purely transactional way - a means to get what they want. Trump's new Pravda will illustrate this once again.
     
    Last edited: Oct 21, 2021
  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump only cares about Trump... no one else unless they are worshiping him, but that can turn on a dime
     
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  18. FreshAir

    FreshAir Well-Known Member Past Donor

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    I am interested to see what the rights idea of free speech is
     
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  19. Polydectes

    Polydectes Well-Known Member

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    I'm not sure what that nonsense has to do with anything but okay.
     
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  20. Bowerbird

    Bowerbird Well-Known Member

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    We have seen it here

    if it is something that will “own the left” then there are no rules or boundaries but if is something that THEY do not like it should be removed and erased
     
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  21. bx4

    bx4 Well-Known Member

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    We’ll see if it actually launches.

    His primary goal is to fleece his flock some more. Get them to invest and he takes their investment to pay off his debt that is coming due soon.

    He doesn’t care if the platform actually launches. The only thing he cares about is getting his supporters to hand over money to him.
     
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  22. Sallyally

    Sallyally Well-Known Member Donor

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    Haha.
     
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  23. Surfer Joe

    Surfer Joe Well-Known Member Past Donor

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    Anything other than abject obeisance to the orange dotard is not allowed and will get you cancelled.
     
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  24. Andrew Jackson

    Andrew Jackson Well-Known Member

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    "Terrifies"?:roflol:
    WRONG.
    Not even close...:bored:
     
    Last edited: Oct 21, 2021
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  25. Arkanis

    Arkanis Well-Known Member

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    I know you believe that.

    You probably also believe that Trump University existed to help young entrepreneurs.

    And that his charitable foundation - forcibly shut down by the courts on tax evasion charges - was a way for Trump to help people in need.

    So it's natural for you to believe that Trump only wants to defend our freedom and the Constitution by opening TRUTH Social.
     

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