Donald Trump launching new social media platform, TRUTH Social

[left-of-center2012]

(Didn't he try this before, and it went nowhere?)

Silenced by many major platforms, former President Donald Trump is launching his own social media app. Trump Media and Technology Group and Digital World Acquisition Group, which is already listed on the Nasdaq, have entered into a merger to form a new company, chaired by the former president, according to a press release.

Trump says the group will form "a rival to the liberal media consortium." Its first step will be launching a new social media platform called TRUTH Social. A beta version will be available to invited guests in November.

The former president and his advisers have hinted since he left office that he was considering creating a rival platform to Facebook and Twitter, after the social media giants suspended his accounts following the Jan. 6 attack on the Capitol. It's currently unclear who is behind the launching of Trump's new platform.

"We live in a world where the Taliban has a huge presence on Twitter,
yet your favorite American President has been silenced" Trump said in the statement.

https://abcnews.go.com/Politics/donald-trump-launching-social-media-platform-truth-social/story?id=80697031

“Your favorite President”

[viva la]

1. Hackers! Here's your chance!

Gettr was hacked the very first day.

I'm sure Trump's site will be no more secure. He'll probably put Brad Parscale in charge.

[Skittles]

9. first hack: change TRUTH to TRUTHINESS

[jmowreader]

28. You're just not thinking

It should be fairly easy to write a short script to insert at the top of his homepage code...that redirects any visitor to Trump's website to one of a selection of anti-Trump sites.

[Skittles]

31. as it turned out

this will have to do

https://pbs.twimg.com/media/FCMQWjxXIAQPLNx?format=png&name=900x900

[joetheman]

2. The face of a defeated idiot!

Can't wait until his new platform is hacked!

[Me.]

3. Is He Charging?

[Captain Zero]

5. Can we fuck with the stock?

If it's. Going to be publicly traded, seems like we could have some fun with that.

[Me.]

13. "headquarters in Wuhan, China"

what we know about anything tfg is connected with...it's usually incompetently done. And, so many people in the world are gunning for him. Finally a social platform devoted to kissing his....ego. That's a real lure...

[Demovictory9]

18. I heard there is a $49 charge

[Me.]

22. There You Go

it wouldn't be him if he wasn't grifting

[gratuitous]

26. How many of his marks still have $49 to throw Poor Donny's way?

I guess we'll find out.

[RKP5637]

4. He' such a grotesque person! n/t

[malaise]

6. He has failed at everything

This will be no different - will this fucker ever shut up?

[RockRaven]

7. How long before it gets hacked like Parler and all the user info is compromised?

One week? Two?

[Volaris]

10. You're being generous. If they're (essentially) gonna live-test the beta,

Ya itll take about 3 days prolly lol.

[Skittles]

8. that fucking phony smile of his

amazing how his anus mouth makes a line that long

[Volaris]

11. That's what an asshole looks like when its surrounded by that much fat

[roamer65]

12. Bet it's funded with Russian mob money.

[keithbvadu2]

14. Rubles through the NRA.

[3catwoman3]

15. Every day of his time in the Oval Office, I woke up...

…every morning hoping to hear that he had died during the night.

That has not changed.

[cbabe]

16. Publically traded company. Fraud alert?

[Initech]

17. Oh yeah? Well I'll start my own social media platform! With blackjack! And hookers!

[LetMyPeopleVote]

19. SPACs are special purpose acquisition corporations and this deal is strange

Special Purpose Acquisition Corporations were the rage last year. According to my son, they are loss leaders for the SEC public offering work but the biglaw firms are working on these deals on discount to get the acquisition work. SPACs are blank check companies with no assets and so are easy to get through the SEC review process because there are no financials or description of business. There were some recent changes to the accounting rules that evidently caused the number of SPAC offerings to drop in the second half of 2021.
TFG is merging a yet to be formed company with a brand new SPAC

Link to tweet

This is a SPAC with chinese executives

Link to tweet

Link to tweet

This is interesting

Link to tweet

TFG will cause this entity to fail

Link to tweet

The merger agreement and the form 8-k for this transaction has not been filed with the SEC and is not EDGAR. Normally one cannot announce a deal like this without a Form 8-k filing being released at the same time

[Bristlecone]

20. Another con for the rubes.

This will turn to shit like everything else he touches. He just wants to mine the idiots’ personal data and sell it off. Without all the bots though, there’s really not a whole lot of value in his actual followers’ demographic.

[UTUSN]

21. Bwah!1 - not "truth" & not "social"!

[Ilsa]

23. Wow! Imagine the creative writing that can be posted there!

I wouldn't be surprised if someone could convince a bunch of them to commit suicide.

[librechik]

24. hilarious.

[MurrayDelph]

25. If he had used his hacker's language

he would have called it Pravda.

[LetMyPeopleVote]

27. Pranksters have already defaced Trump's new social network

A public company is investing in this piece of crap. There will be some fun litigation

Link to tweet

Former president Donald Trump and his team declared Wednesday night that they would soon launch a “media powerhouse” that would help them triumph in their long-running war against Big Tech. But within hours, pranksters found what appeared to be an unreleased test version and posted a picture of a defecating pig to the “donaldjtrump” account.

The site has since been pulled offline — evidence that Trump is likely to face a daunting challenge in building an Internet business that can stand on its own.

Banned by all major social networks after his supporters stormed the U.S. Capitol on Jan. 6, Trump has for months agitated to regain the online megaphone that once blasted his voice around the world. In a presentation released Wednesday by his new media company, Trump Media & Technology Group, his team hailed the new social network as the first tentpole for a Trump-led media, news and Internet empire that would one day compete with Disney, CNN and Facebook.

But the site’s early hours revealed lax security, rehashed features and a flurry of bizarre design decisions. An open sign-up page allowed anyone to use the site shortly after it was revealed, sparking the creation of the “donaldjtrump” account and the pig posting. A Washington Post reporter was able to register and post under the account name “mikepence” without any stops in place. New sign-ups were blocked shortly after.

[jmowreader]

29. This looks like it'll be as big a success as Trump Vodka

Because as we all know, being a teetotaler with rich friends is the perfect qualification for running a liquor company.

The thing that stands out is the Wuhan connection. Last I checked, Trump has a serious case of the ass over Wuhan.

What I figure is going to happen: Trump will go live with this site on...oh, let's throw out a number and say January 6, 2022. Within three weeks, the place will be crawling with white supremacists, misogynists and violent incels - his entire base. On February 1, Apple will remove his app from the App Store because Apple doesn't support giving white supremacists a platform for their hate. Trump will hire the only lawyers who will still do business with him and sue Apple for suppressing his First Amendment rights. Naturally, Apple will send their finest corporate lawyer to the deposition, carrying a copy of their Terms of Service. Two weeks after that, he'll get kicked off his rented server because they don't play that way either. Trump will then purchase his own server and hire Jim and John Robinson of Free Republic to run it. The press will announce that Mr. Trump, who will let nothing stand in the way of his views getting to the public, has done this.

And thirty seconds later, one Hillary Rodham Clinton will send a short tweet: "What's this about servers, Donald?"

Three weeks later, his server will be on Tor.

[LetMyPeopleVote]

30. TFG's New Social Media Site Plans to Raise Money With Shell Company Scheme

SPACs are interesting animals where the investors form an acquisition company to buy an existing company or operations and in effect take such operations public without doing an IPO. According to a friend at a big frim, SPACs are sort of loss leaders for SEC corporate types because you are not filing financial statements and the other disclosures about the company/operating going public. Normally a SPAC acquires an operating company with revenues and assets. This SPAC is acquiring a start up operation that does not have a working website and no revenues or operations at a value that "something that surely wasn’t pulled out of the former president’s ass." TFG took the public company that owned his casinos into bankruptcy while taking out large bonuses for himself. This deal smells

Link to tweet

Former President Donald Trump, a white supremacist who barely knows how to use a computer, announced late Wednesday that he plans to launch a new social media platform next year called Truth Social, with beta testing opening up to select users in November. And while the site was almost immediately infiltrated by pranksters mere hours after the announcement—long before people were supposed to be allowed to even create accounts—that’s not the most interesting part of the story.

No, the most interesting thing about Trump’s planned social media platform is how it’s going to be used to make money. Because wherever Donald Trump goes, extremely shady business practices always follow. And it’s going to be very interesting watching MAGA investors almost certainly get fleeced by Trump’s new business endeavor, which is looking to go public through a special purpose acquisition company, or SPAC.

The business that’s launching Truth Social is called the Trump Media and Technology Group (TMTG), which has a business address listed as Mar-a-Lago but isn’t registered yet with the state of Florida, as far as Gizmodo can tell. TMTG is valued at $1.7 billion according to a very real figure tweeted by spokesperson Liz Harrington—something that surely wasn’t pulled out of the former president’s ass.

TMTG will be merging with a shell company called Digital World Acquisition Corp. for the sole purpose of getting listed on a stock exchange, according to the Wall Street Journal. That way, Trump Media and Technology Group gets to go public by piggybacking on a different company and Trump’s “media and technology” company gets to avoid a ton of regulatory hurdles that exist to keep companies somewhat transparent under the theory that investors are less likely to get screwed.

......Normally, we’d be extremely wary of shady SPAC deals with unproven companies, but this is a special situation. Anyone who invests in Trump or his shell company know exactly what they’re getting into. If you support former President Trump, we encourage you to dump all your money into Trump Media and Technology Group. You’ll get everything you deserve.

Link to tweet