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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTFG's New Free Speech App Prohibits Users From Making Fun of It
Theres plenty to unpack following Wednesday nights announcement that former President Trump is launching a new media and technology group, one that includes a social media platform, Truth Social, promising open, free, and honest global conversation without discriminating against political ideology.
Trump has long railed against Big Tech censorship, particularly of himself as he pushed misinformation, hate speech, and violent rhetoric before Twitter banned him in January. I created TRUTH Social and TMTG to stand up against the tyranny of Big Tech, Trump wrote. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced.
The thing about all of this, though, is that when it comes to everyones favorite American President, truth is subjective, and free speech comes with more than a few caveats. So, too, is the case for Truth Social, the terms of service for which include a clause stating that users may not disparage, tarnish, or otherwise harm, in our opinion, us and/or the Site.
In other words, users cant make fun of or criticize Truth Social, and its up to Truth Social to determine what constitutes said disparagement.
https://www.yahoo.com/entertainment/trump-free-speech-app-prohibits-135603557.html
LetMyPeopleVote
(145,063 posts)A public company is investing in this piece of crap. There will be some fun litigation
Link to tweet
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 sites 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.
spanone
(135,815 posts)LetMyPeopleVote
(145,063 posts)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 wasnt pulled out of the former presidents 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
No, the most interesting thing about Trumps planned social media platform is how its going to be used to make money. Because wherever Donald Trump goes, extremely shady business practices always follow. And its going to be very interesting watching MAGA investors almost certainly get fleeced by Trumps new business endeavor, which is looking to go public through a special purpose acquisition company, or SPAC.
The business thats launching Truth Social is called the Trump Media and Technology Group (TMTG), which has a business address listed as Mar-a-Lago but isnt 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 Harringtonsomething that surely wasnt pulled out of the former presidents 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 Trumps 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, wed 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 theyre getting into. If you support former President Trump, we encourage you to dump all your money into Trump Media and Technology Group. Youll get everything you deserve.
Link to tweet
moose65
(3,166 posts)If there were no restrictions in place, the site would quickly devolve into a cesspool of hatred, vitriol, and spam. There is absolutely no way to have true, unfettered "free speech."
I can't see many liberals using such a site as Truth Social. The conservatives just want to argue and own the libs, so without the libs they would turn on each other. It might be fun to watch, but NOT to participate in!