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Trump Looks to Ditch His Own Social Media Site
The proposed merger between the Special Purpose Acquisition Company, Digitial Acquistion Corp. and Trump Media & Technology is being investigated by both the SEC and the DOJ. The merger would have given TFG a public company with $1.3 billion in cash. TFG is looking at going back to Twitter and Facebook because Truth Social is a joke. TFG has an agreement to post on Truth Social first and wait a time period before posting material on other social media sites. That agreement is due to expire in June.
Link to tweet
https://www.rollingstone.com/politics/politics-features/donald-trump-ditch-truth-social-for-twitter-facebook-1234665307/
IN THE MONTHS ahead of what’s likely to be a brutal Republican presidential primary, Donald Trump and his 2024 campaign are laying the groundwork for his big, bombastic return to major social media platforms. Such a return, though, would inevitably involve Trump screwing over one of his own companies — and he’s been telling confidants that he is prepared to do just that.
When Trump first founded Trump Media & Technology Group (TMTG), he agreed to a “social media exclusivity term” that required him to “first channel any and all social media communications” to his Truth Social account for six hours before posting the content to other platforms, according to SEC filings.
Since late last year, former President Trump has informed several people close to him that he doesn’t want to re-up the exclusivity agreement with his social media company, Truth Social, two sources familiar with the matter tell Rolling Stone. “There’s not going to be a need for that,” is how one of the sources recalls Trump describing his soon-to-expire contractual obligation.
The 18-month term of that requirement is up in June — right as the Republican primary is expected to begin heating up. After that, Trump’s exclusivity term would automatically renew for six month periods “unless notice is given.” In the event his exclusivity term expires, Trump would still be “required to post contemporaneously to Truth Social.”....
Regardless of what happens with his exclusivity term, Trump’s agreement with the company grants him greater freedom in campaigning for his upcoming 2024 run. His agreement exempts posts as long as the content “specifically relates to political messaging, political fundraising or get-out-the vote efforts,” according to the SEC filings.
The recent accounts of Trump’s growing restlessness with his own platform come at a time when the former president — once exiled from mainstream social media for instigating a deadly insurrection — could return to some of those platforms. Twitter, now owned by right-wing billionaire Elon Musk, reinstated Trump’s account in November, but Trump demurred and said he’d stay with Truth Social. The Trump campaign has also pressed Facebook to end the indefinite suspension of his account put in place after the Jan. 6, 2021 Capitol attack.
When Trump first founded Trump Media & Technology Group (TMTG), he agreed to a “social media exclusivity term” that required him to “first channel any and all social media communications” to his Truth Social account for six hours before posting the content to other platforms, according to SEC filings.
Since late last year, former President Trump has informed several people close to him that he doesn’t want to re-up the exclusivity agreement with his social media company, Truth Social, two sources familiar with the matter tell Rolling Stone. “There’s not going to be a need for that,” is how one of the sources recalls Trump describing his soon-to-expire contractual obligation.
The 18-month term of that requirement is up in June — right as the Republican primary is expected to begin heating up. After that, Trump’s exclusivity term would automatically renew for six month periods “unless notice is given.” In the event his exclusivity term expires, Trump would still be “required to post contemporaneously to Truth Social.”....
Regardless of what happens with his exclusivity term, Trump’s agreement with the company grants him greater freedom in campaigning for his upcoming 2024 run. His agreement exempts posts as long as the content “specifically relates to political messaging, political fundraising or get-out-the vote efforts,” according to the SEC filings.
The recent accounts of Trump’s growing restlessness with his own platform come at a time when the former president — once exiled from mainstream social media for instigating a deadly insurrection — could return to some of those platforms. Twitter, now owned by right-wing billionaire Elon Musk, reinstated Trump’s account in November, but Trump demurred and said he’d stay with Truth Social. The Trump campaign has also pressed Facebook to end the indefinite suspension of his account put in place after the Jan. 6, 2021 Capitol attack.
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