quote:

The future of the former president's 10-month-old social media platform, Truth Social, is on uncertain ground as the app faces huge financial losses and is accused of shorting its vendors amid Donald Trump's continued legal controversies.

A planned merger between the Trump Media & Technology Group (TMTG), the business that created the Truth Social platform, and the special purpose acquisition company (SPAC) Digital World Acquisition Corp, has been postponed indefinitely as the Securities and Exchange Commission investigates the platform's business dealings.

In another filing, Digital World sought shareholder approval to delay the merger, set to take place Sept. 8, until next year, citing concerns over the former president's reputation potentially impacting business.

"If President Trump becomes less popular or there are further controversies that damage his credibility or the desire of people to use a platform associated with him, and from which he will derive financial benefit, TMTG's results of operations, as well as the outcome of the proposed Business combination, could be adversely affected," the filing read.

LINK

If Trump survives all the ongoing controversies and ends up getting a second term, he could exclusively be communicating to the country and the world through Truth Social. The upside could be huge. Yes, no, maybe?

This post was edited on 8/28/22 at 12:02 am

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Posted by Retrograde

Member since Jul 2014

2900 posts

Posted on 8/28/22 at 12:26 am to rickgrimes

Low allocation otm calls if you want to play that game. Maybe the warrants.

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Posted by ATLsuTiger

Johns Creek

Member since Aug 2009

5416 posts

Posted on 8/28/22 at 9:56 am to rickgrimes

Ehh I’d maybe buy some under $10 if it gets back there.

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Posted by Kjnstkmn

Vermilion Parish

Member since Aug 2020

10689 posts

Posted on 8/28/22 at 10:43 am to ATLsuTiger

High reward for sure, the Dems are scared to death of him / it and trying to kill it with hit pieces in the media like the one above and BS SEC investigations.

They haven’t had any luck trying to bring him down in other avenues and won’t be able to stop the Truth either.

https://www.tmtgcorp.com/company-overview

This post was edited on 8/28/22 at 10:44 am

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Posted by Auburn1968

NYC

Member since Mar 2019

19475 posts

Posted on 8/28/22 at 1:07 pm to rickgrimes

The platform is improving on my PC. It has a good line-up of big conservative names posting and it's an open forum with replies to the big name articles, blogs and pod casts.

Not long ago the platform wasn't available for PC's so it is still in its infancy. I think it will take off in due time.

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Posted by UltimaParadox

Huntsville

Member since Nov 2008

40852 posts

Posted on 8/28/22 at 5:39 pm to rickgrimes

Seems like a hype play only. Really no way to long term profits with nobody wanting to advertise on the platform. Large corps are not going to spend ad money on this platform, and people expect this type of service to be "free".

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Posted by DaTruth7

Member since Apr 2020

3811 posts

Posted on 8/29/22 at 9:37 am to rickgrimes

I still own some shares, but the Trumps don't even really pump the company. Very odd leadership at this company right now.

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Posted by el Gaucho

He/They

Member since Dec 2010

52972 posts

Posted on 8/29/22 at 12:27 pm to rickgrimes

Pretty sure stuff like this is just a psyop

When you sign up for stuff like this you put yourself on the fema camp database

We lost. Quit fighting back. Take your joestrogen and eat your bugs

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Posted by DaTruth7

Member since Apr 2020

3811 posts

Posted on 9/20/22 at 3:04 pm to DaTruth7

Only thing that got banged up worse than this today is TELL.

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Posted by DaTruth7

Member since Apr 2020

3811 posts