Keyword: truthsocial
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Former president and current frontrunner for the GOP presidential nomination Donald Trump endorsed embattled republican Colorado Rep. Lauren Boebert Saturday despite her controversial history and the recent news that her son has been arrested and was accused of taking part in a series of car break-ins and credit card thefts in his mother's home state. Trump was not swayed by her domestic issues and wholeheartedly announced his support for the congresswoman in a Saturday Truth Social post: “She has led the fight to Impeach Joe Biden, Stop Illegal Immigration, Defend the Second Amendment, Protect our Wonderful Ranchers and Farmers, Support...
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The United States Securities and Exchange Commission (SEC) has approved a merger of former President Donald Trump's social media platform, Truth Social, with Digital World Acquisition Corporation (DWAC), which is a Special Purpose Acquisition Company (SPAC). There were two years of delay leading up to the deal because of an investigation into the company by regulators. Now the SEC has approved the merger of approximately $10 billion after the long wait on Wall Street, according to reporting from OANN. The Trump Media & Technology Group, which owned both companies, intends to take Truth Social public in an initial public offering...
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Tesla CEO Elon Musk criticized hormonal birth control and was met with stories from women about their personal experiences on the pill. "Hormonal birth control makes you fat, doubles risk of depression & triples risk of suicide. This is the clear scientific consensus, but very few people seem to know it," Musk wrote Friday on X, formerly Twitter, citing a 2017 news article from Time about studies on hormonal birth control. The Time article discussed how an American Journal of Psychiatry study indicated women who take hormonal contraceptives have a three times higher risk of suicide than those who never...
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Digital World Acquisition Corp. (DWAC), the bank-check company planning to merger with former President Donald Trump's nascent media company, said Monday that its directors have been subpoenaed by a Federal Grand Jury. DWAC, which is also being investigated by the U.S. Securities and Exchange Commission with respect to its plans to merge with the former President's Trump Media & Technology Group, said the subpoenas were related to the SEC probe and issued by a panel sitting in the Southern District of New York. Digital World said late last year that it is co-operating with the investigation, which also included the...
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Summary * Trump Media & Technology Group's paid subscription offer, TMTG+, offers massive upside. * $1.0B PIPE deal shows strong demand for a rival social network. * If Trump Media & Technology Group gets the same valuation as Twitter or Meta Platforms, based on sales, Digital World Acquisition Corp.'s market cap could rise by a factor of 3X. Blank check company Digital World Acquisition Corp. (DWAC) is merging with Trump Media & Technology Group. The announcement initially created a frenzy for shares of Digital World Acquisition Corp. but shares have started to surge again. TRUTH Social could become a major...
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PALM BEACH, Fla., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (‘TMTG’) today announced that Congressman Devin G. Nunes has been selected to join the Company as Chief Executive Officer. Mr. Nunes is currently a sitting U.S. House Representative, representing California’s 22nd congressional district, and formerly the Chair of the House Intelligence Committee. Mr. Nunes will be leaving the U.S. House of Representatives and will begin his new role as Chief Executive Officer of TMTG in January 2022.
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"Moving to Longboat Key is a win-win for Rumble and the Sarasota community," Rumble CEO Chris Pavlovski said in the press release. "Sarasota County is growing rapidly, and we are excited to be part of the growth. We plan to fill 20-25 new positions in Florida immediately for our U.S. headquarters, with many more planned for the future. This move positions us to continue providing a platform to content creators without the threats from big tech monopolies. We are excited to invest in Florida in the coming years while we continue to grow Rumble.”
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The 45th President of the United States, Donald J. Trump, joined The Post Millennial's Ari Hoffman for an exclusive interview.
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Former President Trump announced on Thursday that a newly formed company, TMTG or Trump Media & Technology Group, would merge with Digital World Acquisition Corporation. Digital World is a SPAC or Special Purpose Acquisition Company that was formed in September and whose stock price had essentially been trading around $10 before the TMTG announcement. On Thursday the stock rose to $52 before closing at $45.50 and on Friday it hit a high of $175 and closed at $94.20. Digital World (symbol DWAC) raised $299 million on September 8 when it sold 29.9 million shares at $10 each. It appears from...
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Phunware stock (NASDAQ:PHUN) was defying all conventions Friday as it rose 1,468% on speculation that the company is being tapped to build former U.S. President Donald Trump’s proposed social media platform. Trading in the stock was halted later. It jumped 1,000% after it resumed. The stock touched a high of $24.04 during the session. It had closed at $1.53 Thursday. More than 197 million shares of the company changed hands on Nasdaq in less than an hour of trading. The speculation has its roots in a USA Today article from May 2020 highlighting a partnership between Phunware and the Trump...
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1. Twitter already exists. 2. The conservative social space is crowded (and not doing well) 3. Donald Trump isn't president anymore.
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Social media users reacted on Tuesday to a report that Facebook plans to rename its parent company as early as next week. The company wants to move beyond social media into the metaverse, described as a virtual world achieved through virtual reality, a source told The Verge. "Dear Facebook: We've received your request to change your name," Axios reporter Ina Fried quipped on Twitter. "However, due to our real names policy, you will first need to fax us a copy of your court order and new driver's license...." "Change it to something obvious like ‘Open Book’ because it's stealing all...
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President Donald J. Trump, the Chairman of TMTG, stated, “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand...
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Updated Oct 21, 2021, 04:05pm EDT TOPLINE The share price of a special purpose acquisition company (SPAC) that plans to merge with a media group connected to former President Donald Trump quintupled at times on Thursday, following an announcement late Wednesday night that Trump planned to launch a new social media company.
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Digital World Acquisition Corp., the SPAC that is taking former President Donald Trump’s planned social media platform public, soared Friday following a massive rally in the previous session. Trading in the stock was halted due to volatility shortly after the opening bell Friday as shares surged for a second straight day. The SPAC, which trades under the ticker DWAC on the Nasdaq, skyrocketed nearly 190% before the trading halt. The stock surged more than 350% to close Thursday at $35.54 in explosive trading volume and volatility.
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Digital World Acquisition Corp., the SPAC that is taking former President Trump's planned social media platform public, soared again on Friday following a massive rally in the previous session. The SPAC, which trades under the ticker DWAC on the Nasdaq, jumped more than 100% in premarket trading on Friday. The ticker was among the most popular mentions on Reddit's WallStreetBets, which indicated that DWAC could be having a meme stock moment like GameStop and AMC. The social media app will be developed by Trump Media and Technology Group (TMTG).© Provided by CNBC The social media app will be developed by...
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Digital World Acquisition shares jumped as much as 94% in premarket trading Friday, as investors piled into the special-purpose acquisition company set to take former US President Donald Trump's media startup public. DWAC stock already skyrocketed 357% on Thursday after the SPAC announced it was acquiring Trump Media & Technology Group. The shares closed at $45.50, valuing the vehicle at about $1.5 billion - not far off the prospective $1.7 billion valuation for TMTG highlighted in the press release about the deal. Trump has pitched his startup as a "rival to the liberal media consortium" and an effort to fight...
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Former U.S. President Donald Trump’s plan to create a new social media app after Twitter Inc and Facebook Inc barred him from their platforms this year won an endorsement from investors on Thursday who sent shares in a shell company backing the effort soaring. Trump Media and Technology Group and Digital World Acquisition Corp, a Special Purpose Acquisition Vehicle, said on Wednesday https://www.reuters.com/world/us/former-us-president-donald-trump-launches-new-social-media-platform-2021-10-21 they would merge to create a new social media app called TRUTH Social. Trump’s company said it plans a beta launch next month and a full roll-out in the first quarter of 2022. Shares of Miami-based Digital...
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Shares of Digital World Acquisition Corp (DWAC) rose 80% on Thursday after the publicly listed shell company said it would merge with a business owned by former U.S. President Donald Trump to create a new social media app called TRUTH Social. The social network, formed by the deal with the Trump Media and Technology Group, said on Wednesday it plans a beta launch next month and full roll-out in the first quarter of 2022. Shares of Miami-based Digital World were up 80% to $17.83 on Thursday morning. In a press release, Trump said TRUTH Social would be launched after Twitter...
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Shares of the special-purpose acquisition company that has agreed to buy Donald Trump’s media company shot up to a six-month high in active trading Tuesday, as the former president cleared his first hurdle to becoming the 2024 Republican nominee. Digital World Acquisition Co.’s stock DWAC, +23.56% rallied 18.5% in afternoon trading. It was headed for the biggest one-day gain since it soared 50.3% on July 21, 2023, after the SPAC settled fraud charges. Trading volume ballooned to 4.1 million shares, compared with the full-day average over the past 30 days of about 161,250 shares.
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