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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

Abandon reality, all ye who enter here. *Democracy*Under*Threat*
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#526

Post by Kendra »


CEO of floundering Truth Social, Devin Nunes: “Can you imagine where we would be had Trump not went out and created Truth Social? Maybe the most important creation in Trump’s career. It’s why I left Congress to go and do this.”
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#527

Post by raison de arizona »

That’s the saddest thing I’ve ever heard. :violin:
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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#528

Post by RTH10260 »

He left Congress to do this? A serious case of mad cow desease :twisted:
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#529

Post by Uninformed »

“Trump-tied SPAC delays vote after falling short on shareholder support”:
https://www.reuters.com/markets/us/trum ... 022-10-10/

“The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company postponed on Monday its shareholder vote to Nov. 3 after failing to garner enough support to win a 12-month extension.”
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#530

Post by keith »

Kendra wrote: Wed Oct 05, 2022 8:53 pm :snippity:
CEO of floundering Truth Social, Devin Nunes: “Can you imagine where we would be had Trump not went out and created Truth Social? Maybe the most important creation in Trump’s career. It’s why I left Congress to go and do this.”
OH Gawd, Kev. I know what you mean.

If the Trumpet hadn't created Pravda Social YOU would still be in Congress! What an awful situation that would be!
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#531

Post by Slim Cognito »

Maybe I’m misreading it but if your backers won’t vote in support of you bc of the merger investigation and criminal investigations, Shirley they’ll have a change of heart after those problems get worse?
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#532

Post by Volkonski »

“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
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#534

Post by MN-Skeptic »

This is a very long, interesting article. I haven't finished it yet, but it needs to be shared (the link is to a gift copy of the article) -

Co-founder of Trump’s media company details Truth Social’s bitter infighting
Will Wilkerson, then an executive at former president Donald Trump’s start-up Trump Media & Technology Group, was at a Fort Lauderdale, Fla., coffee shop with company co-founder Andy Litinsky last October when Trump called Litinsky with a question: Would he give up some of his shares to Trump’s wife, Melania?

Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company’s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.

Litinsky tried to brush it off, telling Trump “the gift would have meant a huge tax bill he couldn’t pay,” Wilkerson said in an interview. “Trump didn’t care. He said, ‘Do whatever you need to do.'”

Five months later, Litinsky, who’d first met Trump in 2004 as a contestant on the TV show “The Apprentice,” was abruptly removed from the company’s board. Wilkerson said he believes it was payback for his refusal to turn over a small fortune to the former president’s wife. Litinsky thought so, too, according to an email Wilkerson and his attorneys shared with The Washington Post and the Securities and Exchange Commission. In that email, Litinsky complained that Trump was “retaliating against me” by threatening to “'blow up the company’ if his demands are not met.”
Edited - Ninja'd, but I do have the link to a gift article above.
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#536

Post by New Turtle »

Sounds like they were sorta on track for a successful launch, then as soon as they had access to money, the trumps come in and wreck it.
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#537

Post by RTH10260 »

Interesting article. Some businessmen have the nose for a possible gold mine, then the T clan gets greedy and crashes the plans before they get even to a viable product. Reeks like small town mafiosi at work. The SPAC proposal seems now dead. The TMTG will be soon go along many former T companies, my estimate it will not see the end of 2023. What advertisers would want to invest in a base of 4 million potential customers (a number of them bots btw), the marketing profile likely more on the low end rwnj, not the big spending consumers.
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#538

Post by Kendra »

But...but...but...what will poor Devin do now?

Speculate please. :twisted:
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#539

Post by Kendra »


I wonder if Donald was hiding assets by giving the shares to Melania.
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#540

Post by Suranis »

After reading that, I have to admit the most amazing things are

They pitched X45 with him getting 90% of the company and he didn't have to put in any of his own money. Leaving them to share out the remaining 10% between themselves.

And, after getting that, X45 started ringing around telling those guys to give some of their 10% of the company to Melania??? Rather than he giving some of his own 90%? And X45 didn't give a shit when told that would mean that the other would pay a tax bill he couldn't afford.

Why the foch didn't they run for the hills right there?? Its like what Cohen says, he seems to Dazzle some people with his brilliance, and they simply cant see X45 for what he is.
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#541

Post by Suranis »

Kendra wrote: Sat Oct 15, 2022 8:55 pm
I wonder if Donald was hiding assets by giving the shares to Melania.
IMO, if that was the case he would have given some of his own 90% to Melania. He was instead asking for parts of everyone elses assets - part of the 10% everyone else had shared out.
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#542

Post by RTH10260 »

Kendra wrote: Sat Oct 15, 2022 8:49 pm But...but...but...what will poor Devin do now?

Speculate please. :twisted:
Return to herding cats cows :?:

;)
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#543

Post by Suranis »

Probably run for congress again. He's arrogance cashes checks his ability cant cash.

Either that or be persuaded to run some other Trump scam. He is a total Trump loyalist and a reliable yes man for X45.
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#544

Post by humblescribe »

Suranis wrote: Sat Oct 15, 2022 10:22 pm Probably run for congress again. He's arrogance cashes checks his ability cant cash.

Either that or be persuaded to run some other Trump scam. He is a total Trump loyalist and a reliable yes man for X45.
California has about six solid red House seats (off the top of my head.) If McCarthy left his seat for higher aspirations, Nunes would be a shoo-in replacement. (Bakersfield is just south of his stomping grounds of Tulare County.) Similarly in the NE part of the state, if LaMalfa moved on, Nunes could get his seat. It's unclear whether he would be welcome in the eastern desert areas like Palm Springs/Imperial County. I highly doubt he would win over the conservatives in Orange County, either. His best chances might be in Iowa where his family now operates their dairy or in Texas cattle country.

There are a lot of right-leaning think tanks and other quasi political organizations out there that would offer him a job. He knows how Congress works; he knows the arcane rules of the House; he still has contacts in Washington. While he is more than likely dumb as a bag of hammers, he can manipulate the system and knows how to lie. He could land a job on any of the right-wing "news" channels as a wannabe Hannity or Carlson too.

I think tfg is running out of scams other than his latest grift to separate hard-working and retired people from their money to defend his latest blunder. witch hunt/hoax. He is too old. He has a lot on his plate with all the investigations and allegations of unsavory acts. If and when some of these things hit the proverbial fan, tfg will find out that his "name" brand will start losing some of its luster, especially if another Republican (like DeSantis) rises to the top for the '24 race.
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#545

Post by RTH10260 »

We Finally Know Who Funded Trump's Truth Social

Lauren Leffer
Fri, October 28, 2022 at 7:05 PM

Since the Donald Trump-founded social media platform, Truth Social, launched in February, the site’s financial origins have been cloaked in a layer of mystery. The company secured a reported $1 billion in funding, but that money remains inaccessible pending a successful public launch. In the interim, Trump’s media venture has pulled together about $38 million in debt, according to SEC filings, and that money didn’t come from Trump himself. So, who provided it?

Finally, we have some answers, according to a report from Reuters. An oil tycoon with political ties, former Trump appointees and staff sycophants, and your generic rich business owners pooled their resources together.

In August, a former co-founding executive of Trump Media & Technology Group (TMTG),William Wilkerson, filed a whistleblower claim with the Securities and Exchange Commission (SEC) against his employer and the sketchy shell company trying to take Truth Social public. Earlier this month, Wilkerson went public with his complaint. And now, some of the documents Wilkerson shared with the SEC have come to light.

Here are some of the major Truth investors, according to those filings, as first reported by Reuters:

Karl Pfluger, president of the Texas oil company Oryx Midstream and brother of Congressman August Pfluger, has put nearly $10 million towards Truth social since December 2021. Rep. Pfluger has been an outspoken supporter and endorsee of Trump. He was one of the many politicians who voted against certifying the results of the 2020 election, and just recently started receiving fundraising dollars from Amazon’s corporate PAC.

Patrick Walsh, CEO of Empire Holdings—a company that manages multiple gym brands—has invested $6.2 million with Truth.

Kenny Troutt, a Texas telecoms billionaire who has donated to Trump before, forked over $4 million for Truth.

Roy Bailey, the co-finance chairman for Trump’s 2016 election campaign and later a lobbyist for the administration, gave at least $200,000 towards Truth.

George Glass, a real-estate developer from Oregon who was appointed to serve as the U.S. Ambassador to Portugal during Trump’s presidency, dumped in at least half a million.

Bob McNutt, fittingly the CEO of a mail-order fruitcake company, made a modest $100,000 contribution to Trump’s social media platform.

Obviously, that still leaves about $10 million unaccounted for. According to Reuters, Wilkerson’s whistleblower documents contained about $9.4 million in promissory notes that the outlet couldn’t identify the origins of.



https://www.yahoo.com/news/finally-know ... 00436.html
(original Gizmodo)
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#546

Post by raison de arizona »

The butthurt on Truth today is nice.
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“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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#547

Post by sugar magnolia »

That "red wave" was just a ketchup smear on the wall.
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#548

Post by Luke »

They are definitely still miffed on Reddit -- https://www.reddit.com/r/DWAC_Stock/

Latest from the free speech absolutists:

Posted by u/Apostle2-4 ✝️ Worship Pastor ✝️2 days ago
📣 PSA: This sub does NOT support DeSantis 2024. Any posts or comments supporting DeSantis over Trump for the 2024 Nominee will be deleted and you will receive a warning. 2nd offense will result in a ban.
📢MOD Announcement📢

They see this as good press:


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They've pinned a video, "The Plot Against Donald Trump" and the main question seems to be, "Did Lindsey Graham sabotage the Midterm Elections over abortion?" :lol: Only watched 30 secs.


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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#549

Post by RTH10260 »

Shares of Truth Social merger partner fall after Trump’s candidates underwhelm in midterm elections

PUBLISHED WED, NOV 9 20229:07 AM ESTUPDATED WED, NOV 9 20224:01 PM EST
Lillian Rizzo

KEY POINTS
  • Shares of a Trump-linked SPAC fell after several of the ex-president’s favorite candidates disappointed in midterm elections.
    Trump Media’s merger with Digital World Acquisition Corp. faces legal and financial challenges.
Shares of the blank-check company set to take Trump Media and its Truth Social platform public fell sharply Wednesday after candidates endorsed by the former president disappointed in high-profile midterm election races.
:snippity:
Still, DWAC’s shares are trading sharply lower so far this year as the special purpose acquisition company faces financial and legal challenges as it seeks to merge with Trump Media & Technology Group, the parent company of Truth Social.



https://www.cnbc.com/2022/11/09/truth-s ... whelm.html
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) SPAC Digital World Acquisition Corp NASDAQ: DWAC

#550

Post by raison de arizona »

That’s so sad. :violin:
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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