…Months after leaving the White House, former President Donald Trump began plotting his return to Wall Street. That return, delayed by years of regulatory and legal hurdles, is now on the verge of becoming a reality — and it could make Trump a fortune. US regulators have finally given the green light to a controversial merger between Truth Social owner Trump Media & Technology Group and a blank-check company. The blessing from the Securities and Exchange Commission removes the last major obstacle holding back the deal. The merger, if approved by shareholders, would pave the way for Trump Media to become a publicly-traded company — one where Trump will own a dominant stake that could be worth billions. Digital World Acquisition Corp., the blank-check firm, announced that on Wednesday the SEC signed off on the merger proxy for the deal. A date for a shareholder vote will be set by Friday…. https://www.cnn.com/2024/02/15/business/trump-spac-truth-social-stock/index.html This is going to make Truth Social a major force in the social media area. A great alternative to the big tech controlled sources. DWAC will provide millions with the opportunity to invest in and support Trumps venture.
Nobody is posting truth social feeds yet (to our great chagrin), but scanning the comments section of X you can really see the change in tone after the ethics team was removed. The result is akin to removing the servants in this fable. Freedom for all! https://read.gov/aesop/108.html
I love the narrative around Truth Social, depicting it as some kind of lone bastion of speech on an internet literally chock full of venues to talk to people. But then, narratives are incredibly important to MAGA so it comes as no surprise.
