“Row row row your boat gently down the stream, merrily merrily merrily merrily, life is but a dream.” — Nursery Rhyme
The Truth Social app is a great success even though you’ll most likely never see it. How can that be? Friend, do the arithmetic. Truth Social was never meant to exist. It was meant to be a money making scam, another ploy in Trump world to get investors to sink in their money. Donald Trump and some insiders were going to make out well, everybody else was going to take a bath. That’s how it was designed, that’s how it has played out so far.
If you missed it, Devin Nunes was on Fox News, where else, on January 23 and he announced yet another delay in the February launch of Truth Social. Nunes said the new date was March 31 — or April Fool’s Day, take your pick.
And color me cynical, but it won’t be there April Fool’s day, Tax Day, Easter, Mid Summer’s day — it ain’t comin, period! This is all a game on the stock market. that’s all it was ever intended to be. Trump has already made $28 million. CNBC:
The company, Digital World Acquisition Corp., opened trading Monday at $87.02 per share, and spiked to as high as $97.15 earlier Monday. But the stock price began plunging around 3:30 p.m. ET, and fell to as low as $80.45 per share.
DWAC closed the trading day at $83.88 per share.
Though the stock drop was triggered as word of the delayed launch of Truth Social spread Monday, the postponement of Trump’s version of Twitter had been announced last month.
In early January, Truth Social indicated on the Apple App Store that it would launch on Feb. 21.
But Devin Nunes, the recently appointed Trump Media and Technology Group CEO, during an appearance on Jan. 23 on Fox Business said that the app would be released by March 31.
Nunes, a California Republican who until January served in the House of Representatives, cited the need to finish ongoing beta testing as the reason for the delay.
It’s not the Beta testing causing the delay and anybody with a lick of sense knows that. There is nothing to beta test. This wagon is going to trundle down the road until the wheels fall off it, just like every other conveyance in Trump world.
Hit this link and read all you never wanted to know about Trump’s social media scam. One good thing to come out of it so far, is that Devin Nunes is no longer in Congress. That is a pearl of rare price and something the Democrats could not achieve, and Trump just handed it to us.
But short of that, you won’t see much productivity coming from Truth Social or Nunes.
Not to overlook the fact that it will be hit with a lawsuit as soon as it goes public for breach of the license open source license
I think they’re already in trouble for selling stock before the company had even been set up.
With SO MUCH talent and frame space needed to run such a unit, there are NO freaking startups out there to handle such a load …
The enormity of such an operation in fact shows Trump’s poor handling of such devices, because of the very nature of his, “site”, there would not be any existing frames to butt into, nor interested in his partnerships because his business history is etched in steel, “steal”, and would be examined at the micro detail levels before any crew would consider assembling the systems needed, cash up front is not one of Trump’s strengths and the real time to get up and running seems to have eluded science denier Nunes ….
Anybody with money in this system will get just what they bought into … NOTHING !!
$83.88/share is still $83.87/share too much to pay for garbage.
Ben Meiselas and Michael Popok (on their Legal AF podcast) did a couple of segments on this SPAC (Special Purpose Acquisition Company). This is a very complicated way to finance a company. But apparently it boils down to a ponzi scheme that the SEC is supposedly already investigating. The SPAC is supposed to buy an existing company but this one bought Truth Social, a company that barely existed on paper. So depending on how seriously the SEC takes this, add one more headache to TFG’s legal team, such as it is.
” nothing up my sleeve” bullwinkle moose
Don the con strikes again—and his sycophants are too stupid to realize it.