Donald Trump's Truth Social |
Digital World Acquisition Corp (DWAC) shares the blank check company, jumping big time today on the news. Former president Donald Trump's social media platform will be allowed on the Google Play Store. That accounts for 44 percent of all smartphone users, the majority of whom, of course, own Android devices. It had been banned prior, according to Google, though Truth Social agreed to enforce content moderation and to remove and block users who publish posts that incite violence.
Trump's "Truth Social" will be the death of Twitter & Other Social Media Networks!
DWAC is currently pushing to extend the deadline for the merger with Trump Media, currently set for December 8th. Without the extension or the completion of the merger, they will be forced to liquidate Shares are down 94 in the last 12 months, but they are up today. We mentioned the bounce of 14 percent. This is on the very day that the house had another public hearing on the January 6th insurrection. They're voting this afternoon to see if they'll subpoena Donald Trump. Of course, we'll never see him at these hearings. It'll be way after midterm, so delay this forever.
Is Trump's Social Media Site "Truth Social" Going To Be on the Android app also? Check it out
I'm stunned at this increase though. I give this deal a true social chance. Look at my perception as the deal has never changed. I just do not see a path to success. When they talked about the extensions, we heard from DWAC CEO Patrick Orlando basically that if they don't get more of these extensions, the deal is going to fall apart, and a lot of people were wondering now that this Twitter deal with Musk is supposed to go through, do you still need DWAC? We already have a platform, so for some of these ones that perhaps sprung up because of the limitations of Twitter, there is some hope obviously with it being in the Google Play Store. If there's no deal, it doesn't really matter if the Truth Social app makes it to the Play Store.
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