Shares of Digital World Acquisition Corp (DWAC), the blank-check company backing former U.S. President Donald Trump’s new social media venture, Truth Social, surged nearly 30% in premarket trading on Tuesday as the app climbed the charts after its Sunday debut on Apple’s App Store.
Truth Social was the top free available app on the App Store on Tuesday.
Digital World’s shares jumped 26% to $106.44 and were on track to open at levels last seen in October, days after Digital World announced a deal to publicly list Trump Media & Technology Group (TMTG), the venture behind Truth Social.
Other stocks linked to Trump also advanced. Phunware (PHUN), hired by Trump’s 2020 Presidential re-election campaign to build a phone app, climbed 17.9%. SPAC CF Acquisition Corp VI (CFVI), which is taking video platform Rumble Inc public, added 5.4%.
MacDailyNews Note: An attempt to make an account by DailyMail.com on Tuesday morning resulted in being placed 372,378th on Truth Social’s waitlist. according to Wikipedia, over 500,000 are currently waitlisted.
Currently, Truth Social is available exclusively via Apple’s App Store for iPhone and iPod touch users.
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[Thanks to MacDailyNews Readers too numerous to mention individually for the heads up.]
Leftist censoring globalist filth brought this upon themselves.
Twitter’s Jack Dorsey says blocking Post’s Hunter Biden story was ‘a “total mistake.”
Twitter also locked over 200-year-old New York Post out of its account for more than two weeks over baseless charges that the exposé used hacked information — a decision Dorsey chalked up to a “process error.”
“It was literally just a process error. This was not against them in any particular way,” Dorsey told the House Energy and Commerce Committee.
Bullshit.
https://nypost.com/2021/03/25/dorsey-says-blocking-posts-hunter-biden-story-was-total-mistake/
More tabloid garbage from First Ad Nauseum. Meanwhile, in the real world,
https://www.investors.com/news/dwac-stock-sinks-on-midterm-results-trump-big-announcement-to-come
In before all the libturd commenters:
libturd politicians are geniuses. They know exactly how to manipulate their gullible and stupid constituents.
Politicians are not the problem, the problem is the libturd voters and stupid can’t be fixed.
Reply
We love President Trump!
Politics aside, if the bad orange man can bring a good percentage of his followers over to truth social and a few other independent voices join in then Truth Social platform can put up significant active daily user numbers. Everyone is fixated on the orange man’s role, but the better question is how good is the platform and how it compares to the other social apps experiences. It’s not hard to imagine a better design, UI and algorithm(s) than the current social media leaders; facebook and twitter have no real competition and these platforms lack innovation. FB’s idea of innovation is to buy up the competition and lift ideas from Snap and tik tok. So there is a real opportunity for Truth Social to become an alternative used by hundreds of millions of people world wide if they can strike the right balance between UI, design and freedom from “progressive” political correct cancel culture. Remember, in 1996 everyone said Fox news had no shot making it, yet alone crushing CNN ratings and yet today we all see how correct those voices where.
In terms of daily active users Joe Rogen is one of the most popular individual voices in mass media. Would his audience be more likely to use Truth Social or Twitter ? Time will tell.
So an important question is how good is the platform based on its on its merits and not what the political cheerleaders say. If truth social is actually a good platform than DWAC may be is a great investment.
FORMER President Trump
Presidents keep the title for life. Yes, even him.
I’d hold off on investing until the SEC investigations are concluded. Some questionable practices were used in creating the SAC that was used to fund this venture. Why am I not surprised?
Welcome to Trump Daily News!
🤮🤮🤮🤮
I heard they were going to call it “The Biggest Loser” Network, but that name was taken. Still hard to believe one man could single-handedly lose the House, the Senate, and the presidency for his party. If that wasn’t enough, he went on to lose 60+ court challenges and 100s, if not 1000s, of recounts and audits. Even the Cyber Ninjas agree, he’s a loser. And he keeps reminding us about it with his incessant whining. Now he has his own platform to whine freely to his adoring worshippers without being censored. So much whining! So much losing! You’d think he’d be tired of it by now. I know I am.
You remind me of the idiots that say, “it must be true, it says so in Wikipedia”. I guess you didn’t hear the one about State Legislatures and the violations of the Constitution? Nor that the Supreme Court CHOSE not to address the issue. Those are facts, and they have nothing to do with the drivel that you posted.
It must be true that Mr. Trump whines incessantly because I keep hearing it with my own ears from his own mouth. I know a whiney little bitch when I hear one, no need to consult Wikipedia.
Okay Tony A, I usually agree with you. But you’re out of line with the “winey little bitch” comment, when he’s clearly a c*nt!
AappleCynic sukkkks, as usual. Disgraceful scummm!
I’d much rather listen to whining (Like you two are doing) than listening to Mr.Shitmypants as he speaks while sounding like he’s got a pair of moose balls in his mouth.
No, so much winning!
President Trump embarrassed the Washington Swamp political class like no other president in history on his first inexperienced tryout both remarkable and HISTORIC. The best economy in history and he set several records that Leftist morons can’t comprehend or credit out of fairness.
That would be you…
Aw bless! The Slavering Sycophant GoeB rises again. Drunk on hyperbole, denial and brain dead worship. Still, it’s a little better than the Guttersnipe Trash(™️©️) GoeB – cheerleader for the “Nobody died, not an insurrection, it was antifa provocateurs, just a few old boys having fun!” excuse of a lie.
I’ll say it again. Why hasn’t his head done the decent thing and exploded?
Right on que the sycopant Leftist all you know how to do is MOCK and spew childish NAME CALLING those you disagree with. As always, no rebiuttal, no intelligent discussion or debate. Just brainwashed Leftist dogma.
Do you have any clue or shred of self awareness how IRRELEVANT you are?…
Tony, you need to stop taking: “How fucking stupid can you be?” as a challenge.
I wouldn’t have a problem with Big Social blocking him if they applied the same standards to every user.
Ah, The Ex-Conmander-in-Thief’s next con…
Watch Apple pull it out of the App Store when the sure to come inciting starts.
Pravda-USA is simply the next tool after Faux News and Outrage AM Radio the oligarchs can use to keep low-intelligence peasants permanently outraged, scared, and dependent on the latest fat orange party strongman to make everything great again. Nothing that any political operative posts on Twitter and Imitation Twitter alternatives promotes solutions or collaboration, it’s just a drip feed of opinions. Putting that into a walled garden only concentrates the opinions and keeps out contrarian evidence and discussion. The wannabe tsars love this, it kills democracy and makes the rich richer while the plebiscite fights itself.
The number of trolls on this site that advocates for infinite one-party rule demonstrates how powerful the misinformation campaigns from the Mercers, Murdochs, etc have been. There is nothing less patriotic than pushing partisan divisions. If the USA hopes to be relevant in one generation, you had better drop the koolaid and learn about coordinating with ALL parties to pragmatically find the best solution for the most people for the longest possible timeframe. The house cannot stand long if people keep acting like partisan idiots.
It is not partisan to say that only an idiot would ever believe that an obviously corrupt self serving NY rich brat millionaire (who offers no accounting proof of more) isn’t the least bit interested in helping the working class. His entire career has been built on failing businesses that all have a common theme: other people invest in the brand and do the work, he takes and hides the profits and skips off when the outfit goes bankrupt. Repeat over and over with new gullible investors enamored with tough guy talk. If the GOP nominated an intelligent, caring, thinking leader in the mold of Eisenhower or Roosevelt, then they’d really make progress. If they keep rallying around shallow oligarchs that deliver nothing but lowest common denominator entertainment media, then the scientific and economic muscle the USA used to get ahead will be lost. This latest media craze doesn’t bring jobs back to America, it’s a blatant propaganda platform that will weaken the threads that patriotic Americans stitched together with blood sweat and tears.
Hal: no, I am not stupid. Are you? I can think for myself without an oligarch feeding me piles of bullshit. Can you?
All you whiny snowflakes should download President Trumps other app, it’s a medical app where you can touch a non-binary body to show where he hurt your vagina.