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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Coach is Back! on February 19, 2024, 10:58:16 AM
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Truth Social, Donald Trump's social media platform, announced late Wednesday it had clear its final regulatory hurdle for merging with a cash-flush acquisition company whose value has soared in recent weeks as the former president won the first three major presidential primary contests.
Digital World Acquisition Corp. (DWAC) announced that the Securities and Exchange Commission had "declared effective" the registration statement for its proposed merger with Trump Media and Technology Group, the parent company for Truth Social.
The SEC's action ends nearly a two-year-long saga of delays that some conservatives feared were driven by political influences at the Biden administration. It also gives tens of thousands of everyday investors who made a bet on the merger a chance to own a piece of the Trump-owned firm heading into the 2024 election
DWAC said it plans to announce by week's end the date of a special meeting where stockholders can vote to approve the merger.
Devin Nunes, the former California congressman who serves as Truth Social's CEO, hailed the development as a chance for the social platform to gain capital and grow as a free speech alternative to Big Tech companies that have stirred controversy by engaging in various forms of censorship.
"Truth Social was created to serve as a safe harbor for free expression and to give people their voices back," Nunes said. "Moving forward, we aim to accelerate our work to build a free speech highway outside the stifling stranglehold of Big Tech
"I'd like to thank everyone who has believed in our mission and helped bring us to this moment: DWAC and its CEO Eric Swider, DWAC shareholders, the TMTG Board of Directors, the entire TMTG staff, and the whole community of Truth Social users," he added.
DWAC has seen the value of its stock rise in recent weeks from around $15 a share to $43.50 late Wednesday, fueled in part by Trump's commanding early success in the GOP primaries.
Devin Nunes, the former California congressman who serves as Truth Social's CEO, hailed the development as a chance for the social platform to gain capital and grow as a free speech alternative to Big Tech companies that have stirred controversy by engaging in various forms of censorship.
"Truth Social was created to serve as a safe harbor for free expression and to give people their voices back," Nunes said. "Moving forward, we aim to accelerate our work to build a free speech highway outside the stifling stranglehold of Big Tech
"I'd like to thank everyone who has believed in our mission and helped bring us to this moment: DWAC and its CEO Eric Swider, DWAC shareholders, the TMTG Board of Directors, the entire TMTG staff, and the whole community of Truth Social users," he added.
- Just the News
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What’s your take on this news?
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Coach, are you a user on Truth Social? In July of 2023 Truth Social had an estimated 607,000 monthly users. As of 2023, there were approximately 556 million active monthly users on X. Facebook currently has 3.07 billion monthly active users. YouTube has 2.2 billion. Instagram has 1.4 billion. TikTok - 1 Billion, Snapchat - 500 Million, and Pinterest - 480 Million.
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Coach, are you a user on Truth Social? In July of 2023 Truth Social had an estimated 607,000 monthly users. As of 2023, there were approximately 556 million active monthly users on X. Facebook currently has 3.07 billion monthly active users. YouTube has 2.2 billion. Instagram has 1.4 billion. TikTok - 1 Billion, Snapchat - 500 Million, and Pinterest - 480 Million.
Whats your point? You're showing your entrepreneurial ignorance again.
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I am in the stock for $65 a share. :-[
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Whats your point? You're showing your entrepreneurial ignorance again.
Entrepreneurial ignorance? What I posted was current social media user information, I was not making a point. You apparently concluded something on your own. My post had nothing to do with entrepreneurship. Try again. ::)
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Entrepreneurial ignorance? What I posted was current social media user information, I was not making a point. You apparently concluded something on your own. My post had nothing to do with entrepreneurship. Try again. ::)
Typical. :)
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Typical. :)
It is true that I most often post facts and statistics rather than my personal opinions. Do you have an issue with this?
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It is true that I most often post facts and statistics rather than my personal opinions. Do you have an issue with this?
Then it makes no sense to post it since you didn’t offer any context. You could’ve just stopped at “Coach are you a TruthSocial user?” And it would’ve been concluded at that. If you weren’t making a point, why post the statistics? ???
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Coach, are you a user on Truth Social? In July of 2023 Truth Social had an estimated 607,000 monthly users. As of 2023, there were approximately 556 million active monthly users on X. Facebook currently has 3.07 billion monthly active users. YouTube has 2.2 billion. Instagram has 1.4 billion. TikTok - 1 Billion, Snapchat - 500 Million, and Pinterest - 480 Million.
Boomer with a Google, AI or bot? :D
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It is true that I most often post facts and statistics rather than my personal opinions. Do you have an issue with this?
Then it makes no sense to post it since you didn’t offer any context. You could’ve just stopped at “Coach are you a TruthSocial user?” And it would’ve been concluded at that. If you weren’t making a point, why post the statistics? ???
Exactly.
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Why is another lawsuit not a surprise? Can't this buffoon do anything without drama?
Doesn't the SEC require him to hold his shares 6 months before selling them? In 6 months, they could be worth only pennies. Watch it become another bankruptcy when it hits the open market.
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Trump Media co-founders sue company, alleging a scheme to dilute shares
https://www.google.com/search?client=firefox-b-1-d&q=Trump+Media+co-founders+sue+company%2C+alleging+a+scheme+to+dilute+shares
Two cofounders of former President Donald Trump's media company have filed a lawsuit claiming executives at the company schemed to deprive them of shares that could be worth hundreds of millions of dollars ahead of a possible merger.
Andy Litinsky and Wes Moss, who met Trump when they were contestants on "The Apprentice," filed the lawsuit through their partnership, United Atlantic Ventures (UAV).
In the suit, seen by The Washington Post, they claimed executives, including Trump, were using "11th hour, pre-merger corporate maneuvering" to dilute their stake in the business.
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Why is another lawsuit not a surprise? Can't this buffoon do anything without drama?
Doesn't the SEC require him to hold his shares 6 months before selling them? In 6 months, they could be worth only pennies. Watch it become another bankruptcy when it hits the open market.
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Trump Media co-founders sue company, alleging a scheme to dilute shares
https://www.google.com/search?client=firefox-b-1-d&q=Trump+Media+co-founders+sue+company%2C+alleging+a+scheme+to+dilute+shares
Two cofounders of former President Donald Trump's media company have filed a lawsuit claiming executives at the company schemed to deprive them of shares that could be worth hundreds of millions of dollars ahead of a possible merger.
Andy Litinsky and Wes Moss, who met Trump when they were contestants on "The Apprentice," filed the lawsuit through their partnership, United Atlantic Ventures (UAV).
In the suit, seen by The Washington Post, they claimed executives, including Trump, were using "11th hour, pre-merger corporate maneuvering" to dilute their stake in the business.
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Being that you are the head “Buffon” of Getbig why don’t you help him out.
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Being that you are the head “Buffon” of Getbig why don’t you help him out.
Why would I do that?
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Why would I do that?
Because you’re an expert at buffonary!
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Because you’re an expert at buffonary!
Say the expert on dumbassery!
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Say the expert on dumbassery!
🖕President Trump is going to deport you along with all the other filth PedoJoe allowed to infiltrate this Country. Get packing LibTurd!
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🖕President Trump is going to deport you along with all the other filth PedoJoe allowed to infiltrate this Country. Get packing LibTurd!
Except that I am a citizen. Dumb ass.
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Except that I am a citizen. Dumb ass.
You’re a shitizen, an Anti-American C unt. I’ll make sure President Trump sends you back to where you belong!🖕
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You’re a shitizen, an Anti-American C unt. I’ll make sure President Trump sends you back to where you belong!🖕
Sure you will. ::)
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https://www.forbes.com/sites/jamesfarrell/2024/03/02/trump-opens-largest-ever-lead-in-new-york-times-polling/?sh=552a0ea670f4
Libs...Deaf, Dumb and Blind, sad bunch or deviant retards!
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https://www.guy.html?pvid=8pQL2YwMnwWcocOCOoGJd1x0&ugrp=c&smid=tw-share (https://www.guy.html?pvid=8pQL2YwMnwWcocOCOoGJd1x0&ugrp=c&smid=tw-share)
Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner
The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.
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Braindead pant-shitter clears porta-potty hurdle, but still blasts liquid shite into his diaper...
i=F45REVfBt7K1O-Wn
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I am in the stock for $65 a share. :-[
At least the stock is finally going back up.
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https://www.theguardian.com/business/2024/mar/27/how-can-donald-trumps-lossmaking-truth-social-be-worth-8bn (https://www.theguardian.com/business/2024/mar/27/how-can-donald-trumps-lossmaking-truth-social-be-worth-8bn)
Analysis
How can Donald Trump’s loss-making Truth Social be worth $9bn?
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https://www.theguardian.com/us-news/2024/apr/24/jeff-yass-anti-muslim-pro-israel-donations (https://www.theguardian.com/us-news/2024/apr/24/jeff-yass-anti-muslim-pro-israel-donations)
Billionaire Jeff Yass linked to $16m in donations to anti-Muslim and pro-Israel groups
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