Trump’s social media company, like most of his other companies, is a disaster

It’s been a whole year since Donald Trump launched a coup attempt and was subsequently kicked out of major social networks. Twitter banned him permanently, while Facebook, usually cowardly, left him a chance to come back in 2024. Once hit with the hammer of ban, Trump threatened to start his own social network. So far, he’s been demoted from boss to blogger, posting random statements on his website that only draw attention when he says something particularly weird.

But when he’s not posting into the abyss, Trump has been raising money to make his social media dreams a reality. He has raised nearly $1 billion under the Trump Media and Technology Group umbrella and turned down offers from other, more established platforms in order to build his own. (This includes Parler, who was said to have been offered 40% of the company’s revenue if he joined, but Trump demanded that his critics be banned from the platform and Parler refused.)

So, with nothing but time and money (for others), how are things looking for a Trump comeback on social media? according to Washington Post: Very bad!

Like Mail According to reports, Trump’s entire plan hinges on merging with another company, Digital World Acquisition (DWA), through a tedious and complicated process called a Special Purpose Acquisition Company, otherwise known as SPAC. To make a long story short, DWA has raised funds for Trump Media, and the two will merge to form a public company. Except – not so fast, because the SEC is investigating the deal because the DWA is shady as hell. that it It is headquartered in a WeWork shared office In Miami, its initial SEC filings did not include any business plan, and did not list a single officer, employee or actual operation. Basically, it’s a billion-dollar blank slate. The company has also missed important filing deadlines, which is sure to piss off all the wrong people.

Earlier this month, Trump’s social media project got a CEO: former Congressman Devin Nunes. Although he has no actual experience as a CEO of a tech company, Nunes does have some familiarity with social media: He once sued someone to start a Twitter account called “Devin Nunes’ Cow,” and tried to sue other people who Criticize him on social media. So, of course, it seems ideal to lead a Trump-centric social network, which would almost certainly ban dissent while also claiming to be a bastion of free speech.

As for the actual Trump platform itself, well, things are not going well there. Back in October, a beta version of his social network, Truth Social, was set to launch. It only took the hackers a few hours to discover the site and direct the audience to the platform long before they were supposed to discover it. People started asking for usernames, including @realdonaldjtrump and @mikepence, and posting all kinds of inappropriate content. Truth Social closed soon after.

The second attempt to launch Truth Social is set for February 21, but a report from the Washington Post He suggests that it will actually take several months before the site really works.

Odds are, Truth Social will never be more than a half-thought-out Twitter clone, with more people signing up to take photos of Trump’s mock tweets on Twitter than actually using the platform. But users of Truth Social will surely think that it is the best social network out there. In fact, they will probably be asked to say so to use it.

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