Donald Trump launching new (ANOTHER?) social media platform

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hal2kilo

hal2kilo

Lifer
Feb 24, 2009
23,422
10,309
136
Just finished reading this, and the thread is on top.

Inside the "weird" world of DWAC, Trump's already soaring social media SPAC | Salon.com

But despite the former president's involvement, it was the the strange details surrounding DWAC that had many experts scratching their heads.

According to documents filed with the Securities and Exchange Commission, the company was formed just a few weeks after Trump's 2020 loss, with the stock brokerage firm Kingswood Capital Markets as the sole underwriter. As New York Magazine noted on Thursday, Kingswood used to be called EF Hutton — a 1980s financial powerhouse that was eventually sold after it was revealed the firm was involved in illegal mob-related ventures. Trump also famously bragged about dealing with the New York City Mafia during his years as a real estate developer.

DWAC's official address is listed as a WeWork office in Miami, while its management team is also drawing a fair bit of scrutiny. Patrick Orlando, the firm's CEO, appears to be a SPAC veteran whose most recent offering is Yunhong International, another blank-check company located in Wuhan, China.
 
  • Wow
Reactions: cytg111
Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
Nov 17, 2019
10,764
6,452
136
At least one major investor pulled out when they found out the Truth of the matter.


Saba Capital Dumped Unrestricted SPAC Stock on Trump News

www.msn.com.ico
Bloomberg on MSN.com|7 hours ago
Saba Capital Management quickly sold its entire stake of unrestricted stock in blank-check company Digital World Acquisition Corp. on Thursday after discovering it planned to merge with former President Donald Trump's new media venture.
 
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  • Haha
Reactions: hal2kilo
T

tweaker2

Lifer
Aug 5, 2000
14,519
6,952
136
If Trump ever gets arrested, he will have the impossible task of dealing with the Miranda rights clause whereby he has the right to remain silent. His lawyers will literally have to sew his mouth shut in order to keep Trump from incriminating himself. I mean, hey, it's not like he's repeatedly done this before, right? That he was banned from other social media platforms speaks volumes about the lies and misinformation he MUST disseminate in order to keep his supporters from straying.

So now he's looking for a way to "fight back" as he so eloquently put it in order to deny and obfuscate his own crimes, his own treachery and to preach his own hell-spawned sermons to those minions of his who are now left in limbo, not being able to hear from their idol new words of divisiveness, hate, racism and fear.

His being elected is the biggest scam job ever pulled on those folks looking to have their racism, nativism and isolationism become national policy, of which Trump was more than glad to foment and pursue in order to gain and remain in power.
 
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B

brycejones

Lifer
Oct 18, 2005
26,076
23,951
136
mikeymikec said:
Interesting TOS...

tech.slashdot.org

Trump's Truth App Bans Criticism of Itself - and Also 'Excessive Use of Capital Letters' - Slashdot

Time magazine spotted three things in the terms of service for former U.S. president Trump's "Truth Social" site: - Despite advertising itself as a platform that will "give a voice to all," according to a press release, TRUTH Social's terms of service state that users may not "disparage...
tech.slashdot.org
Click to expand...

The hypocrisy will be lost on those who really need to get it.
 
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Fanatical Meat

Fanatical Meat

Lifer
Feb 4, 2009
34,554
15,766
136
Face it the Guy is a poor business man.
He couldn’t turn a profit on a Hotel in Washington where diplomats paid a ridiculously high price renting multiple rooms to make the former President happy.
He still reported losses. The man has zero ability to budget.
 
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F

fskimospy

Elite Member
Mar 10, 2006
83,980
47,897
136
Fanatical Meat said:
Face it the Guy is a poor business man.
He couldn’t turn a profit on a Hotel in Washington where diplomats paid a ridiculously high price renting multiple rooms to make the former President happy.
He still reported losses. The man has zero ability to budget.
Click to expand...
This is still one of the most astoundingly corrupt things about the most astoundingly corrupt administration in US history.

The sitting president owned and operated a for profit hotel down the street from the White House in express violation of its lease terms where people and foreign governments with business before the US government spent money for the purposes of bribing him. It was all in plain sight and obvious. After all, once Trump lost the place became a ghost town. Yet, despite this massive corruption nobody did a thing.

The fact that even with foreign governments bribing him he couldn’t turn a profit is pretty funny though.
 
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hal2kilo

hal2kilo

Lifer
Feb 24, 2009
23,422
10,309
136
fskimospy said:
This is still one of the most astoundingly corrupt things about the most astoundingly corrupt administration in US history.

The sitting president owned and operated a for profit hotel down the street from the White House in express violation of its lease terms where people and foreign governments with business before the US government spent money for the purposes of bribing him. It was all in plain sight and obvious. After all, once Trump lost the place became a ghost town. Yet, despite this massive corruption nobody did a thing.

The fact that even with foreign governments bribing him he couldn’t turn a profit is pretty funny though.
Click to expand...
He probably has it, buried in a myriad of payments to subcontracting companies owned by... you guessed it, Trump.
 
R

Right is right

Junior Member
Jan 16, 2022
1
0
6
Burpo said:
:oops:

Age Rating12+
Infrequent/Mild Mature/Suggestive Themes
Infrequent/Mild Contests
Infrequent/Mild Cartoon or Fantasy Violence
Infrequent/Mild Alcohol, Tobacco, or Drug Use or References
Infrequent/Mild Simulated Gambling
Infrequent/Mild Medical/Treatment Information
Infrequent/Mild Profanity or Crude Humor
Infrequent/Mild Horror/Fear Themes
Click to expand...
Sounds exactly like Twitter to me.
 
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