Conservatives all over the United States are amazingly frustrated with the mainline social media platforms. All of them – Facebook, Twitter, Reddit, YouTube, and more – regularly censor content contrary to the mainstream media narratives that dominate the airwaves. The banning is always couched under the term “violation of community standards,” but what it really is, is outright censorship.
Multiple alternative platforms have been developed to allow for greater diversity in internet conversations, but each of them has their limits, and are still beholden to glitches and the opinions of the people who own them.
With those frustrations in play, President Trump and his team sought to create yet another platform named “Truth Social,” which is scheduled to be launched on February 21. To prepare for this venture, securities were sold to raise funds for the development of it, and at this point, the venture is more valuable than Facebook was years after its launch.
Facebook launched on February 4, 2004. In 2007, three years later, it had a market value of $1 Billion dollars. They were one of a kind and had no competition. It was a monopoly. TRUTH Social has not been launched yet by Donald Trump but is scheduled to make its appearance on February 21st. Its market value has already hit $13 billion dollars. And remember, they have fierce competition on Facebook.
Imagine what kind of growth potential TRUTH Media has with Trump’s 75 million voters sure to join as well as all the millions of liberal trolls. Not only will they grow, but many of the advertising dollars now spent on Facebook will be finding their way to the new platform. The sky is the limit.
That, of course, will bankrupt Facebook, but that little tidbit is not entering into the discussion.
According to a recent market report, Former President Donald Trump’s entertainment venture is currently outperforming all other special-purpose acquisition companies (SPACs). A SPAC is a program where a company acquires a private company and then offers it to the public. Digital World Acquisition Corp (DWAC), is the SPAC being used to take the Trump venture public and it is now the largest one in any industry. Even back in private life, Trump is setting records.
Reuters is reporting that the market valuation of the SPAC has climbed to $13 billion dollars with shares finishing at $73.12 on Friday’s close.
That has to have Trump’s opposition gnashing their teeth.
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