truth

Enterprise, Media & Entertainment

“Unveiling “Truth Social”: Trump’s Innovative Platform for Live TV Streaming”

Truth Social, the social media platform owned by Donald Trump’s media company, has announced plans to launch a live TV streaming platform. The streaming service will launch in three phases. The company first plans to introduce Truth Social’s CDN (content delivery network) for streaming to the Truth Social app for Android, iOS and the web. Next, Truth Social plans to release over-the-top (“OTT”) streaming apps for phones, tablets and other devices. Truth Social went public last month after shareholders approved a merger of TMTG and Digital World Acquisition, a special purpose acquisition company (SPAC).

Zara Khan
April 16, 2024
2 Comments

CES, Enterprise, Gadgets, Media & Entertainment

Exploring the IPO Trend: How Trump’s Truth Social Became Part of the Movement

The Reddit and Astera Labs IPOs last week ate up a lot of media oxygen. And with good reason, the two tech IPOs priced well and traded with even more gusto. After a long dearth for technology offerings, seeing two large, multi-billion dollar offerings in the same week was part of a much-needed win for private-market tech companies, and sigh of relief for the same. But there was another offering last week that has a tech-angle to it: Trump Media and Technology Group, which is the company behind Truth Social. More from TechCrunch here, but the gist is that after much back-and-forth, it merged with its chosen SPAC and started to trade.

Dylan Williams
March 25, 2024

Uncategorized

“Truth Social SPAC: Covering Trump’s Exorbitant Legal Expenses Pending Board Approval”

Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. And that’s without reckoning with the questionable success of Truth Social, the partisan social network hurriedly stood up after the former President was booted from Twitter. TMTG reportedly had a net loss of around $49 million in 2023, on revenues of under $4 million — not exactly hot numbers. There’s no doubt that many, many shareholders in the newly public TMTG will sell their shares as soon as possible. But if Trump wanted to finance his current liabilities, he’d have to sell some 12 million shares at the current price — around 15% of his total stake.