In a resounding victory for supporters of free speech on digital platforms, Truth Social has now become a legitimate contender against Big Tech monopolies like Twitter and Facebook. After securing a major win in a vote by shareholders, upstart social media network Truth Social is set to go public and take on established social media giants. The platform, exclusively blessed and endorsed by former President Donald Trump, has given hope to millions of conservatives who feel that their voices are being silenced by the Silicon Valley oligarchs.
Thanks to the efforts of shareholders in the electric blank-check acquisition company Digital World Acquisition Corp. (DWAC), the deal with Trump Media & Technology Group – the organization behind Truth Social – has been extended for another 12 months. This is a significant victory for Trump supporters who have been targeted by tech giants for years, and who now have a platform to call their own. With President Trump holding a 55 percent voting power in the company, Truth Media & Technology Group is poised to become a major force in the social media space.
In an admirable move, DWAC utilized Truth Social to appeal to users and non-shareholders to petition its owners to grant the company a second year to take a bite at the apple with Trump. The success of this move has vindicated the faith of those who have backed Trump’s efforts to fight back against the radical left agenda being propagated by Big Tech. Like many other platforms, Truth Social has had to endure setbacks, including a recent $18 million settlement with the Securities and Exchange Commission alleging it misled investors. However, these minor setbacks pale in comparison to the bigger picture of enabling conservative voices to be heard in today’s digital world.
In a stroke of good news that is sure to hearten President Trump’s supporters, the company’s value is set to skyrocket with millions of dollars in funds likely to be raised to expand its operations. Despite the efforts of Big Tech to silence any hint of conservative opinion, Truth Social has managed to attract legions of supporters, who are attracted by its promise of free speech and the ability to share conservative values openly and freely. This success is even more remarkable given that the platform was launched in the aftermath of Trump’s suspension from Twitter.
DWAC’s extension of the deal with Trump Media & Technology Group has not been without controversy, with regulators calling on the company to improve its quarterly reporting process. However, these minor hurdles have not deterred the platform’s supporters, who remain steadfast in their quest for truth and freedom of speech. The original deal stipulated that the “ownership and position in the Company shall be structured in such a way as to eliminate the need for restructuring of ownership or changes in position were a Material Disruptive Event (MDE) to occur.” This includes President Trump being convicted of a felony after the deal closes, which would have led to the terms of the deal being favorable to him were he to be found guilty of the charges against him.
In conclusion, Truth Social’s victory is a testament to the resilience of patriots who refuse to be silenced in the face of Big Tech tyranny. The platform represents an oasis of free speech in a sea of censorship, and it has cemented its place as a pro-freedom alternative to the Silicon Valley oligarchs. With a future that is looking increasingly bright and lucrative, Truth Social is set to become a formidable challenger to the likes of X, which was once Twitter, under new owner Elon Musk. Trump supporters can now breathe a sigh of relief knowing that their voices will no longer be silenced by the radical left agenda imposed by Big Tech.