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    Truth Social

    https://truthsocial.com/
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    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate any illegal activity.
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    another Parlor?
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    Confirmed... Trump's new company is a SPAC. A Special Purpose Acquisition Company.


    It's chartered (and flush with $293Mil cash) with the express intent of acquiring and operating media assets. That could be social apps, but also cable channels, or other things. It is NOT just a social app. It will raise more money and begin announcing acquisitions soon. Initial valuation posted at $1.7B.

    [Forwarded from TruthHammer (TruthHammer888)]

    SPAC's are the new way of "going public" that has been sweeping venture capital for a few years now. It's WAY less work to find a public company that isn't doing much, acquire it just for the "shell"... hollow it out, and replace it's operating plan with your new mission. It happens all the time and the shell entity may or may not have relevance to the new resulting company post "merger".

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    They are taking it public through a SPAC merger. They have a $875 million valuation so it will be a billion dollar company in no time. Itís currently trading under a shell company DWAC and when the merger is complete the stock symbol will be TMTG

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    So is this a new platform that cannot be cancelled like Parlor, or will it also rely on platforms like amazon or apple?...

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    Quote Originally Posted by reddog309 View Post
    So is this a new platform that cannot be cancelled like Parlor, or will it also rely on platforms like amazon or apple?...
    Hopefully after the recent failures they'll have this part figured out. Buuut...the infrastructure side of things (like amazon web services or apple store issues) is going to be a big hurdle to overcome. Correct me if I'm wrong, but the only way to get an app on to an apple device is through the apple store, right? And they're probably going to run into the same issues with chrome/google/android. And if we go full on China mode, then even the web traffic to their new servers could get blocked. This is why it's so easy to block social media stuff. People want to use social media on their phones without any extra steps like vpn, etc. Nobody wants to go login to a computer, connect vpn or proxy, just to post stupid stuff to social media. It pretty much has to be idiot proof and easy enough a child can do it. And free.

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    This is where I get lost, any new app still has to get on the web somehow, just like Parlor was shut down in a day by apple, amazon and google, this will be shut down also by the libs...

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    Quote Originally Posted by heavyiron View Post
    Confirmed... Trump's new company is a SPAC. A Special Purpose Acquisition Company.


    It's chartered (and flush with $293Mil cash) with the express intent of acquiring and operating media assets. That could be social apps, but also cable channels, or other things. It is NOT just a social app. It will raise more money and begin announcing acquisitions soon. Initial valuation posted at $1.7B.

    [Forwarded from TruthHammer (TruthHammer888)]

    SPAC's are the new way of "going public" that has been sweeping venture capital for a few years now. It's WAY less work to find a public company that isn't doing much, acquire it just for the "shell"... hollow it out, and replace it's operating plan with your new mission. It happens all the time and the shell entity may or may not have relevance to the new resulting company post "merger".
    You barely beat me to it. These SPACís donít go below $10/share so anywhere close to that you are golden. I bought some pre market at $12 then loaded the boat below $11. It fucking exploded when market opened.

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    Quote Originally Posted by randy4me View Post
    You barely beat me to it. These SPACís donít go below $10/share so anywhere close to that you are golden. I bought some pre market at $12 then loaded the boat below $11. It fucking exploded when market opened.
    Thanks for posting this in the investment thread so we could all get in on it.

    j/k

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    Quote Originally Posted by reddog309 View Post
    So is this a new platform that cannot be cancelled like Parlor, or will it also rely on platforms like amazon or apple?...
    Yep. The only thing listed on their website is literally "pre order now through apple store". Ummm....

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    Quote Originally Posted by reddog309 View Post
    This is where I get lost, any new app still has to get on the web somehow, just like Parlor was shut down in a day by apple, amazon and google, this will be shut down also by the libs...
    Exactly what I was thinking.
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    Quote Originally Posted by reddog309 View Post
    This is where I get lost, any new app still has to get on the web somehow, just like Parlor was shut down in a day by apple, amazon and google, this will be shut down also by the libs...
    I'm guessing Trump will have his team build the infrastructure using his own servers. Gab Social did this and they are still operational. Trump has way more pull than Gab though. Pretty sure he will sue everyone into oblivion that tries to trample his rights.

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    Quote Originally Posted by Multislacking View Post
    Yep. The only thing listed on their website is literally "pre order now through apple store". Ummm....
    Pre order???
    So he's charging?
    He's gonna make a KILLING!
    Any info of it will be MODERATED or UNMODERATED commentary from the violent bearded white guys that paid?
    :: prudence ::

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    Quote Originally Posted by kilsong View Post
    Pre order???
    So he's charging?
    He's gonna make a KILLING!
    Any info of it will be MODERATED or UNMODERATED commentary from the violent bearded white guys that paid?
    Even free things go into a shopping cart and checkout process...get with the times, grandpa.

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    Okay.. Just checking.
    You woulda paid if he told u to.
    :: prudence ::

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