Truth Social

Why the future of democracy could depend on your group chats

Retrieved on: 
月曜日, 6月 3, 2024

I became newly worried about the state of democracy when, a few years ago, my mother was elected president of her neighborhood garden club.

Key Points: 
  • I became newly worried about the state of democracy when, a few years ago, my mother was elected president of her neighborhood garden club.
  • At the time, I was trying to resolve a conflict on a large email group I had created.
  • Rather than practicing democracy, people most likely find themselves getting suspended from a Facebook group they rely on with no reason given or option to appeal.
  • Or a group of friends join a chat together, but only one of them has the ability to change its settings.

Implicit feudalism

  • But as I describe in my book, “Governable Spaces,” feudalism describes life online quite well.
  • But people experience feudalism most directly among fellow users who happen to hold moderation roles.
  • I believe that implicit feudalism is becoming a template for politics more broadly.
  • Various pathologies of online life also become easier to understand in light of implicit feudalism.
  • But under implicit feudalism, what better options do people have?

Digital democracy

  • Closer to planet Earth, governments have started encouraging technology for online democracy.
  • The fate of democracy anywhere, I have come to believe, depends on experiments like these.
  • People around the world are losing faith that democracy is responsive to their needs.
  • As the technologist Bruce Schneier has argued, “The modern representative democracy was the best form of government that mid-18th-century technology could conceive of.

Practicing democracy

Descartes and the deep state: what 17th-century philosophy reveals about Trump and QAnon

Retrieved on: 
火曜日, 5月 28, 2024

Another 30% believe the 2020 US presidential election was stolen from Donald Trump.

Key Points: 
  • Another 30% believe the 2020 US presidential election was stolen from Donald Trump.
  • If these figures are anything to go by, a worrying number of Americans believe reality is not what it seems.
  • From this, Descartes set out to demolish any beliefs that weren’t “completely certain and indubitable”, and then to “start again from the ‘foundations’”.

Trump the messiah

  • However, instead of dismantling the deep state, Trump left the White House.
  • That was until November 2022, when Trump announced his 2024 presidential campaign.
  • After two years, QAnon’s messiah figure had returned and, since then, Trump has been galvanising QAnons to take the battle to the deep state once again.

Trust the plan

TMTG Reports First Quarter 2024 Results

Retrieved on: 
月曜日, 5月 20, 2024

SARASOTA, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, is announcing financial results for the fiscal quarter ending on March 31, 2024, and will also file its 10-Q with the Securities and Exchange Commission (the “SEC”) today. TMTG’s quarterly report and financials were reviewed by Semple, Marchal & Cooper, LLP, which the Company appointed as its independent registered public accounting firm, effective May 4, 2024, after a detailed evaluation process.

Key Points: 
  • ~
    ~ Commenced Trading on Nasdaq, Under Symbol DJT on March 26, 2024 ~
    SARASOTA, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, is announcing financial results for the fiscal quarter ending on March 31, 2024, and will also file its 10-Q with the Securities and Exchange Commission (the “SEC”) today.
  • As of March 31, 2024, TMTG’s balance of cash and cash equivalents was $273.7 million.
  • TMTG earned $770,500 in revenue in the first quarter, largely from the Company’s nascent advertising initiative, which will continue to evolve as TMTG implements its vision.
  • Based on data provided to TMTG, as of April 29, 2024, the Company’s stock was held by over 621,000 shareholders, the vast majority of whom are retail investors.

Truth Social to Launch Streaming Platform

Retrieved on: 
火曜日, 4月 16, 2024

TMTG plans to roll out its streaming content in three phases:

Key Points: 
  • TMTG plans to roll out its streaming content in three phases:
    Phase 1: Introduce Truth Social’s CDN for streaming live TV to the Truth Social app for Android, iOS, and Web.
  • Phase 2: Release stand-alone Truth Social over-the-top (“OTT”) streaming apps for phones, tablets, and other devices.
  • Phase 3: Release Truth Social streaming apps for home TV.
  • “We’re excited to move forward with the next big phase for Truth Social,” said TMTG CEO Devin Nunes.

Trump Media & Technology Group Files S-1 Resale Registration Statement

Retrieved on: 
月曜日, 4月 15, 2024

As part of the Registration Statement, all securities being registered are either held by or underlie securities held by existing security holders of TMTG.

Key Points: 
  • As part of the Registration Statement, all securities being registered are either held by or underlie securities held by existing security holders of TMTG.
  • TMTG will not receive any proceeds from the resale of securities by the selling security holders pursuant to this Registration Statement and, except in connection with any possible future exercise for cash of any outstanding warrants, TMTG will not receive any proceeds from the sale of any securities registered on the Registration Statement.
  • The Registration Statement relating to these securities has been filed with the SEC, but has not yet been declared effective.
  • These securities registered may not be sold nor may offers to buy be accepted until the Registration Statement becomes effective.

Cranfill Sumner Launches MBM in Washington, D.C., with Partners Patrick Mincey and Stephen Bell and Christina Zaroulis Milnor, Former Assistant Secretary of the SEC

Retrieved on: 
水曜日, 5月 1, 2024

The new group, Mincey Bell Milnor (MBM) will focus on white collar, regulatory enforcement, high-stakes civil litigation, and representation of whistleblowers before federal agencies.

Key Points: 
  • The new group, Mincey Bell Milnor (MBM) will focus on white collar, regulatory enforcement, high-stakes civil litigation, and representation of whistleblowers before federal agencies.
  • “With MBM, we have landed a prominent government official, just exiting the SEC, paired with two nationally known white collar litigators.
  • We set it up this way so these lawyers could have the visibility of a boutique group with the platform of our larger firm.
  • We plan to continue to grow the practice from here.”
    Milnor has held significant roles at the SEC for more than a decade.

Trump Media & Technology Group Files 10-K Report

Retrieved on: 
月曜日, 4月 1, 2024

Trump Media & Technology Group Corp. (“TMTG,” NASDAQ: DJT), operator of the Truth Social platform, filed a 10-K report today with the Securities and Exchange Commission (“SEC”).

Key Points: 
  • Trump Media & Technology Group Corp. (“TMTG,” NASDAQ: DJT), operator of the Truth Social platform, filed a 10-K report today with the Securities and Exchange Commission (“SEC”).
  • The report discloses, among other items, the financial results of its business combination partner, Digital World Acquisition Corp. (“DWAC”), for the year 2023.
  • It is the first 10-K filed by TMTG since the company went public effective on March 26, 2024.
  • TMTG CEO Devin Nunes said, “We are excited to be operating as a public company and to have secured access to capital markets.

Trump Media & Technology Group Stock to Begin Trading Under Ticker Symbol DJT

Retrieved on: 
火曜日, 3月 26, 2024

SARASOTA, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (“TMTG”), operator of the social media platform Truth Social, announced today that after successfully completing its business combination with blank check company Digital World Acquisition Corp. (NASDAQ: DWAC), trading of TMTG’s common shares will begin on the NASDAQ stock exchange today. At market open, the ticker symbol will switch from “DWAC” to “DJT” for the company’s common shares.

Key Points: 
  • SARASOTA, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (“TMTG”), operator of the social media platform Truth Social, announced today that after successfully completing its business combination with blank check company Digital World Acquisition Corp. (NASDAQ: DWAC), trading of TMTG’s common shares will begin on the NASDAQ stock exchange today.
  • At market open, the ticker symbol will switch from “DWAC” to “DJT” for the company’s common shares.
  • For TMTG, the stock ticker symbol “DJT” pays direct homage to the company’s former Chairman and Director, and the 45th President of the United States, Donald J. Trump.
  • We believe that the commencement of trading of DJT on the public markets testifies to Americans’ demands for free-speech platforms that reject the stifling censorship imposed by Big Tech.

Truth Social: why Donald Trump’s social media ‘meme stock’ surged and fell by over US$1 billion within a week

Retrieved on: 
水曜日, 4月 3, 2024

Donald Trump’s social media platform, Truth Social, went public on Tuesday March 26.

Key Points: 
  • Donald Trump’s social media platform, Truth Social, went public on Tuesday March 26.
  • Shares in parent company Trump Media & Technology Group surged 15% after its first day of trading on the Nasdaq stock exchange, adding US$1.1 billion (£876 million) to the company’s value.
  • It appears that the Trump Media stock is yet another example of a so-called “meme stock”, whose popularity is driven by social media activities and memes posted on various platforms, such as Truth Social.

Meme stock explained

  • Read more:
    From GameStop to crypto: how to protect yourself from meme stock mania

    The Trump media stock is undoubtedly appealing to his loyal supporters, who appear to have fuelled the surge in price.

  • But meme stocks may attract a broader range of investors due to the social media hype.
  • That is why it is important to understand that investing in any meme stock or “meme coin” is a risky endeavour.
  • Surges in price that cannot be explained by any company fundamentals are called asset price bubbles.

How long do meme stock surges last?

  • This is because the price of a meme stock tends to simply fluctuate after the initial surge.
  • Trump Media stock plummets within a week of going public Only the long-term growth potential of an asset should be assessed to generate somewhat stable returns in the future.
  • However, the long-term stock performance is rarely assessed when it comes to meme stocks, as investors in these stocks tend to have a very short investment horizon.

Exercising caution

  • Yet there is still no clarity in regulation or consumer protection, and there has been no regulatory response to concerns about the environmental impacts of Bitcoin mining.
  • But recent research that I conducted with my colleagues shows that retail investors generally do not care.
  • Understanding that crypto is “unsustainable” and “somewhat unethical” does not decrease the odds of investing in crypto assets among retail investors.


Larisa Yarovaya is affiliated with the British Blockchain Association.

Rumble Cloud Launches to the Public

Retrieved on: 
月曜日, 3月 11, 2024

Rumble Cloud is designed to empower businesses to become independent from incumbent hyperscalers’ unfair pricing, vendor lock-in strategies, and censorship.

Key Points: 
  • Rumble Cloud is designed to empower businesses to become independent from incumbent hyperscalers’ unfair pricing, vendor lock-in strategies, and censorship.
  • Rumble Cloud, which provides the backbone for rumble.com , includes a portfolio of essential cloud computing services, available by self-service, including virtual machines and Kubernetes orchestration, block and object storage, load balancers, and a virtual private cloud option.
  • By providing an independent and neutral alternative to Big Tech, Rumble Cloud has already attracted prominent clients through its successful beta program, including Truth Social, which surged to number one in the Apple App Store last year while hosted on Rumble Cloud.
  • The new Rumble Cloud provides a neutral and independent cloud infrastructure to run our essential campaign applications, free of Big Tech and government censorship.”
    “The cloud market is desperate for real competition that isn't controlled by an oligopoly.