Former U.S. president Donald TRUMP ; 2021.10.21
launches 'TRUTH' (Twitter clone) social media platform (SNS).
Actually , my view , this seems rather clever by TRUMP.
Please read SPOILER below for added observations.
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Apparently , TRUMP , will get MONEY immediately.
On the 'surface' of it , count me as IMPRESSED.
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Trump Media & Technology Group will receive *** $293 Million USD *** in CASH , that (DWAC) Digital World Acquisition Corp (a 'SPAC' investment situation) had in trust , assuming no shareholder of the acquisition firm chooses to redeem their shares, according to the statement.
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So , TRUMP likely gets almost $300 Million USD in CASH from DWAC firm ... And can likely do mostly whatever he wants with it ... As long as the SPENDING of the MONEY 'remotely relates' to 'building out' the 'TRUMP TRUTH NETWORK' (if you will).
So , I can see TRUMP hiring *STEVE BANNON* as a $1000 per hour 'Special Consultant' ... And , *BRAD PARSCALE* would be another likely hire too ... So , 'TRUMP TRUTH NETWORK' investors maybe get the thrill of seeing a photo of TRUMP , BANNON , and PARSCALE , *GOLFING* together at the private TRUMP GOLF CLUB ... While simultaneously exchanging 'Brain Storming' notions about the 'TRUMP TRUTH NETWORK' ... And getting PAID (BANNON and PARSCALE) say $1000 Per Hour for doing that ???
But , it is also clever , in that TRUMP can use this 'TRUMP TRUTH NETWORK' to identify those who HE can try to get them to give *BIG MONEY* (contributions) to the notion of putting TRUMP back in the WHITE HOUSE as USA PRESIDENT again ... So , try to identify more individuals like (wealthy) MIKE LINDELL ('My Pillow' firm = TV Ads) ... And see IF you can get them to finance TRUMP's '2024 THE REVENGE' (USA PRESIDENT) situation.
This seems to work well for TRUMP on a LOT of levels from a MONEY standpoint (my view).
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www.investopedia.com/terms/s/spac.asp
Special Purpose Acquisition Company (SPAC) ; Definition
www.washingtonpost.com/technology/2021/10/21/trump-truth-social-fake-accounts/
Pranksters have already defaced TRUMP’s new social network
'TRUTH Social' has some unusual rules for a Trump-run site:
It reserves the right to ban users and safeguard itself
from lawsuits with (Legal) Section 230 protections
It also prohibits ‘excessive use of capital letters.’ ; 2021.10.21
(Reserved for Feedback Replies , Observations , Information)
forum.allkpop.com/thread/?postID=1912012
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