Former U.S. president Donald Trump launches 'TRUTH' social media platform
Says some of the more measured coverage, from Reuters. Well, not exactly. Actually, it's that he will launch it, as soon as the company that's going to create it exists, after the finalization of a merger between the Trump Media and Technology Group (TMTG) and a company called Digital World Acquisition Corp, a "special acquisition company", the singular purpose of which is to buy TMTG for $293 million and list it on NASDAQ. Unless some shareholder in the acquisition company, run by former investment banker Patrick Orlando decides to take their shares back, and Orlando's track record in setting up special acquisition companies or SPACS is not a long or hope-inspiring one:
Orlando, who has worked at Deutsche Bank and BT Capital Markets, has launched at least four SPACs and has plans for two more, according to his firm's website and regulatory filings.
But none of the SPACs have completed a deal yet. A China-based SPAC that Orlando led failed last month to complete a merger with Giga Energy Inc that would have valued the transportation solutions provider at $7.3 billion, because it could not deliver the cash required, according to regulatory filings.
My bold. Also, TMTG, or as Trump Jr. called it yesterday in a Fox News interview,


















