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Trump’s Entertainment Venture Valuation Explodes to $13 Billion Dollars

Facebook launched on February 4, 2004. In 2007, three years later, it had a market value of $1 Billion dollars. They were one of a kind and had no competition. It was a monopoly. TRUTH Social has not been launched yet by Donald Trump, but is scheduled to make its appearance on February 21st. Its market value has already hit $13 billion dollars. And remember, they have fierce competition on Facebook.

Imagine what kind of growth potential TRUTH Media has with his 75 million voters sure to join as well as all the millions of liberal trolls. Not only will they grow, but many of the advertising dollars now spent on Facebook will be finding their way to the new platform. The sky is the limit.

According to a recent market report, Former President Donald Trump’s entertainment venture is currently outperforming all other special-purpose acquisition companies (SPACs). A SPAC is a program where a company acquires a private company and then offers it to the public. Digital World Acquisition Corp (DWAC), is the SPAC being used to take the Trump venture public and it is now the largest one in any industry. Even back in private life, Trump is setting records.

Reuters is reporting that the market valuation of the SPAC has climbed to $13 billion dollars with shares finishing at $73.12 on Friday’s close. On January 7th you could buy shares for $60 dollars. And the day before that you could have bought shares for a mere $50 dollars. How high do you suppose those shares will be worth by the end of the year?

From The Daily Caller

Trump announced the launch of TRUTH Social in October 2021 as part of a larger entertainment, news and social media venture by TMTG. The platform, initially expected to launch in the first quarter of 2022, is intended to “stand up to the tyranny of Big Tech” and provide a space for viewpoints and voices often censored or suppressed by conventional social media companies.

DWAC’s stock soared following its announcement, and the share price climbed higher earlier this month after news broke that the company was planning to release its beta version on Apple’s App Store.

Former Republican California Rep. Devin Nunes, who joined TMTG after resigning from Congress, said Monday the company has begun exploring content moderation practices to ensure the site is “family friendly.”

TMTG also inked a deal with Rumble, a “free speech” video sharing platform, for cloud-hosting services and video streaming in December 2021.

1 Comment

1 Comment

  1. Tommy Holmes

    January 25, 2022 at 8:08 am

    Have not watched any major news outlets since the last Presidential election was stolen. Will be nice to tune-in to real news.

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