Truth Social: Is Donald Trump’s Social Network Reaching An Endgame?
The Mastodon variant known as Truth Social has served as Donald Trump’s virtual vent-fest for almost two years now.
However, its existence could be coming to an end as early as next week.
Under the terms of the deal, announced in October 2021, Trump’s Trump Media & Technology Group was destined to merge with Digital World Acquisition Corp, a special-purpose acquisition company, or Spac.
But shareholders in Digital World are now being asked to give the company another year to complete the deal. If they refuse to do so at a meeting on 8 September, the enterprise may never become the $1.7bn company it once envisioned. (...)
If shareholders fail to approve an extension, Digital World will be required to liquidate and return $300m it raised, leaving Trump’s Trump Media & Technology Group with nothing from the transaction. (The Guardian)
Although de-federated, Truth Social is a top 30 instance, & its size is second to Minds by user registration count.
But if Truth Social shuts down due to fiscal reasons, where will millions of those users go‽ Which instance online would tolerate millions of Trump fans uttering nonsense into cyberspace‽
While Brighteon (a de-federated Mastodon variant) & Minds (who recently entered the Fediverse) would be logical guesses, I suspect most of Donald’s devoted fans will follow Trump upon X (formally known as Twitter.
Image Credit: Nick Anderson on Reform Austin
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