The mainstream media and Big Tech both hate Donald Trump and they continue to try to shut him down.
But Trump is fighting back and pulling out all the stops to ensure our country survives.
And the success of Trump’s new stock should be a warning sign to Big Tech and the mainstream media.
Trump launched a special acquisition company to launch Truth Social in early 2021
Donald Trump left office at the height of online censorship and was a major target of the Big Tech companies that were forcing their perspectives on the American people.
The former President vowed to disrupt their corrupt practices and reintroduce freedom of speech online.
The first move for Trump was to establish Digital World Acquisition Company (DWAC) with the stated purpose of raising funds to bolster a new social media platform called Truth Social.
The platform was brought to life by Trump Media and Technology Group (TMTG) in early 2022.
Truth Social quickly became one of the top free apps downloaded in Apple’s App Store.
But after DWAC’s plan to merge with TMTG came under fire by the media, the U.S. Securities and Exchange Commission blocked the merger from moving forward.
Truth Social meant to “serve as a safe harbor for free expression”
After a long wait, the SEC finally gave their nod of approval to the merger in February.
DWAC CEO Eric Swider called the moment a “significant milestone” for the company.
TMTG CEO Devin Nunes then made it clear where the merger was going.
“Truth social was created to serve as a safe harbor for free expression and to give people their voices back,” he said.
Nunes went on to say that now was the time for TMTG “to accelerate [their] work to build a free speech highway outside the stifling stranglehold of Big Tech.”
Shareholders at DWAC voted overwhelmingly to approve the merger and a new chapter for Trump began.
DWAC is now operating as TMTG and trading under the ticker “DJT.”
The new stock made its debut on Monday and the price surged.
Trump’s next plan could include an alternative to mainstream media outlets
The new DJT stock closed at $57.99 after its first day of trading, up 16% from the opening price.
This brought the company’s market cap to a staggering $7.85 billion and returned Trump to the list of Forbes’s top billionaires due to his 60 percent stake in the group.
The success highlights the popularity of the 45th President and his ability to rally the support of average Americans who are seeking to end online censorship.
But Trump’s group doesn’t just threaten the Big Tech censors.
It also seeks to dethrone the old guard in the mainstream media.
TMTG currently totes three separate brands: Truth Social, TMTG+, and TMTG News.
The company hasn’t made any specific announcements about the latter brands, but it’s only a matter of time.
The inclusion of TMTG News shows a clear motive to offer an alternative news source to the most well-known media brands in our country.
And after seeing the success of the merger, all of them should be preparing for what is to come.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
