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Marjorie Taylor Greene buys up to $50k of shares in company behind Trump’s Truth Social


Trump ally Marjorie Taylor Greene has piled into the former president’s social media platform, it emerged on Wednesday, loading up with as much as $50,000 worth of shares in the company linked to the project.

Last week Trump unveiled his plan for Truth Social, a social media platform along with a streaming service, web services and payment processing companies.

Under the proposals, his Trump Media & Technology Group will merge with the publicly listed Digital World Acquisition Corp.

Greene, a Republican with a taste for sharing conspiracy theories, bought between $15,000 and $50,000 of shares in Digital World Acquisition Corp. as their price surged on Friday, according to a financial disclosure filed on Tuesday.

It does not indicate how much she paid. But she bought them on a day when their price hit $175 – or more than 1,600 percent more than their price two days earlier – before falling back to about $68 on Wednesday afternoon.  

‘This transaction was reported in compliance with House rules and provides all required details about the transaction,’ Greene’s office said in a statement to FOX Business.  

Former President Trump

Trump ally Marjorie Taylor Greene has piled into the former president’s social media platform, it emerged on Wednesday, loading up with as much as $50,000 worth of shares in the company linked to the project.

A financial filing shows the Greene spent between $15,000 and $50,000 on the stock

A financial filing shows the Greene spent between $15,000 and $50,000 on the stock

Greene has played down the events of Jan. 6, when the former president’s supporters stormed Congress, as ‘just a riot’ and backed Trump’s unfounded claims that last year’s election was stolen. 

Trump has been barred from Twitter and Facebook ever since.

He finally unveiled his alternative last week.

A new Morning Consult poll found that a majority of Republican say they plan to use his Truth Social platform.  

It reported that some 63 percent of party supporters said they would use it at least some of the time, indicating his continuing hold on the G.O.P. – with 15 percent saying they would use it a lot.   

On Tuesday, he claimed he was ‘the only person in America’ equipped to challenge what he described as Big Tech ‘censorship.’

‘The more I looked into this problem, the more I realized that to restore free speech, a major new platform would have to enter the market, with an ironclad commitment to protecting vigorous debate from all sides,’ Trump said.

He added that any plan that’s ‘totally independent of Big Tech’s infrastructure’ would be costly and need to ‘rapidly attract millions of users, welcoming not only Republicans to join, but Independents and Democrats as well.’

‘It’s a tremendously difficult set of challenges—and I realized I might be the only person in America with the megaphone, the resources, the experience, and the desire to make it all happen,’ he said.

‘So with the same “can-do” spirit that has always allowed Americans to persevere, that is exactly what I am doing.’

Trump Media & Technology Group has no revenue or tested business plan but has raised nearly $300 million in investor cash. 

Trump’s social media company Truth Social is set for a wide launch in early 2022

Trump Media & Technology Group’s merger deal

Trump Media & Technology Group will merge with Digital World Acquisitions Corps to launch a social media and video streaming services tailored for conservatives and supporters of former President Donald Trump. 

DWAC is a Miami-based special purpose acquisition company with a $293 million trust to finance TMTG’s launch as a publicly traded company. 

TMTG is expected to have an initial value of $875 million, with a potential additional earnout of $825 million, combining to a total $1.7 billion.  

But the company has hit early turbulence when stocks in DWAC, the company that’s publicly listing Trump’s business on the market, sank back down to about $68 after frenzied excitement last week.

Truth Social got off on a rocky start last week when its beta site was hacked hours after it was announced.

Tech reporters were able to find the site, despite its URL not being public yet, and set up mock accounts representing Trump and Mike Pence.

Trump, who is chairman of Trump Media & Technology Group, had announced the site would launch in early 2022.

The public URL was soon taken offline and fake accounts were promptly banned.

Additionally, pranksters made a fake Trump account and used it to post the meme image of ‘pig poop balls,’ according to Washington Post reporter Drew Harwell.

The TRUTH Social app is currently available for pre-order on the Apple App store, with plans to launch a beta version for testers in November. 

On Trump Media & Technology Group’s website, the company outlines its goal to ‘create a media powerhouse to rival the liberal media consortium and fight back against the Big Tech companies of Silicon Valley.’

It aims to disrupt a broad swath of media businesses, naming Facebook, Amazon, Apple, Netflix and Google among others.

Alongside his social media site Trump also aims to launch an on-demand streaming service called TMTG+ which promises to provide ‘non-woke entertainment.’

A 22-page presentation publicly available on the company site details why it claims the circumstances are right for its brand, without going into how it intends to see those ambitious goals through.



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