Trump’s Entertainment Venture Outperforming All Similar Companies: REPORT

Donald Trump sitting at desk

Former President Donald Trump’s entertainment venture is currently outperforming all other special purpose acquisition companies (SPACs), according to a recent market report.

Digital World Acquisition Corp (DWAC), the SPAC used to take Trump Media & Technology Group (TMTG) public, is outperforming all other SPACs, according to a market analysis by SPAC Research reported by Reuters. The company’s shares ended trading at $73.12 on Friday, giving the company a valuation of roughly $13 billion, according to Reuters.

A SPAC is a company that acquires private companies and lists them publicly on a stock exchange without the private company engaging in an initial public offering (IPO). In this case, Trump used DWAC to take his company public in order to raise funding for his social media venture, TRUTH Social, which he has billed as an alternative to major tech platforms like Facebook and Twitter.

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Thousands of Accounts Spreading Chinese State Propaganda Are Evading Bans from U.S. Social Media

A network of social media accounts spreading Chinese state propaganda is thriving on tech platforms despite social media companies’ attempts to crack down on foreign influence campaigns.

Over 2,000 accounts are involved in a coordinated propaganda campaign to spread Chinese regime talking points on U.S. social media platforms, according to a report from Miburo, a research collective that studies disinformation campaigns. The accounts disseminate false or misleading claims including the denial of China’s ongoing mistreatment of Uyghur Muslims in the Xinjiang region of China, as well as criticism of Guo Wengui, a Chinese dissident and financial backer of U.S. social media site Gettr.

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Commentary: Beware of Regime-Approved Whistleblowers

Ritual humiliation of social media companies is becoming something of a tradition. Most typically, social media CEOs are hauled before Congress, harangued for a day, promise to “do better,” and then go back to business as usual.

Last week a new kind of social media witness appeared: a whistleblower. Frances Haugen emerged with a great deal of fanfare, complete with a public relations firm, a verified account on Twitter, and a fawning entourage, including members of the press and Congress. But instead of denouncing social media for its excessive power, wealth, and hostility to traditional American values, Haugen pleaded for regulations that happen to align with the peculiar values and interests of Silicon Valley.

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Texas Governor Signs Law Preventing Social Media Companies from Banning People for Their Views

Gov. Greg Abbott signs law

Republican Texas Gov. Greg Abbott signed a law Thursday preventing social media companies from banning users for their political views.

The law, known as HB 20, prohibits social media platforms from banning or suspending users, and removing or suppressing their content, based on political viewpoint. The bill was introduced by state Sen. Bryan Hughes partly in an effort to combat perceived censorship of conservatives by Facebook, Twitter, Google-owned YouTube, and other major tech companies.

“Social media websites have become our modern-day public square,” Abbott said in a statement. “They are a place for healthy public debate where information should be able to flow freely — but there is a dangerous movement by social media companies to silence conservative viewpoints and ideas.”

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Louisiana’s Senator Kennedy Files Bill Targeting Social Media Companies That Promote Divisive Content

Lousiana Senator John Neely Kennedy

Louisiana U.S. Sen. John Kennedy has introduced a bill to limit protections for social media companies that secretly leverage user data to promote divisive content.

Kennedy, a Republican, blasted Silicon Valley behemoths such as Facebook and Twitter for “provoking” platform users and blamed the “manipulative” business practice for causing unnecessary social conflict.

“Social media giants are using people’s data to manipulate them into spending more time on their sites, but the price is a more polarized America,” Kennedy said in a statement. “It’s time to stop rewarding platforms that use their algorithms to target users with content that plays on individuals’ emotions without their consent.”

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Commentary: Deplatforming and Social Media Bias Toward the Left Could Lead to One-Party Rule

by Robert Romano   Thanks to social media and big tech companies, finding content on the Internet that you want has never been easier. Want to find your friends and family online? Log onto Facebook. Want to see what opinion leaders or celebrities are up to? Check out Twitter. Want…

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