[ad_1]
Experts disagree on how powerful Trump Media Technology Group’s competitors are, but the stock market has responded enthusiastically
Some investors don’t wait to see former President Donald Trump’s A media company’s plan Challenging companies like Facebook, Twitter, and even Disney can actually become a reality—they are all there.
Trump said on Wednesday that he will launch the Trump Media and Technology Group and the “Truth Social” app, as rivals to rivals, companies that shut him out and refused to let him have the rise of his country The most important loudspeaker.The announcement was made nine months later Trump fired from social media Because of his role in inciting the Congressional uprising on January 6.
Experts disagree on the strength of Trump’s media technology group’s competitors, but the stock market has responded enthusiastically.
TMTG’s plan is to merge with Digital World Acquisition Corp. to become a public company whose sole purpose is to acquire a private company and list it. Digital World Acquisition’s share price quadrupled on Thursday, and some people may think this is an endorsement of Trump, although there is still a long way to go before the merger is completed.
“I’m not a Trump supporter personally, but this can lead to huge media influence,” said amateur investor Ryan Joshua Keenan, who invested in the stock on Thursday morning. 2,000 US dollars, which had tripled the funding by early afternoon. “It has been rising absurdly.”
Ever since he was banned from using Twitter and Facebook, Trump has been talking about launching his own social media website. Earlier efforts to launch a blog on his existing website were abandoned after the page caused dismal views.
He said in a statement on Wednesday: “We live in a world where the Taliban has a large presence on Twitter, but your favorite US president has been silent.” “This is unacceptable.”
Conservative voices actually perform well on traditional social media.On Wednesday, half of Facebook’s 10 best-performing link posts came from conservative media, commentators or politicians New York Times Technical columnist and Internet research professor, using Facebook’s own data.
TMTG did not look down. In addition to the Truth Social app, which is expected to be launched nationwide next month and early next year, the company also said that it is planning a video-on-demand service called TMTG+, which will Contains entertainment, news, and podcasts.
A slide in the TMTG presentation on its website includes pictures of its potential competitors, from Facebook and Twitter to Netflix to Disney+ to CNN. The same slide shows that in the long run, TMTG will also become a force in the field of cloud computing and payment, and that it will compete head-on with Amazon, Microsoft, Google and Stripe.
A Trump-branded social media portal will join a crowded space dominated by large technology operating portals such as Facebook and Twitter. Nevertheless, daily social media users are often on multiple platforms at the same time, so TMTG products do not necessarily have to separate users from other portals in order to flourish.
Currently, this transaction is attracting stock traders. Digital World Acquisition’s stock price soared by US$35.34, or 357%, to US$45.50, with more than 475.8 million changes of hands. In comparison, Twitter’s average trading volume is 11.2 million shares, with a trading price of approximately $65.
The last time Trump ran a public company, the results were not good for investors. His casino company Trump Entertainment Resort has lost hundreds of millions of dollars in more than ten years and filed for bankruptcy twice, causing heavy losses to shareholders.
Trump performed better. According to “Fortune” magazine, he received 82 million US dollars in expenses, salary and bonuses.
[ad_2]
Source link