January 11, 2022
SHOULD'VE HIRED THE COW:
Led By Nunes, Trump's Social Media Media Startup Falters (Kerry Eleveld, January 10 | 2022, National Memo)
In the meantime, Trump's "Truth" platform has fallen victim to a series of delays ranging from the dozens of hires necessary to staff it up to scrutiny from the Securities and Exchange Commission over a planned merger between Trump Media and a publicly traded company, Digital World Acquisition. Such mergers, made through a Special Purpose Acquisition Company or SPAC, typically take five to six months from the time the merger is announced to the time the deal closes, according to Michael Ohlrogge, an assistant law professor at New York University.Enter new Trump Media CEO Devin Nunes, the newly resigned California congressman and former dairy farmer who appears to have no credentials equal to the task of standing up a social media startup.Trump also didn't exactly hit it out of the park with his debut of TruthSocial.com last fall. The Post writes:The early version of the site was quickly taken down after pranksters posted a photo of a defecating pig under the username "donaldjtrump." Days later, the creators of the open-source social media software that the site used, Mastodon, sent Trump Media a letter saying Truth Social had violated the terms under which the software could be used.Following that debacle, a planned beta launch in November never actually took place. Apple's App Store pegs the expected launch date for the Truth Social app at February 21.Meanwhile, Nunes is reportedly burning up the phone lines with venture capitalists to get the lowdown on how to build a company.
The family business only ever got by on welfare money.
Posted by Orrin Judd at January 11, 2022 12:13 AM
