The merger deal bringing Donald Trump’s media venture public carries a range of risks for its investors, including permission for the former president to resume tweeting about politics on rival social media platforms he has denounced like Twitter, Bloomberg reports. Should Elon Musk follow through with his plan to buy Twitter and allow Trump back on the site, the ex-president would not be barred by his own media platform from posting on that platform and others.
Trump, who will be chairman of the combined company that will bear his name, is free to post on other sites about “political messaging, political fundraising or get-out-the-vote efforts,” according to a filing from Digital World Acquisition. The SPAC is buying Trump Media & Technology Group.
The ex-president doesn’t always have to post first on Truth Social and he’s given free rein on his personal and political conduct.
Shares of Digital World Acquisition were up more than 6% today after the SPAC’s SEC filing.
Among the cautionary statements, a survey cited in the Digital World filing said that only 30% of people surveyed would use a social media site associated with Trump. The SPAc also said the SEC may not let the deal go through. As chairman, Trump himself would a own a controlling interest in shares of the combined company if the deal is completed. Read more.
