Trump's Truth Social Is Going Public

An anonymous reader quotes a report from Wired: Former president Donald Trump'sTruth Social, a shameless Twitter clone, is set to become a publicly traded company as soon as next week. Shareholders of Digital World Acquisition Corp. voted on Friday to merge with Trump Media and Technology Group, the company behind Truth Social. The vote is a culmination of a years-long saga attempting to merge Trump Media with a publicly traded company in what's known as a SPAC deal. The company will trade under the ticker DJT once it goes public. Truth Social looks nearly identical to Twitter, with some key distinctions. Instead of 'tweeting,' users post a 'truth.' A 'retweet' is called a 'retruth.' Unlike many right-wing Twitter clones, the site functions well, has remained mostly online, and actually appears to have a somewhat active user base. But since launching in February 2022, after Trump was kicked off of mainstream platforms for inciting violence during the January 6 riot at the Capitol, the company has been mired in controversy.

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