Donald Trump’s planned digital-media venture could quickly become a serious competitor in a crowded field of right-leaning sites and social networks, thanks to the former president’s prominence and online following
The former president’s son, Donald Trump Jr., has been closely involved in the creation of the new company, which could quickly become a serious competitor in a crowded field of right-leaning sites and social networks.
Newsletter Sign-upMajor world and business news, including political events, takeovers.PREVIEWSUBSCRIBEA representative for Trump Media & Technology Group didn’t respond to requests for comment.Beyond Truth Social, the company plans to launch a subscription streaming service that would feature entertainment programming, news and podcasts. The company didn’t disclose any launch time frame or potential subscription cost for the service. Scott St. John, an executive producer of TV shows including “Deal or No Deal’ and “America’s Got Talent” who the company said was tapped to lead the new service, didn’t respond to requests for comment.
Mr. Trump kept political allies—and some of his political staff—in the dark about the foundation of the company, people familiar with the matter said. In recent months, his eldest son, Donald Trump Jr. , has taken an active role as a senior adviser to the new project and could have an executive role with the company, they said. The younger Mr. Trump has urged the company to use servers that would make it difficult for political enemies to target, the people said. Dan Scavino, a longtime aide and social media adviser for the former president, has had an informal advisory role on the construction of the social-media platform, they said.
Mr. Trump’s new venture will vie for attention with a bevy of websites and news channels that cater to conservative audiences, includingFoxCorp.’sFox News cable channel, Newsmax TV, the Daily Wire website and the Blaze, a media company started by the conservative media figure Glenn Beck. Fox Corp. and Wall Street Journal parent headtopics.com
News Corpshare common ownership.It will also compete directly with other social-media platforms targeting conservatives, such as Parler and Gab as well as Gettr, which was launched by former Trump adviser Jason Miller earlier this year. In an interview, Mr. Miller said he had been in talks with Mr. Trump over the summer in an effort to get him to join the service, but they
couldn’t come to the “right number.”Parler didn’t respond to a request for comment on the launch of Truth Social. Gab, meanwhile, said it supported Mr. Trump’s new network and said users could still follow the former president on his reserved Gab account.
Mr. Trump had 89 million followers on Twitter, 33 million on Facebook and 24.5 million on Instagram, a unit of Facebook, before his accounts were suspended earlier this year, according to a Trump Media & Technology Group presentation.SHARE YOUR THOUGHTS
How do you think Trump’s new media venture will fare? Join the conversation below.Existing conservative social-media platforms have much smaller user bases, according to app-analytics firm Sensor Tower. Three-year-old Parler has been installed by about 11.2 million smartphone users, compared with 1.1 billion for Twitter, which has been around for 15 years. Mr. Miller’s Gettr, which is just a few months old, has been installed by about 2.2 million smartphone users, Sensor Tower said. headtopics.com
Neil Patel, founder and publisher of conservative site the Daily Caller, said that Mr. Trump’s endorsement of the new venture would give it an initial advantage over some of its competitors in the conservative media sector.“It could get to some serious scale,” Mr. Patel said. “Now, would others besides conservatives use it? I don’t know.”
Alan Knitowski, CEO of Phunware Inc., an enterprise software company that worked on apps for Trump’s 2020 presidential campaign, said Truth Social may find an audience with Americans who believe the leading social-media platforms have overreached in moderating content.
Some content will still be off-limits on Truth Social, including posts that the company believes “disparage, tarnish, or otherwise harm” Truth Social or Trump Media & Technology Group, according to the company’s terms of service.“That strikes me quite clearly as an attempt to ensure that the site can’t be used by critics of Trump,” said Jillian York, director for international freedom of expression at the Electronic Frontier Foundation, a nonprofit civil-liberties group.
Chris Balfe, the former CEO of the Blaze, said in an interview that Mr. Trump’s streaming business could find success by signing up a large number of subscribers, adding that many subscription products aimed at conservative users have been successful. headtopics.com
“If this new service can sign up to 2 million subscribers, they could generate $240 million a year in revenue with minimal content expense,” Mr. Balfe said, assuming subscription fees of $10 a month.Investors have responded enthusiastically to the launch of Mr. Trump’s media company. Shares of Digital World Acquisition, the SPAC taking Trump Media & Technology Group public,
have risen nearly 10-foldsince the announcement.The SPAC has about $290 million that Mr. Trump’s media venture could use to fund its growth, though investors have the right to pull money out at $10 a share before the deal gets completed. They are much less likely to do that
if the stock stays above that pricesince they would be losing money by withdrawing. Read more: The Wall Street Journal »
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He wouldn’t know the truth if it hit him in the butt? I thought the WSJ researched stories before publishing. Obviously they haven't read their own story on how Trumps digital media venture may wind up in court because he stole the coding required to get his platform operational. Hmmmmhaaahmmmmhaaah.mmm?nhyyynaafhhuujmhaaayuujmmhfahaaAaahmnnnnhdaaaHhhhmmmnhfdAAaaahmmmmnhgaaaaaaahmmmmmmmhaaaaaaaaaaahmmmnmmhaaaa
If trump is known for anything, it’s his business acumen and history of success Trump lost end of story This country will never be able to heal with outlets like Newsmax, OAN, Breitbart, Fox News and other radical right-wing media that whip their listeners up into a frenzy then unleash them on our nation's Capitol. The best thing for this us would be for his media venture to fail.
Just another Trump grift. Hasn't he already lost one backer? WSJMurdochRag Or just another snake oil product Another way for Trump to swindle people out of money...can't wait for the crap he peddles on there... Y'all really love these twice impeached rapist racist loser Trump and his supporters are pushing the United States towards Nazi-style fascist tyranny!
A Shot at Social-Media Fame Lures 50 Million Contenders—and Lorenzo Mitchell“I have followers. I don’t have the money.' 50 million content creators are learning the long odds of getting rich on social media. Playing in the NBA might be easier. WHAT TO WATCH THIS WEEKEND?... Just dropped a NEW FASHION VIDEO pon de Tube, please check it out. LINK👇 Please subscribe and turn on Post Notifications, Thanks. weekend contentcreators ad follow youtuber smallyoutuber Video viral Trending An eye opener story. for bringing out the glaring truth. All that glitters is not gold DAO’s are hiring.
Ogah ! Goodbye all my invest future ! Please all company crash, collapse and bankrupt, really I like this ! I don't like invest again ! Sorry I stop all my invest future ! MANTAP kan ? For sure I and millions of Brazilians will enjoy it! We have had the covid19 from Chine...Dear Mr Trupid17 move your face from politics...you are aleardy 'has been' ! Due To your governance, USA lost 5 years from China and others countries ! Thanks for your understanding and go back To your tawer..😂😂😂
Cracker Barrel Media... No Not a hope in hell. Donald Trump’s planned digital-media venture could quickly fail leaving the sucker investors swindled. Interesting that other right wing sites which idolise him as their ‘prophet’ could soon have their profit and subscribers jump ship. Watch how they could start to turn against him. Sure it’s all about money and power.
Competition for other right-leaning sites, not FB or Twitter. Those sites are already struggling and TFG’s site will only add to the echo chamber. If the media wasn’t so obsessed with this douche, he and “truth social” would fade away into the abyss. Let it.
Louise Redknapp breaks social media silence following Jamie's surprise wedding to Frida AnderssonJamie Redknapp and Frida Andersson married in London on Monday surrounded by close friends and family
It could equally also be shite For some who bankrupted casinos, running a social media company into the ground won’t be a challenge. It's easier for Law Enforcement to keep an eye on this crowd if they all hang out in the same place. All social networks I magine there will be a lot of FBI agents signing up right away. Then it will flounder, then it will fail as Trump drains all the funding into his personal bank account. Because in reality it’s another scam like Trump University, or mail order steaks.
Nah. It'll be like his blog. It'll go nowhere. It's free speech. But, a whole legion of white people wait to go back to 1776 is not a good thing. For anybody. Investor cash to pay off previous debts. A Ponzi scheme. Don't be jealous lol... seriously? That things is dead before launch, that Moron can't do anything right... you people really don't pay attention to history at all.. you don't even need CRT to figure this one out. Everything he touches dies, you should know that by now.
When Teens Question Their Gender, Social Media Can Provide Support—and PressureSocial media has become a safe space for many teens to explore gender and sexual identity, but some teens feel pressure to make a choice, writes columnist juliejargon juliejargon Shaping ones identity as a teenager? I’m 35 and still don’t know who I am. Lower your expectations kids. juliejargon Great Time, is of great essence👌🏽 Buy yours today!👇🏽 juliejargon so this article observes how social media generally has a manipulative impact on teenagers, but then it takes this ubiquitous phenomenon to target the queer community interesting…
We support DonaldTrump Yep, more LIES! Bringing america closer to the drain! IDGAF Ahahahaha! What is “The best way to lose your money”, Alex? Hahahaha! Online regulation is coming. Anyone that invests in this domestic terrorist supporting venture gets to deserve losing all of their $$ and their eventual freedom for being super dumb and super seditionist
Thank you president Trump he should vlog in his car
What Quitting Social Media Taught MeHere are 6 ways her life changed after Aditi_789 logged off social media for a year Aditi_789 This captures everything so perfectly. We don't need SM to know what's happening in the lives of those in our 'inner circle', and there is really no point or value in knowing what's happening in the lives of those not in our inner circle.
Amanda Holden sets social media alight in tiny red bikiniAmanda Holden knows how to capture the attention of her followers and she sent them into a meltdown on Friday with a beautiful bikini shot
Here’s what’s really happening on social mediaNine teens share anonymously how apps such as Snapchat, Instagram, Twitter and TikTok influence their lives.