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16.11.2023 - 02:55 / wccftech.com / Trump
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
In a dramatic turn of events, Truth Social's parent company, Trump Media and Technology Group (TMTG), has launched a scathing attack against a number of media outlets for publishing an entirely "fictitious" account of its financial results as part of the broader reporting on its impending merger with the SPAC Digital World (DWAC).
After posting a clarification on Truth Social, Trump Media and Technology Group (TMTG) has also filed a Form 425 with the SEC. The filing includes a screenshot of the Truth Social post.
Trump's media-focused entity blasted several media outlets for launching a "momentous smear campaign," one that involved publishing "utterly fictitious financial results for TMTG."
Bear in mind that a number of media outlets had reported earlier this week that Truth Social has lost $73 million since its inception, managing to bring in cumulative revenues of just $3.7 million. TMTG has termed these figures fictitious.
Trump Media and Technology Group has now issued over 20 retraction letters to these outlets to demand a public apology, threatening legal action should they fail to comply. Politico's Alex Weprin - who was one of the earliest leads - appears to have deleted his relevant X post in response.
As we noted in a recent post, Digital World filed the first amendment to its Form S-4 earlier this week. DWAC's amendment added a preliminary proxy statement and a prospectus to its Form S-4, indicating that the SPAC appears to be moving ahead with its planned merger with Trump Media and Technology Group, whose CEO Devin Nunes called this development "a monumental milestone toward completing the business combination."
For the benefit of those who might not be aware, TMTG's Truth Social app uses a Soapbox frontend and a customized, open-source version of Mastodon as its backend. In December 2021, the platform tapped the online video platform Rumble to provide video hosting services. Against a target of 81 million users by 2026, the platform currently has only around 6.5 million users.
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It’s been 10 years since Rick and Morty premiered on Adult Swim, and in that time it’s grown to reshape all of pop culture in its image through its idiosyncratic blend of dark humor, irreverent creativity, and well-written characters. Co-created by Justin Roiland and Dan Harmon, the animated sci-fi sitcom about the multidimensional misadventures of an alcoholic mad scientist and his hapless adolescent grandson has become one of the most important animated shows since The Simpsons in its heyday.
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The upcoming season will also supposedly be called Underground.
Fortnite's next season looks set to feature Metal Gear Solid's Solid Snake and Family Guy's Peter Griffin, according to a leak from Epic Games and Xbox.
Players were robbed of the chance to get a rare item in Fortnite earlier this month, but now the Competitor’s Time Brella is back for a limited time for everyone to pick up as a reward for doing very little in one of the game’s toughest game modes.
There's more bad news out of struggling gaming conglomerate Embracer: The company has confirmed that approximately 50 employees are being laid off from Chorus developer Fishlabs, and is also reportedly looking at closing TimeSplitters studio Free Radical Design completely.
I was genuinely surprised to see this RTX 4070 gaming laptop still available for less than a grand—then super-surprised to see that it was even cheaper today. Okay, so another $20 off the already excellent discount price isn't exactly earth-shattering, but damn, a proper RTX 4070 gaming laptop for just $980?
The Bikeriders has found a new home after reportedly being dropped by Disney and 20th Century Studios.
A brand new teaser for The Walking Dead: The Ones Who Live has dropped, and it looks like this spin-off may hold the key to some of our unanswered questions from the original show’s last few seasons. The teaser also reveals that the show will officially premiere on AMC on February 25, 2024.
After successfully porting the Naughty Dog PS2 classic, Jak and Daxter: The Precursor Legacy to PC last June, the OpenGOAL team has now done the same for its edgy, GTA-influenced sequel, Jak 2 (Jak 2: Renegade for you PAL region kiddies). Though still in beta, Jak 2 is playable from start to finish through OpenGOAL.
Turn-based RPG The Starbites: Taste of Desert will launch for PlayStation 5, Xbox Series, and PC via Steam in 2024, Korean developer IKINAGAMES announced.