What will happen to Donald Trump’s social media platform, TRUTH Social, in 2024?

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Ṁ3871

Jan 1

61%

Truth Social is subject to a civil or criminal government investigation

39%

Massive short selling causes the value of the stock to plummet.

36%

Trump manages to trade shares before the end of the lockup period

Elon Musk purchases or finances Truth Social

1.6%

Trump sells Truth Social

Truth Social is an app owned by Trump Media & Technology Group (TMTG) founded by Donald Trump.

Trump is facing over $500 million in fines from multiple legal cases; he’s desperate but also obsessed with the platform, which has been shockingly successful despite its unprecedented business model. Its owner is also the Republican candidate for president with a dreadfully anticipated election in 7 months.

Here are some recent, interesting articles about the situation;

Feel free to add answers but keep them newsworthy.

This question is managed and resolved by Manifold.

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If people can organize a movement to storm Area 51, then I can foresee people taking delight in pulling the rug out from under the guy who hates democracy.

bought Ṁ70 YES

@mikeangelo

This needs to resolve or N/A or clarify. He never owned all of it. Now it has been offloaded onto the public but he still owns a stake. Let’s say Elon Musk makes an offer for the whole company tomorrow. Truth Social board, which presumably thinks Trump is a great guy, calls a meeting and recommends shareholders accept the offer. Which could be great offer! Shareholders, 99% of whom think Trump is a great guy, 0.5% of whom think Truth Social is fantastic business model, and 0.5% of whom are unaware their financial advisor put their money into this, approve. Company now private and owned by Elon. I don’t THINK this not ridiculous scenario counts as “Trump sells Truth Social” but maybe I’m nitpicking.

@mikeangelo "The TMTG-DWAC merger does NOT close" should resolve as NO.

This can be resolved.

'Trump sells Truth Social' - must he sell his whole stake or merely any part?

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