Photo: Alamy
Trump’s media company recently completed its long-awaited merger with Digital World Acquisition Corp. (DWAC), and its access to capital markets has catapulted it toward a limitless future that could change the landscape of free speech platforms.
On Monday, Trump Media & Technology Group (TMTG) filed its 10-K report, revealing that the company has zero debt and $200 million in the bank, RSBN previously reported.
TMTG CEO Devin Nunes explained, “We intend to take full advantage of these opportunities to make Truth Social the quintessential free-speech platform for the American people.”
For President Trump, Truth Social is a triumph for free speech following his “cancellation” at the behest of mainstream social media platforms like Twitter and Facebook. In statements posted to the platform this week, he delves into his media company’s successful startup and gives a bullet-point overview of why the company is going places.
He wrote, “First of all, it is very solid, having over $200,000,000 in CASH and ZERO DEBT. More importantly, it is the primary way I get the word out and, for better or worse, people want to hear what I have to say, perhaps, according to experts, more than anyone else in the World.”
The 45th president pointed out that he had “hundreds of millions of followers on various platforms, and could have them back again, but was cancelled for largely political reasons.”
Trump noted that the seven million followers he has accumulated on Truth Social so far was “Very good for a startup, and growing fast.” He also made an excellent point: “But when I put out a statement or message, it is SPREAD all over the place, fast and furious. EVERYBODY SEEMS TO GET WHATEVER I HAVE TO SAY, AND QUICKLY.”
It is true that when President Trump posts statements to Truth Social they are quickly disseminated by media outlets and users across various other major social media platforms, thereby extending the reach of his platform.
When it comes to the naysayers about Truth Social’s potential, Trump advised, “So don’t believe the FAKE NEWS. Until I came along and exposed them, they were respected and believed. Now they are the exact opposite.”
Trump touted the power of his voice on Truth Social, which he said helped him win the Republican presidential nomination in 2024 and has also served to boost candidates whom he chooses to endorse.
“If it didn’t work, or properly get the word out, I wouldn’t use it – But it does work, and work really well – And the fun is just getting started!!!” he declared.