And the overarching fact is that it will never be able to compete with. . . Twitter/X-itter.
Yet CEO Nunes went on Maria Bartiromo's show over the weekend, and this triggered an SEC filing -- because he made statements clearly intended to influence the DJT stock trading prices.
Here's a bit of that -- with actual truth, foot-noted:
. . .Well, you know, look, it's you know, we're the only game in town1.... I mean, obviously those companies have been around for, you know, a decade, two decades, sometimes longer. And, you know, after that we're the next big game in town, and we're the only one that's going to be able to compete with them2. So as you'll remember, one of the things we set out to do when we built True [sic] Social was we looked at what's the best of Facebook, what's the best of Instagram3, what's the best TikTok? What's the best Twitter? How do we put it into one app? Well, now we're doing something. Have been testing something that no one's done4. And that is how do you give a home? To cancel channels? To cancel documentaries? How do you put streaming into our app? That's something that we're testing. We have tens of thousands of people that are actually now using it. And Maria, what we're actually looking at is, you know, people are cutting the cord. So you have these legacy big, big companies, cable companies, satellite companies, etc. . . So how do we take the best of, say, a Netflix and Xfinity a sling? And how do you put that integrated into our app, where ultimately it can also be used to cut the cord as people want to get to more family friendly, pro-American type of content5. That's what we're going to provide6. Now, look, we're a home for everything. We're a home for everybody. . . .
And the foot-noted ACTUAL truths?:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
1. The "only game?!" They are nearly the smallest of some 25 games. . . "in town"!
2. With what capital?! $200 million?! Musk has already sunk over $49 BILLION into X-itter. That is the entry fee -- and DJT doesn't have one-one-hundredth of this admission price. Hilarious. [To be clear, even the 700 pound gorilla in the arena -- Twitter, isnt making money as a business (thus, Truth never will).]
3. The others (FB, Insta- and the rest) are intentionally NOT making it easy for Truth users to cross post. This is simple fence-building -- these others have no need and no desire to give a 500,000 person community easy crossings to their 400 million person platforms.
4. No one? Actually, Tik-Tok, Twitter, AND FACEBOOK already do. . . ALL of this -- with much bigger engagement numbers. They EACH host easy cross posting. Damn -- a churlish lie.
5. This clearly suggest that Truth has a contract, or series of them, to provide Netflix and Xfinity offerings DIRECTLY through the waifish platform. It hasn't even asked the content companies -- and they will NEVER give them this right. Ever. X-itter has (despite its flaws)... over 5,000 times as many regular users -- if such a deal is done, it will be there, not on Truth.
6. This is an affirmation, not a projection -- "we will" -- not "we intend to". When DJT fails to deliver it, it is... a completed securities fraud, as the stock keeps falling -- from $78, to now around $34 this evening. Damn.
Oh -- and I should add that various members of the former team have pled to being liable for insider trading -- but Devin says "Well, look, it's important to remember, Maria, that those numbers are based on what was the longest IPO in history. So we were over-regulated. . . ." No, son -- you are. . . a crime syndicate. . . being caught in a Quentin Tarantino style slow mo shootout / action scene.
Buckle up, butter-cup -- the SEC Enforcement staffers are on to you!
नमस्ते
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