Recent meetings between Trump and Elon:
Trump and Jeff Yass (Major investor in TicTok):
Rumble CEO offers to buy TicTok as part of a Consortium:
Thoughts?
Comments (20)
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For the record - I own DWACW and RUM stocks. Not financial advice - do your own research.
Interesting take! I do believe the long-term play for DWAC/SOON TO BE TMTG, is to be an umbrella organization for many different types of media. From social media (Truth Social) to News Stations, TV Programming, Movie Production, etc. I can't recall exactly, but the initial investor package from 2021 showed a much bigger picture than just Truth Social. That was just a beachhead.
This is not financial advice, I do own DWAC, mainly as a giant FU to Big Tech and MSM and the hopes it blasts off and I get to swim in some cash someday. Consider talking to your own financial adviser frens.
On the news that DWAC received SEC approval and the vote to merge with TMTG and change names to TMTG this month occurred, I believe I saw reports that Trump's stake in the company jumped to a $4 Billion dollar value. This is before anything has actually happened. Imagine if things take off how high the value might go. I am thinking Trump will bet on himself, he always has, and knows he can take this thing to a much higher valuation.
IF Trump were to sell his shares in TMTG I suspect he would do so at their top value and not at the current speculative valuation. He has spent his life buying low and selling high like most successful investors and developers. I don't see him changing that now.
As for the Washington Post, they are CIA disinformation conduits so I don't believe a word they say. It's pure propaganda. And as the TMTG spokeswoman said in the MSN article...
Master class in trolling - have the Washington Compost quote a TMTG spokesperson saying their paper has no value.
A merger sounds terrible. When all of the independent social media apps are separated it's harder to contain them all, but if they all merge into one conglomerate it makes it easier for the deep state to kill it all in one felt swoop.
They should all remain their own separate entities.
How many social media brands are under the META umbrella? How about Google? How many are controlled indirectly by AWS? Rumble is already working jointly with Truth Social. It's not a level playing field and the small guys go belly up, get drivel into obscurity, or get bought out by the big tech companies. I don't like it, but that's the reality What happened to MySpace? How about Parlor? Getter? Voat? I'd rather have a big-tech working for the MAGA agenda then censoring it.
which brings in the competition. When the field is level the free market paves the way. Or something like that....that's what it used to be. Once upon a time.
Yes but again, once it becomes a conglomerate, it can more easily be taken down or even infiltrated.
When Truth Social, X, Rumble, TikTok, etc are all separate, what's the worst that could happen if say X becomes tainted? At least we have all of the other options to go to.
But if they're all one conglomerate? Then the entire thing becomes tainted and you're left with no alternatives.
Think of it this way, back when Facebook was buying up Instagram, What'sApp, Oculus, etc nobody batted an eye. Now in hindsight, we all realize how every single one of these apps/companies are tainted now because Meta as a whole is tainted.
See where I'm getting at?
Those companies where bought up because they could not compete against META so they faced the option to sell-out or be driven out. Think of what happens to all the small locally owned shops when the first Walmart in the area opens up. They can't compete with Walmart prices and they especially can't compete with the variety of items in stock. Now think about it from the income side of things, Social media companies derive most of their revenue via advertisements and selling user data. Which social media companies get the lions share of advertisement and why? Why do companies choose to advertise there? The more users a social media platform has, the more data they are able to collect and the more useful that data is because it's not isolated to one subset of the population.
I get what you're saying but those companies that Facebook bought out weren't even competitors of Facebook. Instagram was a photo editing app, Oculus was a startup VR technology company, WhatsApp was just a private messenger.
It wasn't a situation of "They couldn't compete so they were forced to sell-out" because they weren't even competing to begin with, they were doing fine on their own. Facebook took them, bought them and tainted them.
Now if X, TikTok, Rumble, and whatever else decide to "merge" into one conglomerate, what happens when that 1 centralized entity becomes tainted by one bad CEO or gets bought out by a company like Meta? Then it's game over.
Whereas the alternative.. If they all stayed separated, what's the worst that happens if TikTok gets tainted? Well, you still have Truth Social, X, Rumble, etc to go to as a worst case scenario. AND, keeping all of the players "small" allows more room for competition as well for even more free-speech apps. Because if a free-speech app came out tomorrow and they were competing with some TikTok/DWAC/X/Etc conglomerate, they'd be obliterated.
They were competitors because they were competing for advertising dollars - that's how meta makes it's money. imagine this scenario: Meta comes to your company with a proposal to buy you out - they want your technology because they see the potential it has. Now, being the CEO being offered a butt-load of dough by this huge company you start seeing the writing on the wall - Meta wants to move into your AO and they have the resources to do it on their own and put you out of business or at least take a huge chunk of your market share...or you can take the money and run off to paradise. Walmart moving into a small town...
I disagree. If merged, they scales of economy become maximized. It becomes a free speech powerhouse. Google and Meta will eventually crash. At least portions of their business units will.
It is my experience ... When competition is eliminated society descends into mediocrity. Creativity and innovation is stifled. Competition separates the industrious folk from the dull lazy folk. As a young man traveling cross country, it was exciting to listen to radio stations in different parts of the US. The playlists were different from town to town. When a song did make it across the nation it was likely a payola song. When radio became consolidated, We were bombarded with ugly crappy music. Monopolies serve the 1% and leave the rest scrambling for crumbs.
Yes, but in uncharted territory - free speech platforms - it becomes a first to market situation. Fast mover advantage. I get your point of view, but I'm an entrepreneur and I'm about 1+1+1= 10. I think that's what were looking at.
Monopolies wreck entrepreneurs. Monopolies are about central control of resources limiting introduction of new products and ideas. Not good for entrepreneurs. Media Monopolies restrict freedom of expression and opportunity. Media should not be run by a handful of companies. I am not a big fan of
Even if all those entities merged, it would be nowhere near a monopoly when compared to Meta and Google.
Otherwise, I agree.
Mergers limit options for consumers and are subject to price fixing schemes. Mergers place limits on who can and can't participate in their controlled market. I don't use Google or meta products except youtube. There are alternatives to all their services. Google ruined face youtube. Evil always seeks to hinder growth rather than improve their products.
Yeah, got a lot of DWAC myself. I'd love to see the merger finalized and immediately enjoined in a consortium as such. It's all about free speech for me. And future dividends. I'll never sell. It's the principle of the matter.
Rumble is introducing a cloud solution 🤔
I have DWAC and rumble stocks with the belief that some kind of mash up like this would happen.