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Things aren’t going so great for Trump’s Twitter clone.
Truth Social is hurting for cash and user growth and an SEC investigation into its go-public deal with a shell company called Digital World Acquisition Corp. has prompted users of the service to — what else? — call for the entire SEC to be shut down.
The hashtag #DWACtheSEC, a reference to Digital World’s stock symbol and a play for some on the word “whack,” is trending. There are calls to “defund the S.E.C.” Shareholders are preparing to petition the commission to end the “garbage” inquiry and approve the deal. There is even a call to pray for Digital World on a weekly video show on Rumble, a right-wing streaming media site that is a business partner of Trump Media.
‘Defund the S.E.C.’ Becomes a Rallying Cry on Trump’s Social Media Site
[The New York Times]
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