Trump Media’s Achilles’ Heel

Donald Trump
Photo by STR/NurPhoto via Getty
Tina Nguyen
February 24, 2022

Over President’s Day weekend, the Trump Media Technology Group soft-launched their first product: Truth Social, the long-anticipated, Donald Trump-backed social media platform that investors hope will rival Twitter and Facebook. Well, they tried to launch it, anyway. Although the mobile app was approved for Apple’s App Store, the company itself was forced to bump its official launch date by a month, and the app initially crashed whenever people tried to sign up for the waitlist. (It’s been four days, and I still can’t get past a 405 Error page.) These inconveniences, however, didn’t stop the SPAC that intends to merge with TMTG from exploding in value: in a single day, Digital World Acquisition Corp.’s stock price, already up around 700 percent since the merger announcement, spiked another 17 percent.