Truth Social - Keeping Communication Lines Open

Former Rep. Devin Nunes and Truth Social CEO discussed the creation of Truth Social, a social media platform by former President Donald Trump, aimed at keeping communication lines open for all Americans and people around the globe. The platform combines the best features of various social media platforms and focuses on free speech and access to the internet.

Trump Media Stock Price Plunge

Trump Media's stock price plunged by more than 17% in after-hours trading after the SEC declared registration of additional shares effective. The company anticipates raising up to $247 million in proceeds if all warrants are exercised. CEO Devin Nunes expects to pursue TV streaming and potential mergers with the funds.

Merger of Truth Social's Parent Company

The merger of Truth Social's parent company and a special purpose company was completed, forming Trump Media & Technology Group, expected to trade on Nasdaq as DJT. Devin Nunes remains CEO, aiming to reclaim the Internet from Big Tech censors.