Alt-tech

Parler is back, baby. After a year-long hiatus from the web, the conservative social media site has returned to the internet, and this time its new owners are promising it won’t become the radical rightwing hellscape it was when it left. Tesla Investors Not Happy With Mr. Tweet's TweetsParler has been offline since last April when it was bought by a media conglomerate and was subsequently shut down in the hopes of revamping and resurrecting it. Prior to its procurement, the site had been struggling. This week, as part…

The parent company of Donald Trump’s social media company, Truth Social, could soon become a multi-billion dollar public company, depending on a vote scheduled for Friday. Trump could stand to gain over $3 billion if the proposed merger goes through, which could be his ticket out of some hefty legal bills.The shareholders of Digital World Acquisition (DWAC), a special-purpose acquisition company formed to facilitate a private company going public, will vote on Friday on whether to approve the merger with Trump Media and…

The Securities and Exchange Commission (SEC) gave the green light on Thursday for a merger between Donald Trump’s social media company and the special purpose acquisition company that will allow it to become a publicly traded company, according to a new report from the Wall Street Journal.The Elon Musk Twitter Saga, Part 1 of Who Knows?The SEC declared effective the Registration Statement on Form S-4 for the proposed business combination between Trump Media and Technology Group and Digital World Acquisition Corp after…

Less than two years after it launched, Donald Trump’s social media site, Truth Social, might be headed for the internet graveyard. New federal filings show that Truth, like a lot of Trump businesses, has lost massive amounts of money ($73 million, in this case) and is drifting, inevitably, toward insolvency. The site’s business partners seem worried it won’t recoup its losses anytime soon.The embarrassing financial news was laid bare in a Securities and Exchange Commission filing made this week by Digital World…