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Truth Social’s Leap into Public Trading

A New Chapter for Free Speech

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Devin Nunes, CEO of Trump Media & Technology Group; and Donald J. Trump, former U.S. President. Photos by Gage Skidmore, CC BY-SA 2.0 via Flickr
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In a significant digital media and free speech advocacy milestone, Truth Social, the social media platform pioneered by former U.S. President Donald Trump, has officially transitioned into a publicly traded company. This development signifies a new chapter for the platform and amplifies its foundational mission: to serve as a defender of free speech in an era increasingly marred by censorship.

In a recent interview, Chris Salcedo of Newsmax and Devin Nunes, CEO of Trump Media & Technology Group (TMTG), a loyal supporter of Truth Social, expressed profound gratitude toward the network and its support throughout the platform’s journey. “It’s a monumental day,” Nunes declared, emphasizing the challenges faced due to political targeting but ultimately celebrating the successful navigation towards becoming a fully capitalized entity. With the trading to commence, Nunes highlighted transitioning from a research and development phase into a “real startup.”

Nunes’s vision for Truth Social transcends mere social networking; he envisions it as a comprehensive digital ecosystem where users are insulated from the threat of cancellation. This ambition, driven by a commitment to ensuring the internet remains an open frontier for discourse, positions Truth Social as a unique player in the social media landscape.

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Echoing Nunes’s sentiments, Chris Salcedo lauded Truth Social as a critical platform for American free speech. Salcedo’s remarks underscored the platform’s public trading debut, which proved proof of the resilience and dedication of its founders, supporters, and users.

Launched on February 21, 2021, Truth Social directly responded to the censorship practices pervading mainstream social media platforms. By championing free speech, Truth Social distinguished itself as an alternative venue for discourse, unshackled by the constraints imposed by other networks.

The public trading of Truth Social not only heralds a new era of growth and expansion for the platform but also represents a substantial financial boon for Trump. According to Bloomberg, the move has remarkably doubled Trump’s net worth, propelling him into the world’s 500 wealthiest individuals. This financial windfall underlines the significant impact of Truth Social’s market debut for its founder on free speech and digital media.

As Truth Social embarks on this promising new phase, its mission remains firm: to foster a digital environment where freedom of expression thrives, unencumbered by censorship. With its community’s support and its leaders’ vision, Truth Social stands to redefine the boundaries of social media and free speech.

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Chris Salcedo is a veteran broadcaster, author, and political analyst. His shows can be heard on AM 700 KSEV in Houston and on 820 AM WBAP in Dallas/Fort Worth, right before the great Rush Limbaugh Show. You can also watch your “Liberty Loving Latino” on Newsmax TV from 8 to 10 AM Eastern.

Watch the interview:

https://twitter.com/DanScavino/status/1772483154617471308?s=20
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