Digital World Acquisition Corp blew investors’ minds on Wednesday when it unexpectedly announced it would acquire Trump Media & Technology Group (TMTG). Since then, $DWAC has soared over 846%. Today, as TRUTH Social’s beta went live, it did a double.
Trump commented on the launch of TRUTH Social’s beta: “I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!”
However, while the stock continued to rally today, TRUTH Social was hit with a legal warning from Mastodon. The open-source social media platform claims TRUTH violated its software licensing agreement. The company plans to give TRUTH 30 days to comply with the license’s terms before moving forward with legal action.
In the last few hours, things took an even weirder turn: TRUTH was hacked by a group claiming to be the hacker group Anonymous. The group trolled the site, posting explicit images and content, claiming they did it as an “online war against hate.”
Between TRUTH Social’s licensing issues and today’s hack, this is shaping up to be quite the explosive drama. 💥
$DWAC is down 13.46% in AH.