Follow the money, folks. The biggest institutional investor in the Truth Social SPAC is Susquehanna Int’l Group. It was co-founded by GOP billionaire Jeffrey Yass, who is also a major investor in the parent of TikTok. Trump recently did a 180 on banning TikTok. Wonder why?
@rbreich Cowboys for Trump Founder Couy Griffin update and rumors of being on possibly list for consideration as Trumps Vice President… https://youtu.be/JRG4VYXok8A
@rbreich sussy wussy for sure but I don't care TOO much because banning #TikTok was always the wrong position to take. Been whining about this since day one.
@rbreich i can’t make sense of the valuation that puts each truth social user at $1000+ of value, sure, a lot of them are gullible fools easily parted with their money, but expecting an average return that high, for a social media platform, is quite unrealistic.
So yeah, the money has to be there for some other reason…
@rbreich last time I checked, the House Reps conveniently wants the owners of TikTok to be sold to American owners. Of course at least one group of wealthy buyers is lead by top Trumper Stephen Mnuchin.
Another prime example of the war on democracy. The insurrection continues. Billionaires and the GOP are allies are engaged in a slow motion coup. Their intent is an oligarchic kleptocracy similar to Russia. The 2024 election will determine what kind of nation our children grow up in.