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Trump Announces His Own Social Media
Published
4 years agoon
By
Editor
Former United States of America President, Donald Trump on Wednesday said that he’s launching Trump Media & Technology Group, TMTG, and a “Truth Social” app as a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise.
The announcement came nine months after Trump was expelled from social media for his role in inciting the Jan. 6 Capitol insurrection.
Experts were split on how strong a competitor Trump Media & Technology Group can be, but the stock market reacted with exuberance.
TMTG’s plan is to become a publicly listed company through a merger with Digital World Acquisition Corp., a type of company whose sole purpose is to acquire a private company and take it public.
Shares of Digital World Acquisition quadrupled Thursday in what some might see as validation for Trump, even though there’s a ways to go before the merger is completed.
“I’m personally not a Trump supporter, but this could lead to giant media presence,” said investor Ryan Joshua Keenan, who put $2,000 into the stock early Thursday morning and had already tripled the money by the early afternoon. “It’s been going up ridiculously.”
Trump has spoken about launching his own social media site ever since he was barred from Twitter and Facebook. An earlier effort to launch a blog on his existing website was abandoned after the page drew dismal views.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” he said in a statement Wednesday. “This is unacceptable.”
Conservative voices actually do well on traditional social media. On Wednesday, half of Facebook’s 10 top performing link posts were from conservative media, commentators or politicians, according to a daily list compiled by a New York Times technology columnist and an internet studies professor using Facebook’s own data.
TMTG has not set its sights low. In addition to the Truth Social app, which is expected to soft-launch next month with a nationwide rollout early next year, the company says it is planning a video-on-demand service dubbed TMTG+ that will feature entertainment programming, news and podcasts.
One slide in a TMTG presentation on its website includes a graphic of its potential competitors, which range from Facebook and Twitter to Netflix and Disney+ to CNN. The same slide suggests that over the long term TMTG will also become a power in cloud computing and payments and suggests it will go head-to-head with Amazon, Microsoft, Google and Stripe.
A Trump-branded social media portal would join a crowded space dominated by Big Tech-run portals like Facebook and Twitter. Still, everyday social media users tend to be on multiple platforms at once, so TMTG’s offering doesn’t have to necessarily peel users from other portals to thrive.
“This network will most likely be most successful in targeting far-right users, the same that left Facebook for ‘alternative’ social networks like Gab or Parler,” said Alexandra Cirone, assistant professor in government at Cornell University.
Trump’s new media outlet could also compete for viewers on conservative networks such as OANN, Newsmax and Fox News, she said.
Ali Mogharabi, senior equity analyst at Morningstar, who covers Twitter, Facebook and other social media companies, said Trump’s brand could initially give TMTG a leg up relative to other new social media sites going up against Facebook and other big players.
“Whether that’s going to be sustainable in the long run, that’s very uncertain.”
Mogharabi said next year’s mid-term elections could be pivotal in whether the social media platform succeeds.
“A lot of Trump supporters would probably go on there. Even more so in 2024, if Trump actually decides to run for president. Those types of future events could actually attract more users.”
For now, the deal is attracting stock traders. Shares of Digital World Acquisition soared $35.34, or 357%, to $45.50, and changed hands more than 475 million times. That compares with average trading volume of about 11 million shares for Twitter, which trade at around $65.
Digital World Acquisition, based in Miami, is a special-purpose acquisition company, or SPAC. Such publicly traded companies are designed to list the shares of a private company more quickly than a traditional initial public offering. In practice, that means the SPAC acquires a private firm and then changes its name and other details to those of the acquired firm.
“It’s been many, many months since there’s been a SPAC merger greeted with this amount of enthusiasm,” said Jay Ritter, a professor at the University of Florida who specializes in initial public offerings.
A SPAC pays for an acquisition with cash from its own initial public offering. DWA completed its initial public offering on Sept. 8. DWA said it has raised roughly $293 million in cash, which it will use to grow TMTG’s ventures.
The enthusiasm from investors came even though the SPAC deal was unusual in several ways. Announcements of such deals typically are accompanied by the actual merger agreement and a presentation to investors full of numbers and data.
In this one, the merger agreement was not there. And the “Company Overview” of TMTG on its website is light on details about its structure and finances.
“I don’t know enough to say it’s unprecedented, but it’s weird. Given a lot of things that happen with Trump are not great with details and formalities, it’s perhaps not surprising, but it’s not the norm in SPACs,” said Michael Ohlrogge, an assistant professor of law at New York University who researches SPACs.
Until the deal is completed, TMTG would not have access to the cash raised by the SPAC. And without additional details from the companies, it’s unclear what Trump’s role will be and how much he’ll be compensated.
The deal has an initial enterprise value, which measures total debts and assets, of $875 million, according to Wednesday’s announcement. Experts say it could take up to six months for the deal to close.
Digital World Acqusition is currently run by CEO Patrick Orlando, a Miami-based founder of the Benessere Investment Group. He owns 18% of Digital World’s stock, according to a recent regulatory filing.
Orlando has experience taking at least three SPACs public. One company, Yunhong International, had planned to buy a marketer of “carbon neutral” fuel cells and batteries, but a press release issued last month said the deal had been canceled without giving a reason.
Orlando declined to comment about Trump’s potential role in the new company to The Associated Press on Thursday, pointing the public statements, which provide no detail.
The last time Trump ran a publicly traded company, it didn’t end up well for investors. His casino company, Trump Entertainment Resorts, lost hundreds of millions of dollars over more than a dozen years and filed for bankruptcy several times, socking shareholders with big losses. Trump fared better. He took in $82 million in fees, salary and bonuses over the same period, according to Fortune magazine.
(AP)
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News
BREAKING: Tinubu Appoints New Federal Fire Service Boss
Published
2 hours agoon
July 30, 2025By
Editor
President Bola Tinubu has approved the appointment of Adeyemi Olumode, as the new Federal Fire Service, FFS, Controller-General.
The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary of the Civil, Defence, Correctional, Fire and Immigration Services Board, CDCFIB.
Jubril said the appointment followed the retirement of the current Controller-General, Abdulganiyu Jaji, on August 13.
Jaji is retiring upon attaining the age of 60 by August 13.
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Jibril further disclosed said that Adeyemi Olumode is qualified for the position, having attended and passed all mandatory in-service training, Command courses as well as other courses within and outside the country.
“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.
“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria, ANAN, Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria.”
News
[OPINION] Northern Amnesia: Governor Sani, The Table Shaker
Published
3 hours agoon
July 30, 2025By
Editor
By Israel Adebiyi
“When truth is buried underground, it grows, it chokes, it gathers such explosive force that on the day it bursts out, it blows up everything with it.”
— Émile Zola
There’s a kind of silence that settles over the land after years of failure. A silence made of shame, denial, and carefully chosen half-truths. In Northern Nigeria, that silence has become an institution — polite, predictable, and profoundly dangerous.
Then came Uba Sani — with words that cut through like harmattan wind.
At a recent citizen engagement summit in Kaduna, Governor Uba Sani did what few northern politicians have ever dared. He faced the region and told it the truth: “We failed our people.” Not they. We. All of us who have held power in the North in the past two decades, he said, must offer the people an apology.
In that single moment, he shattered the convenient forgetfulness the North has grown used to. He didn’t call out Abuja. He didn’t drag the South. He didn’t blame some vague colonial past or “outsiders.” He pointed the finger inward — and included himself.
That is no small thing. That is not politics. That is an act of courage.
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Because what Governor Sani spoke to is not just political miscalculation. It’s a generational betrayal. A betrayal that has left too many Northern children unschooled, too many women dying in childbirth, too many communities in darkness, and too many homes listening for the next gunshot.
Let’s stop for a moment and look at the evidence — not the emotion, but the math.
According to the 2022 National Multidimensional Poverty Index, nine of the ten poorest states in Nigeria are in the North. In Sokoto, over 90% of people live in poverty. Kebbi, Zamfara, Jigawa — same story. We’re not just failing; we’ve normalized failure.
And yet, this is the region that has held the most power in Nigeria since independence. Presidents. Military heads of state. Senators. Generals. Governors. Ministers. National Security Advisers. We’ve produced them all. But not the outcomes.
We’ve built palaces in Abuja, but not a working school in Shinkafi. We’ve padded budgets but abandoned hospitals in Birnin Kebbi. In some states, over 60% of children aged 6–15 have never seen the inside of a classroom. What kind of leadership allows this?
Northern mothers still die in delivery rooms at three times the national average, according to the latest NDHS report. Some rural health centres don’t even have paracetamol. The elites fly abroad. The poor bury their dead.
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Security? Forget it. From Zamfara to Katsina to Niger, bandits have made homes out of forests. Whole villages are ghost towns. And yet, most of the top military chiefs in the last decade came from this region. Who, then, is to blame?
Let’s talk money. The North is land-rich but cash-poor. While Lagos alone contributes over 30% to Nigeria’s GDP, most northern states struggle to hit 1%. But the same northern governors go cap-in-hand for federal allocation and call it development. Where are the industries? Where is the productivity?
This is what Sani is shaking — a region that has grown comfortable with underdevelopment and allergic to self-reflection.
Some elites have pushed back, of course. Former senators and political juggernauts who built their careers on recycled loyalty have tried to downplay his remarks. They say he was too harsh. That he forgot their “service”. That he shouldn’t “wash dirty linen in public.”
But if that linen hasn’t been washed for 40 years, where should it be aired?
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Let’s be honest — it is easier to blame Buhari, or Tinubu, or the South. But Sani refuses the easy route. He says: we, the North, are not victims here. We are architects of our own decline.
He refuses to play the amnesia game.
You can feel the discomfort in the air. He has stepped on toes — and many of those toes wear agbadas. But the truth is not about comfort. It’s about course correction.
This isn’t about just Uba Sani. It’s about whether the North still has the capacity to face its reflection. To see the rot — and clean house. To stop building dynasties and start building schools. To stop naming roads after ancestors and start giving roads to rural farmers.
Too many of our children are stuck in almajiri cycles while the children of the elite occupy UK universities. Too many of our mothers die in labor while wives of past governors set up foundations for photo-ops. Too many old names have stayed too long — and are grooming their sons for the throne.
That is what Governor Sani is fighting: not just silence, but the inheritance of silence.
He says, “Let’s apologise.” But apology alone is not enough. It must be backed with a plan. A Marshall Plan for the North — real investment, not campaign slogans. Functional education, not workshops. Security that protects, not retaliates. Jobs that empower, not enslave.
It must come with the rethinking of what power is: not title, not convoy, not prayer photos — but legacy measured in lives changed, not lives lost.
Governor Sani’s voice may be lonely now. But history listens to such voices. And perhaps, just perhaps, in that lone voice, the North might find a new beginning.
Because silence, when it becomes tradition, is nothing but consent.
And now, one man has dared to shout.
News
Edo Assures Pensioners Of Improved Welfare, Universal Health Coverage
Published
4 hours agoon
July 30, 2025By
Editor
The government of Edo State has assured pensioners in the state of improved welfare and universal health coverage.
The state deputy governor, Hon. Dennis Idahosa gave the assurance in Benin on Tuesday, during a courtesy visit to his office by members of the Edo State Chapter of the Nigeria Union of Pensioners (NUP).
In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa assured the pensioners of Monday Okpebholo’s led administration commitment to improving on the welfare of all citizens.
Idahosa said that the government remains upbeat and committed toward representing the interest of pensioners.
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“The Governor is committed towards the welfare of the pensioners of Edo State,” he stated.
Idahosa, who reacted to a request concerning the need to expedite payments of outstanding arrears to already screened pensioners cutting across local government and state level, pointed out, “The Governor is keen at clearing all outstanding arrears.”
Simirlarly, the assured that the pensioners of benefitting from the state universal health coverage.
He concluded with the assurance that the governor’s work would soon be visible to all across the state.
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The State Chairman of Nigeria Union of Pensioners (NUP), Comrade Samuel Okhuelegbe, who spoke on behalf of his executive, enumerated challenges of the union, which includes meager amount received as pension
He commended the state government for setting up a committee to review the Contributory Pension Scheme.
“The essence is to narrow the yawning gap in monthly pensions between counterparts, under the contributory Pension Scheme (CPS) as well as define benefits of the scheme.
“Though the report of the committee has long been submitted, the final outcome of the report should be considered in the interest of affected pensioners,” he appealed
He, however, sued for improved benefits for retirees going by the improved minimum wage as applicable to workers in Edo State.
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