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Even after Elon Musk said he planned to overturn Donald Trump’s Twitter ban if his acquisition of the social media company came to fruition, the former president didn’t show much enthusiasm for returning to the platform that helped him get elected. Now, an SEC filing sheds new light on hesitation.
A virtual global procurement corporation. The record shows that Trump must first post any social messages on Truth Social and then wait at least six hours before posting it on the social site.
Trump, however, can simply post a message from a non-public account related to political messaging, political fundraising or voting efforts on any social network at any time, according to the file.
Digital World Acquisition Corp has partnered with Trump Media
The dossier also offers a glimpse of the freedoms Trump will have to say whatever he wants about Truth, any repercussions of Digital World.
“Neither President Trump’s non-public nor political conduct, even if such conduct may harm TMTG’s reputation or trademark or be deemed offensive, dishonest, illegal, immoral or unethical, or otherwise destructive to TMTG’s logo or reputation, shall be deemed to be a violation of the License Agreement. ” Showing.
Trump will also have the strength to choose who sits on the board of directors and can potentially block issues that would require shareholder approval, adding the company’s acquisition.
And Digital World admits in its dossier that this may be just a challenge in the future.
“TMTG would possibly be subject to greater threats than typical social media or video streaming due to the concentration of its offerings and President Trump’s involvement,” the filing said. “These threats come with active discouragement from users, harassment from advertisers or content. suppliers, increased threat of hacking of the TMTG platform and increased shareholder demands.
This tale originally appeared in Fortune. com