Nine months after being expelled from social media for his role in inciting the Jan. 6 U.S. Capitol insurrection, former president Donald Trump said Wednesday he’s launching a new media company with its own social media platform.
Trump says his goal in launching the Trump Media & Technology Group (TMTG) and its “Truth Social” app is to create a rival to the big tech companies that have shut him out and denied him the megaphone that was paramount to his national rise.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American President has been silenced,” he said in a statement. “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 talking big
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.
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 TMTG’s 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.
TMTG also takes some jabs at Trump’s previous favourite social network. Slides accompanying the Truth Social preorders listing in Apple’s app store depict a social network that strongly resembles Twitter, right down to short messages and user handles preceded by “@” signs.
The same graphics also feature a user named Jack’s Beard, who in one image fumes when an employee pushes back on an order to delete a user and its posts, calling it “kinda an overreach.”
The Jack’s Beard account uses the handle @jack, which is the real Twitter handle of Jack Dorsey, Twitter’s CEO; Dorsey’s long scraggly beard has also drawn attention during his congressional appearances over Zoom.
Terms of service
The terms of service for Truth Social, meanwhile, bar users from annoying any of the site’s employees and from statements that “disparage, tarnish, or otherwise harm, in our opinion, us and/or the Site.” It was not immediately clear who the “us” in that statement refers to.
In a release, the new venture announced it had been created through a merger with Digital World Acquisition Corp. (DWA), and said it seeks to become a publicly listed company.
DWA, 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.
Deal has initial value of $875M US
SPACs pay for their acquisitions with cash provided by investors who bought into the SPAC’s initial public offering. DWA’s Sept. 8 IPO raised $287.5 million US, according to a filing with the Securities and Exchange Commission.
DWA said it has raised roughly $293 million in cash, which it will use to grow TMTG’s ventures. Among the company’s biggest shareholders are several institutional investors, including Lighthouse Investment Partners, D. E. Shaw & Co., and Radcliffe Capital Management, according to an SEC filing. DWA said more details about the deal will be disclosed in upcoming filings.
The deal has an initial enterprise value, a measure that takes into account a company’s total debts and assets, of $875 million, according to the release. It still requires the approval of shareholders of both DWA and TMTG, as well as regulators.
Shares of Digital World Acquisition soared 94 per cent to $19.32 in morning trading.
Does your social media profile belong in your will? Why Canadians should plan their ‘digital inheritance’ now – Globalnews.ca
When you think about drafting your will, what valuable items immediately come to your mind?
Your house? Car? Financial savings?
What about your social media accounts, emails, or search history?
Experts say planning your ‘digital inheritance’ may have never crossed your mind, but its imperative you do it before you pass.
“When I’m doing estate planning and I ask questions about digital assets, I find that my clients are often a little surprised but very pleased to be asked about it,” said Andrew Higdon, senior associate and estate and trusts planning lawyer at KPMG Law LLP.
“There will be a moment of recognition where they’ll realize, ‘Oh, as a matter of fact, that is important to me.’”
Digital assets can be anything from your emails, private messages social media accounts, cloud storage, and photos to things like search histories, cryptocurrency, an online business, loyalty and reward programs, and even digital art.
With the increasing hold that digital technologies have on our lives, and the boom in cryptocurrency, the president of the Association for Media Literacy says the need to plan who gets access to your digital estate after you die has grown exponentially in recent years.
“This is something that I think has crept up on us, as so many things have in the electronic environment,” said Neil Andersen.
“I think it’s a looming problem as people, first of all, accrue a very large collection of electronic assets, and second of all, don’t leave instructions about how they might be disposed of after their death.”
Yes – that means planning your digital inheritance can include instructions on how to get rid of your assets, as opposed to just sharing them.
It may be hard to think of how to begin planning, so experts say a good start is listing all you digital assets, and thinking about which ones you want to pass on “regardless of whether they have large financial value.”
“Think about [your] grandchildren. They may not be generally very interested in the things that you’re doing. But in 20 or 30 years, they may be,” said Andersen.
No – you don’t have to be Mark Zuckerberg or Shakira to think about ensuring your digital assets. You don’t need to have an exceptionally large digital footprint or online presence, either, as Andersen says many individuals who seemed to be leading very “banal” lives were doing anything but.
Something as mundane as tax records, he says, ended up being an incredible resource for historians trying to piece together the past.
But if you’re still skeptical, maybe the dollar value will change your mind.
According to a Deloitte report published eight years ago, the average Canadian would have racked up $10,000 worth of digital assets by 2020. If they’re on the wealthier side? $50,000.
Now think about what would happen to all that money if you don’t leave someone in charge of it. (Hint: it will probably just sit there, collecting virtual dust.)
Which is why your next step, says Higdon, is to be extremely specific about who gets access to what, how they will handle the assets, and where you will leave all that info. (Another hint: probably best to leave sensitive info out of your will, says Andersen, as they are often made public.)
This brings us to social media accounts — which may not be as easy to pass on as they may seem.
While some sites like Facebook allow you to memorialize your account after your passing, it’s not the same as giving someone full access to your profile.
For that, you’d need to share the password, which is where things could get tricky.
Higdon says many social media sites have rules that prohibit sharing your password with anyone without the company’s permission, therefore reviewing the terms of service while you’re planning with a lawyer is a good idea.
But Andersen feels this calls for more policy revisions by social media companies to allow users more control of their digital assets after their passing.
So far, he says the the only movement his organization has seen on this issue has been by Apple, which is introducing a legacy contact option in its IOS 15.2 update fir iPhone and iPad OS15.2 beta
Individuals named as your legacy contacts can access part of your iCloud data after your passing with a security key. The key will only activate once Apple gets confirmation of your death, usually from a death certificate.
Just like you would with your brick-and-mortar estates, Higdon says you need to make sure your digital estate is up to date every three to five years.
But before you run off giving access to every single digital asset you own, Higdon and Andersen say think long and hard about the future privacy concerns you could face.
“It’s important to recognize that digital assets, unlike traditional property, have the potential to reveal all sorts of things about our lives. For that reason, a more focused approach needs to be taken. They need to be considered carefully as their own thing,” said Higdon.
After all, would you really want someone to have access to every single text message you’ve ever sent?
Social media giants grilled over your privacy and data
© 2021 Global News, a division of Corus Entertainment Inc.
Media Advisory: Premier Furey and Minister Osborne to Speak at Official Opening of Memorial University's Core Science Facility – News Releases – Government of Newfoundland and Labrador
The Honourable Andrew Furey, Premier of Newfoundland and Labrador and the Honourable Tom Osborne, Minister of Education, will bring remarks at Memorial University’s Core Science Facility official opening today, (Friday November 26).
The event takes place at Whale Atrium (CSF 1301), Core Science Facility, Arctic Avenue Memorial University, at 2:45 p.m.
NLVaxPass requirements will be in place for attendees.
– 30 –
Office of the Premier
Media Release – November 26, 2021 – Guelph Police – guelphpolice.ca
Stolen truck involved in two incidents
The Guelph Police Service is investigating after the same stolen pickup truck was involved in two separate incidents Thursday.
Approximately 2:40 p.m., a Guelph male called police to advise he had been involved in a road rage incident with two males in a blue Ford Ranger pickup. The caller advised he merged onto the Hanlon Expressway in front of the pickup at Speedvale Avenue West. The truck pulled alongside the caller’s vehicle and a passenger in the truck leaned out the window and used something similar to a metal pipe to smash the rear driver’s-side window of the caller’s vehicle.
Investigation revealed the Ford Ranger had been reported stolen from Wellington County. Anyone with information is asked to call Constable Robert Smith at 519-824-1212, ext. 7388, email him at email@example.com, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip online at www.csgw.tips.
Approximately four hours later, just after 7 p.m., police were called about an incident in the parking lot of a restaurant on Woodlawn Road West near Silvercreek Parkway North. A staff member advised a customer in the drive-through became upset about his order, driving erratically out of the parking lot and almost hitting two employees. The vehicle involved was determined to be the same blue Ford Ranger.
Anyone with information about this incident is asked to call Constable Konrad Babol at 519-824-1212, ext. 7189, email him at firstname.lastname@example.org or contact Crime Stoppers.
Male arrested in commercial break-in
A Guelph male was arrested Thursday in connection with a commercial break and enter earlier this month.
On November 13, two males forced their way into a business on Wellington Street West after using bolt cutters to remove a lock. Once inside they searched several offices and stole a quantity of electronics.
Investigation led to the identity of both suspects. One male was arrested last week and will next appear in court December 14.
On Thursday the second male was located at an address downtown and arrested. A 35-year-old Guelph male is charged with break and enter and breach of probation. He will appear in a Guelph bail court Friday.
Charges follow drive-through dispute
A Guelph male faces charges following a dispute in a south-end drive-through earlier this week.
Monday morning, approximately 6:35 a.m., there was an altercation between a motorist and a pedestrian at the drive-through window of a restaurant on Stone Road West. During the altercation, the motorist aggressively pulled forward so his vehicle was touching the pedestrian.
He also poured a bottle of water over her head and threatened to run her over. The pedestrian was not physically injured. The motorist was identified through surveillance video and Thursday turned himself in to the Guelph Police Service.
A 41-year-old Guelph male is charged with dangerous driving, assault and uttering threats. He will appear in a Guelph court December 31, 2021.
Copper stolen from south-end business
The Guelph Police Service is investigating the theft of a quantity of copper from a south-end business early Friday morning.
Approximately 2:25 a.m. police were called by an employee of a business on Southgate Drive. The employee advised he was watching live video surveillance of a male on the business property loading copper into the back of a blue Kia Soul.
Officers arrived 10 minutes later to find the gate to the property standing open but the suspect had already left. It is unknown how much copper was stolen.
The incident remains under investigation. Anyone with information is asked to call Constable Firas El-Ayoubi at 519-824-1212, ext. 7129, email him at email@example.com, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip for Crime Stoppers at www.csgw.tips.
Total calls for service in the last 24 hours – 218
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