Trump's Truth Social posts will have to wait before reposts on other platforms
Reuters
Published May 16, 2022 10:31AM ET
Updated May 16, 2022 12:51PM ET
(Reuters) - Donald Trump will have to wait for six hours before reposting his messages from social media platform Truth Social on other platforms, a regulatory filing revealed on Monday.
The platform was launched with the mission of standing up to Big Tech, after the former U.S. president was kicked off of Twitter (NYSE:TWTR), Facebook (NASDAQ:FB) and YouTube for allegedly inciting and glorifying violence during the Jan. 6 U.S. Capitol riots.
Billionaire Elon Musk, who has bid to buy Twitter for $44 billion, has said he would reverse Trump's ban on the platform, calling it "morally wrong and flat-out stupid."
Trump, who averaged 18 tweets a day when he was president, has said he would not return to Twitter even if reinstated.
He has revved up his messaging on the new platform to his millions of followers after a slow start.
"President Trump is generally obligated to make any social media post on Truth Social and may not make the same post on another social media site for 6 hours," Digital World Acquisition Corp said in a filing.
DWAC, a special purpose acquisition company which will take Truth Social's parent Trump Media & Technology Group (TMTG) public, filed the statement with U.S. regulators and said it expects to close the deal in the second half of 2022.
It also said Trump is free to sign offers for any new video production, but TMTG holds the right to recreate a similar program for subscription video service TMTG+ and will have to pay him for exclusive content for subscribers.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.