The Lie In Truth Social: Fox News Disowns Verified Account In Donald Trump’s Socmed Platform

The irony is hitting hard for former US President Donald Trump’s recently launched social media site Truth Social. After CEO Devin Nunes posted that the conservative news outfit Fox News has joined the site, a spokesperson from the network denied owning the said account.

“We aren’t on Truth Social,” said the company’s spokesperson.

Truth Social screenshots

Following Nunes’s claim of Fox News joining the platform, SPAC Digital World Acquisition Corp (Nasdaq: DWAC)–with whom the Truth Social has a pending US$875 million merger deal–rallied on the Nasdaq.

Although Nunes said that the account is an RSS feed for the news company, the account had a verified red checkmark–similar to Twitter’s blue check. Many Truth Social accounts bear the names of media outfits but they are usually tagged as ‘BOT’ along with a disclaimer that it is merely an aggregator feed of content outside the platform. These accounts–not bearing the verified checkmark–are not managed or connected with the actual media firms.

On the other hand, the blank check firm DWAC filed its 2021 financials on Wednesday, reporting a cash balance of US$327,731, a current liabilities balance of US$683,535, and a net loss of US$1.4 million. These are significant changes from last quarter’s counterparts: US$1.5 million in cash, US$214,117 in current liabilities, and US$159,170 in net loss.

DWAC last traded at US$49.04 on the Nasdaq, then fell 4.6% pre-market.


Information for this briefing was found via Axios and Seeking Alpha. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

DWAC Soars; Investors Seem to be Ignoring Significant Regulatory Uncertainty

Former U.S. President Donald Trump’s SPAC stock, Digital World Acquisition Corp. (NASDAQ: DWAC) spiked 14%...

Wednesday, January 12, 2022, 03:42:00 PM

Fox News Alleges Tucker Carlson Violated Contract with New Twitter Show

Fox News has accused former host Tucker Carlson of breaching his contract by launching his...

Thursday, June 8, 2023, 09:54:26 AM

Ontario’s Ford Says ‘Man Was I Wrong’ About Trump

Ontario Premier Doug Ford admitted he “was wrong” about Donald Trump as he imposed a...

Monday, March 10, 2025, 10:59:00 AM

Trump Win Sparks $1 Billion Outflow from World’s Biggest Gold ETF

SPDR Gold Shares (NYSEARCA: GLD), the world’s largest gold-backed ETF, saw a major shift as...

Tuesday, November 12, 2024, 12:01:00 PM

Israeli Outlets Report Trump-Netanyahu Gaza Deal

Israeli media outlets reported Thursday that President Donald Trump and Prime Minister Benjamin Netanyahu agreed...

Friday, June 27, 2025, 10:17:00 AM