Monday, October 6, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

MAGA Is Back: Donald Trump Announces 2024 Presidential Bid, And Biden Is [Kinda] Prepared

Opposing term limits in Congress, abolishing Joe Biden’s COVID policies, and paper ballot-only elections–a preview...

Wednesday, November 16, 2022, 07:46:00 AM

Did Donald Trump Just Implicate Himself in a Fox Interview?

In a recent interview with Fox News, former President Donald Trump provided an explanation for...

Tuesday, June 20, 2023, 12:48:00 PM

Trump’s Proposed Canadian Oil Tariffs Could Surge Gas Prices

In a controversial move, former U.S. President Donald Trump has floated the idea of imposing...

Friday, September 6, 2024, 11:52:34 AM

US Nears Agreement with Ukraine on Critical Minerals, Trump Says

The United States and Ukraine are close to signing a new strategic agreement on critical...

Tuesday, March 25, 2025, 03:40:00 PM

Trump’s WSJ Lawsuit Has Some “Problems”

President Donald Trump’s new defamation case against The Wall Street Journal and its parent News...

Monday, July 21, 2025, 03:18:00 PM