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

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Trump: “I Actually Think The Conservative Hated Me Much More Than The So Called Liberal”

Canadian Prime Minister Mark Carney will visit Washington for talks with President Donald Trump soon,...

Thursday, May 1, 2025, 07:51:40 AM

Trump Unpredictability Leads Portugal to Reconsider €5.5 Billion F-35 Purchase

Portugal may back out of its planned €5.5 billion purchase of US-made F-35 fighter jets,...

Friday, March 14, 2025, 11:28:00 AM

The Grift Continues: SEC Halts Fraud Case as Justin Sun Funnels Millions into Trump Venture

The SEC has effectively paused its fraud prosecution of Justin Sun, a Chinese national who...

Friday, February 28, 2025, 11:04:00 AM

Trump Claims Documents Found In Mar-o-Lago Were Declassified, But Does It Matter?

The recently unsealed seven-page document which includes the warrant to search former President Donald J....

Monday, August 15, 2022, 10:59:00 AM

Rupert Murdoch Announces Departure as Chairman from Fox and News Corp

Powerful billionaire Rupert Murdoch is stepping down from his position as chair of both Fox...

Thursday, September 21, 2023, 10:22:03 AM