Stonk miner | Digital World Acquisition jumps 6% postmarket after Google approves Truth Social for Play Store
Donald Trump’s Twitter-like social media app Truth Social is now available in the Google play store, a company spokesperson said on Wednesday.
Truth Social’s parent Trump Media & Technology Group is expected to make the app available in the Google Play Store shortly, Google said.
Truth Social, which launched in the United States in the AppleApp Store in February, had previously been banned from the Google Play store for violating user-generated content policies. These policies must prevent illegal content along with content that could incite violence or contains hate speech. Google was concerned that posts on the platform speaking about inciting violence.
Truth Social is now available to 44% of smartphone users in the U.S. who use an Android. The app has been available on Apple’s App Store. Google reinstated Parler, a platform similar to Truth Social, to the Play Store in September after the app was substantially modified to comply with Google’s policies.
"Apps may be distributed on Google Play provided they comply with our developer guidelines, including the requirement to effectively moderate user-generated content and remove objectionable posts such as those that incite violence," a Google spokesperson said Wednesday.
"Truth Social is now open on all phones in the United States, which is a big accomplishment," says TMTG CEO Devin Nunes. "Not only do we have the most free speech platform but also a family-friendly platform."
The news comes days after DWAC, a so-called blank check company, further pushed a vote to delay its merger with Trump Media.
The merger has faced many obstacles. DWAC private investors withdrew $138 million which was set to provide to Trump Media upon the merger. Also, DWAC's dealings with Trump Media are the subject of a Justice Department investigation that involves discussions between the two companies before the merger was announced last fall, potentially violating securities laws.
DWAC warned that further damage to Trump's reputation could jeopardize the company. Trump, who is considering another presidential run in 2024, is facing a federal criminal investigation into whether he illegally kept and hid sensitive national security documents after leaving the White House.
Shares of DWAC, which jumped 6% postmarket, have fallen about 69% so far this year.
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