Every company has new introduces new products and when they do there are often logistical problems because the process is under the spotlight and something that can go wrong often does. When the process is a high profile or in the national media, even a small thing is a disaster waiting for everyone to see. Former President Trump fits into the category where the media is examining his next step and it is not hard to find flaws, without looking too much.
In an article by Kennth LI, Julia Love and Helen Coster of Reuters, The Trump Media and Technology Group (TMTG) has launched an app on Apple’s App Store called Truth Social. The app is free to download and people have preorder the app to automatically download when it became live. As a company, your first appearance needs to be perfect, unfortunately many users reported either having trouble registering for an account or receiving a message – due to massive demand, you are are on a waitlist. The statement could be true or part of the hype that Donald Trump tends to say.
TMTG is planning to list on the stock exchange through a merger with a SPAC firm called Digital World Acquisition Corp and if it does will receive $293 million in cash that DWAC holds in trust assuming no one redeems their DWAC shares. Additionally in December, TMTG raised $1 billion from private investors which is not available until the listing on the stock exchange closes.
Linking to dividend paying stocks, one expects new products to be introduced every year and whatever is the best method to connect to their customers, the company to be involved with. With dividend paying companies, they have time to do all the things that need to be done so the operation goes as seamlessly as possible. With new companies that have more hype than action, they announce things that the public may think are operational but in reality are future hopeful actions. If the company which you own shares in does that, you should look for alternatives.
There are more questions than answers, till the next time – to raising questions.