Tech

Trump’s Truth Social struggles as Reddit soars

Published

2 years ago

March 24, 2024

Ahron Young

Former President Donald Trump’s Truth Social platform finds itself in sharp contrast to the success witnessed by Reddit, which recently celebrated a triumphant IPO.

KEYPOINTS:

Sharp Decline in DWAC Stock: Following shareholder approval of the merger between Digital World Acquisition Corp. (DWAC) and Trump’s social media company, DWAC shares plummeted nearly 14%.
Financial Concerns: There are concerns about Trump Media & Technology Group’s ability to generate revenue, with reported losses of nearly $50 million and minimal revenue in recent financial quarters.
Legal Troubles: Trump faces significant civil judgments exceeding half a billion dollars and mounting legal bills from multiple cases.

While Trump exclaims his adoration for Truth Social, investors appear less enamored, as reflected by a significant downturn in stock price following the merger vote with Digital World Acquisition Corp.

The merger, initially met with optimism as DWAC shares soared to a 52-week high, has now faced a harsh reality check.

Shareholder approval precipitated a nearly 14% plunge in DWAC stock, signaling potential challenges ahead for Trump’s majority stake in the newly formed Trump Media.

With DWAC shares closing at $36.94, concerns linger regarding the platform’s ability to generate substantial revenue, compounded by Trump’s mounting legal troubles.

Donald Trump started the Truth Social media network after he was banned from Twitter, following the January 6 attack on the Capitol.

Financial viability

Despite Trump’s proclamation of affection for Truth Social, doubts persist regarding its financial viability.

Trump Media & Technology Group reported significant losses and minimal revenue in recent financial quarters, casting shadows over its long-term prospects.

Trump’s Truth Social: A $3.5 billion windfall awaits

Trump’s legal battles, including civil judgments exceeding half a billion dollars, raise questions about his ability to navigate the company’s financial affairs.

Truth Social’s valuation is completely out of whack and will likely attract short sellers.

Consider: Reddit is worth $7.5B and has revenues of $800m, while Truth Social is “worth” $5B on revenues of $5m. This is quite literally a Potemkin company; reality will catch up.

— Dave Troy (@davetroy) March 23, 2024

The six-month restriction on Trump’s ability to sell shares offers a temporary respite, but the potential for an early lift on this restriction poses further uncertainties.

Trump’s involvement, coupled with the composition of the new board of directors, including his son Donald Trump Jr., underscores the intricate intersection between business interests and legal entanglements.

Tech

Ariane 64 takes flight carrying Amazon’s broadband satellites

Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.

Published

2 days ago

February 11, 2026

Harvey Vargas

Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.

Europe is entering a new spaceflight era as the Ariane 64 prepares for its maiden launch from French Guiana. The rocket, the most powerful ever developed in Europe, features four boosters and is capable of delivering more than 20 tonnes into low Earth orbit.

The launch window opens at 4:45 p.m. UTC and closes at 5:13 p.m. UTC, with the mission expected to last one hour and 54 minutes. During the flight, satellites will be deployed in pairs, marking a critical technical milestone for Europe’s space ambitions.

This first flight is a major test for the Ariane 6 program, setting the tone for future commercial and institutional launches from Europe’s space sector.

#SpaceLaunch #Ariane6 #AmazonSatellites #LEO #SpaceTech #BroadbandFromSpace #RocketScience #TickerNews

Tech

SpaceX shifts focus to Moon with ambitious Lunar City plans

Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.

Published

3 days ago

February 10, 2026

Harvey Vargas

Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.

Elon Musk has set his sights closer to home—literally. SpaceX is now prioritizing the creation of a self-sustaining city on the Moon within the next decade. The ambitious plan marks a major shift from previous Mars-focused strategies, aiming for an uncrewed Starship landing as early as 2027 to support NASA’s Artemis program.

This pivot comes as SpaceX merges with Musk’s xAI, combining the companies into a massive $1.25 trillion valuation. Musk believes the Moon offers practical advantages for launches, making it a more strategic stepping stone for humanity’s future in space.

Alongside lunar ambitions, SpaceX is also developing satellite networks to back AI technologies in orbit. Despite the excitement, NASA’s Artemis program has faced delays, pushing the first crewed lunar flight to March due to technical issues.

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Tech

Claude AI is transforming software engineering and productivity

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Published

4 days ago

February 9, 2026

Harvey Vargas

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Anthropic has confirmed that its AI, Claude, now handles almost all coding tasks at the company. Engineers are shifting from writing code to oversight and planning, marking a major change in how software development teams operate.

Users report a productivity boost of 50 percent since implementing Claude, highlighting the potential of AI to reshape workflows and day-to-day operations. The shift raises questions about the balance between human oversight and automated code generation.

The move has also affected markets, with shares of Indian IT services companies falling as investors assess the impact on traditional tech roles. Industry leaders stress that while AI can generate code, human input remains crucial for design, review, and strategic decision-making.

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