Truth Social is a social media platform owned by Trump Media & Technology Group Corp. (TMTG). It did not hold a conventional initial public offering (IPO): its parent company became public when TMTG merged with the special purpose acquisition company Digital World Acquisition Corp. (DWAC) on March 25, 2024. The lawsuits and regulatory matters connected with the story involve different entities and events, so it helps to distinguish the platform, its parent company and DWAC.
What is Truth Social?
Truth Social is TMTG’s social media platform. The company describes it as a “safe harbor for free expression” and says its mission is “to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back.” Those are the company’s own descriptions, not independent assessments of the platform’s moderation or speech outcomes. TMTG’s investor relations site also lists Truth+ as a separate streaming product and Truth.Fi as a financial-services brand; neither is the social media platform.
The company’s public financial statements cover TMTG on a consolidated basis. They do not establish Truth Social’s standalone revenue or a current platform user count, so company-wide financial results should not be treated as platform-only figures.
Did Truth Social have an IPO?
No. The 2021 IPO belonged to DWAC, the SPAC that later merged with TMTG. A SPAC is a company formed to raise capital and merge with a private business; completing such a merger can take that business public. TMTG became publicly traded through the merger, not through a separate conventional IPO by Truth Social.
Free tools Windows power users keep installed
One-click scans. No signup required.
#1 Best Overall
- 62" Phone Tripod & Selfie Stick Combo: Extendable phone tripod for iPhone and Android, combining a tripod stand and selfie stick in one lightweight design for selfies, photos, videos, vlogging, live streaming, and family gatherings.
- Adjustable Height & 360° Rotation: The tripod extends up to 62 inches to support standing shots, group photos, video calls, and content creation. The 360° rotating phone holder allows vertical or horizontal shooting.
- Stable Phone Holder for Daily Recording: Designed for hands-free video recording, online meetings, tutorials, livestreams, and social content. The phone holder keeps your device positioned securely for clear, steady shots.
- Wide Compatibility with Phones and Cameras: Fits most smartphones from 2.8" to 5.7" wide and includes a universal 1/4" screw mount for compatible cameras, action cameras, webcams, and camcorders.
- Wireless Remote & Complete Kit: Includes 1 phone tripod/selfie stick, 1 universal phone holder, 1 adapter, and 1 wireless remote shutter. Backed by 12-month after-sales support for everyday shooting needs.
| Event | Entity | What happened |
|---|---|---|
| September 8, 2021 IPO | DWAC | The SEC’s 2023 order says DWAC sold 28,750,000 units at $10 each, raising $287.5 million gross. These were DWAC’s IPO figures, not Truth Social’s. SEC administrative order |
| March 25, 2024 merger closing | DWAC and TMTG | The merger closed, DWAC changed its name to Trump Media & Technology Group Corp., and the company’s investor relations site identifies its Nasdaq ticker as DJT. TMTG’s 2025 Form 10-K says the transaction was accounted for as a reverse recapitalization, with private TMTG as the accounting acquirer. Investor relations; SEC company filings |
The practical distinction is that Truth Social is the product, TMTG is its parent company and the publicly traded issuer, and DWAC was the SPAC involved in the transaction.
What did the SEC say about DWAC?
In a July 2023 administrative order, the SEC made findings about DWAC’s disclosures. The order says DWAC’s IPO filings stated that it had not discussed a potential merger with targets before its IPO, while later merger filings mischaracterized or omitted the history of its interactions with TMTG. It also describes a potential conflict involving an earlier letter of intent and a break-up fee. Read the SEC order.
Rank #2
- Steel-Reinforced Steadiness：Featuring a tri-functional design, this 66-inch aluminum phone tripod stand integrates a steady base, telescoping arm, and multi-angle phone holder - an all-in-one solution for content creation, from overhead product shots to full-body portraits
- Intuitive Angle Control： Precision-engineered locking flanges enable instant switching between portrait, landscape, and 45° angled shots. Universally compatible with mobile phones ranging from 2.2" to 3.6" widths without slippage, making it a versatile addition to your Tripod & Monopod Accessories
- True Mobile Rig Flexibility：Engineered for steady everyday use rigidity, this adaptable cell phone tripod mount ensures rock-solid grip on smartphones. Its built-in Cold-Shoe slot enables seamless attachment of vlogging accessories like LED panels or mics
- Vibration-Free Content Creation： Integrated wireless Bluetooth remote (10m range) eliminates touchscreen interference. Perfect for capturing crisp stills or initiating smooth video recordings hands-free – an essential tool among modern Tripod & Monopod Accessories for solo creators
- In the Box: 66" Metal iphone tripod stand, 360° rotatable phone mount, 10m range phone camera remote, Includes 36 months of technical support and product coverage
These are findings about DWAC’s disclosure process and its dealings with TMTG. They are not evidence that Truth Social itself held an IPO. Keeping the entities separate also matters when describing the lawsuits and legal disclosures: a matter involving DWAC or its merger process is not automatically a lawsuit against the platform.
What lawsuits or settlements are involved?
TMTG’s website lists a July 19, 2026 announcement titled “Trump Media Settles Legal Disputes.” Its second-quarter 2026 filing says legal matters concerning events before the 2024 merger had recently concluded and reports related legal fees and litigation settlements. The accessible announcement and filing do not identify the parties, claims, settlement terms or whether the agreements include releases or confidentiality provisions. They therefore do not establish which specific cases were settled or that every lawsuit involving Trump or the company has ended. Company announcements; SEC company filings.
Rank #3
- 【Sturdy and Stable】: Made of premium aluminum alloy and stainless steel, Liphisy phone tripod with remote keeps your device stay securely in place for still shots and video recording.
- 【Multi-angle Shot】: With a max height of 64”, this tripod stand with a 210-degree rotation head and 360-degree rotation holder allows you to capture shots from any angle, catering to different photography needs.
- 【Wireless Remote Included】: Package includes a wireless remote that connects to your cell phone easily, making it a breeze to snap photos or video recordings.
- 【Height Adjustable】: The height of this cell phone tripod with remote can be adjusted from 17” to 64” and the easy lock mechanism makes it really easy to set up. It gives you an excellent vantage point for capturing photos and videos.
- 【Wide Application】: Compatable with different phone and camera, this tripod is great for photography and video recording, perfect for travel and home use.
For the six months ended June 30, 2026, TMTG reported $49.6787 million in general and administrative legal fees related to recently concluded pre-merger matters, compared with $25.8467 million for the corresponding period in 2025. It also reported $1.9639 million in litigation settlement expense for the six months ended June 30, 2026. These are accounting disclosures; they do not provide a case-by-case list or settlement terms. TMTG filings with the SEC.
What do the company’s financial figures show?
For the three months ended June 30, 2026, TMTG reported consolidated revenue of $1.6697 million and a net loss of $238.111 million. Those figures cover the parent company’s consolidated operations, not Truth Social alone. The filing attributes costs and losses to multiple areas, including digital-asset valuations and consolidated operations; it does not support attributing the full net loss to the social platform. TMTG’s SEC filings.
Rank #4
- Portable All-in-One Tripod for iphone: Vimose newly designed all-in-one tripod combines a phone tripod and selfie stick. It offers exceptional portability with a compact folding design, collapsing to just 12.5 inches, making it easy to carry and perfect for travel and everyday use.
- Adjustable Height & Flexible Shooting: Our iPhone tripod can extend up to 62 inches and features an upgraded 360° rotating &180° tilt phone holder. It allows for flexible angle adjustments and easy capture of wider views, adapting to different shooting scenarios to ensure you always get the perfect shot.
- Stable & Durable Phone Tripod Stand: Crafted from lightweight yet premium aluminum alloy, Vimose tripod for phone delivers exceptional durability, impact resistance and water-resistant performance for long-lasting use. It features a wider leg spread for greatly improved wind stability, while the high-friction rubber base effectively prevents horizontal slippage. Combined with anti-slip silicone pads, Vimose tripod stand boosts load capacity and anti-tipping performance, making it sturdy and reliable for both indoor and outdoor use, even in damp or drizzly conditions.
- Detachable Wireless Remote for Easy Shooting: This selfie stick for iPhone supports up to 33 feet range, is compatible with both iOS and Android devices, and offers quick pairing and easy use. The remote can be stored in the handle to prevent loss and securely holds smartphones 2.2 to 3.7 inches wide.
- Versatile Cell Phone Holder for Every Occasion: This tripod is ideal for selfies, TikTok live, family photos, vlogs, live streaming, YouTube videos, travel recordings, FaceTime, and Instagram. With broad compatibility, it caters to content creators and everyday users alike, providing stable support for all your shooting needs.
Who owns TMTG?
TMTG’s 2025 annual report says Donald Trump’s revocable trust beneficially owned approximately 41.1% of the company’s voting power as of the report date. That is a dated figure about voting power, not a current ownership guarantee or a measure of the percentage of outstanding shares. The same report separately describes ownership at the March 2024 merger closing, when Trump beneficially held approximately 57.6% of outstanding common shares and public stockholders held approximately 21.9%. Those figures refer to a different date and a different measure. TMTG’s annual report and other filings.
What else has happened to the corporate structure?
TMTG’s second-quarter 2026 filing said a proposed merger with TAE Technologies was pending and that a Form S-4 registration statement had been filed. It also said discussions about moving Truth Social into a separate publicly traded company were discontinued in June 2026. These developments do not change the fact that the completed 2024 transaction was the DWAC–TMTG merger. TMTG’s SEC filings.
Quick Recap
Best Value
- Rotatable twist with 1/4"screw allows 360° adjustment and 180° flipping, so you can take photos, video call or live broadcast with ease
- Universal compatibility with smartphones up to 3.7 inches wide, GoPros, digital cameras and webcams
- Includes a wireless remote with a range of 30 feet (without obstacle), so you can easily take individual, group and wide-angle shots
- Swaps easily between handheld selfie stick and stand-alone tripod for dual-purpose use
- Whether you're an amateur, enthusiast or professional, this is a must-have accesory for shooting on the go
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
