News: Supreme Court, DDT Plus More | Nel’s New Day

Bad news has piled up: a Securities and Exchange Commission investigation into illegal stock trading, a lawsuit by a scorned business partner against going public, investors promising $138 million have already pulled out, and reports that the social media platform isn’t paying its bills. Truth Social’s web host, RightForge, threatens legal action with claims that it is owed $1.6 million after the social platform paid for only three months since Truth Social inception in February 2021. In response to questions about the financial viability of Digital World, DDT said, “I don’t need financing. I’m really rich!” He just doesn’t pay his bills.

Investors may be unnerved by the trend for Truth Social to run QAnon advertising explicitly referencing a coming storm and including Q in the logo. The ads follow DDT sharing posts from over 100 QAnon accounts with images of DDT wearing a Q lapel pin. This week, he promoted QAnon and its predisposition of violence by tagging its image of a burning Q on top of the U.S. flag. Recent DDT’s and Truth Social’s promotion of QAnon has occurred at the same time as an increase in QAnon-linked violence. In June, Kash Patel, former DDT official and Truth Social board member, said, “We try to incorporate [QAnon] into our overall messaging scheme to capture audiences. Analysts state the social platform’s biggest problem is its narrow audience, lacking diversity of opinion and content—an echo chamber for DDT’s followers. 

DDT has twice endorsed Jair Bolsonaro for his last Sunday’s election, but the “Trump of the Tropics” lost his election by over five points. Unfortunately, his opponent, former President Luiz Inácio Lula da Silva, was short of 50 percent by 1.2 percent. The runoff is on October 30.

Possibly to put the GOP back into control of the U.S. government, OPEC may cut oil production at a Wednesday meeting, driving up the price of gas in the U.S. Since June, gas prices have dropped by one-third from $120 to $80 a barrel, easing inflation. OPEC countries want to have greater control over the world’s oil production as the U.S. became a bigger player in the oil market. OPEC also blames the dollar’s rising strength for decreasing revenues.

News: Supreme Court, DDT Plus More | Nel’s New Day