October 21, 2021
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Trump’s new social network will benefit from the very law he tried to destroy - Yahoo Finance

U.S. President Donald Trump delivers an update on the so-called Operation Warp Speed program, the joint Defense Department and HHS initiative that has struck deals with several drugmakers in an effort to help speed up the search for effective treatments for the ongoing coronavirus disease (COVID-19) pandemic, in an address from the Rose Garden at the White House in Washington, U.S., November 13, 2020. REUTERS/Carlos Barria TPX IMAGES OF THE DAY
Former-President Trumps new social network will need Section 230 to survive. (REUTERS/Carlos Barria)

Former President Trump has unveiled his long-discussed plans for his own social network. And in a twist of irony, the site, known as Truth Social, will benefit directly from the very law that Trump tried to destroy while in office: Section 230 of the Communications Decency Act.

Trump’s social network will let him communicate with the millions of users who followed him across Twitter (TWTR), Facebook (FB), and YouTube (GOOG, GOOGL), before those sites banned him for arguably inciting the Jan. 6 attack on the Capitol. He previously hosted a pseudo social site of his own, called From the Desk of Donald J. Trump, but it was taken offline after a month due to a lack of users.

Truth Social, which will launch in beta next month and be generally available in the first quarter of 2021, is also going public via a SPAC merger with Digital World Acquisition Corp (DWAC). The company was up nearly 400% around 2 p.m. ET Thursday.

'Twenty-six words that created the internet'

Famously referred to as “The twenty-six words that created the internet,” by law professor Jeff Kosseff in his book of the same name, Section 230 shields internet companies from liability for posts by third-party users, and allows them to moderate content. While some Republicans claim the law allows for the censorship of right-wing voices, some Democrats say that it allows social media companies, like Facebook, to host disinformation, misinformation, and hate speech, without facing any consequences.



source: https://finance.yahoo.com/news/trumps-truth-social-will-benenfit-from-the-very-law-he-tried-to-destroy-183501842.html

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