CEO of shell company aiming to take Truth Social public uses QAnon show to ask shareholders to delay merger
The CEO of a shell corporation formed to merge with the company running former President Donald Trump’s social media platform, Truth Social, went on a QAnon show to advocate for his own shareholders to delay the merger.
On October 5, Patrick Orlando, the CEO of Digital World Acquisition Corp., appeared on the QAnon-supporting MatrixxxGrooove Show. DWAC is a so-called special purpose acquisition company (SPAC) aiming to merge with Trump Media & Technology Group — the company running Truth Social — in order to take the media company public. The planned merger has come under government scrutiny, leading to its delay and an October shareholders vote to extend the merger deadline. Orlando has been urging Trump and Truth Social CEO Devin Nunes to raise awareness of the shareholder vote.
During his appearance on the QAnon-supporting show, Orlando openly promoted the vote and asked shareholders to cast their votes to “extend the amount of time” to complete the “business combination” and shared ways for them to vote by email or phone. He also said that “a show like this is incredible to get the awareness out there.”
In turn, co-hosts and QAnon influencers Jeffrey Pedersen (known online as “intheMatrixxx”) and Shannon Townsend (known online as “ShadyGrooove”) praised Orlando for his efforts for “an amazing platform,” urging viewers to buy “one share of DWAC” and for shareholders to vote “to support and fund Donald Trump's Truth Social.”
The Truth Social SPAC CEO appearing on a QAnon show in an effort to reach his company’s own shareholders is yet another connection between the QAnon community and Trump’s social media platform. The platform’s leadership — Nunes and Kash Patel, who has served on Truth Social’s board — have openly appealed to and praised the QAnon community as part of their business model, with Patel saying “we try to incorporate” QAnon “into our overall messaging scheme to capture audiences.” The platform has also verified numerous QAnon influencers and shown QAnon ads; Trump himself has even repeatedly amplified QAnon accounts and QAnon content on Truth Social, including posting video that contains a QAnon-connected song.