FrankSpeech Network Inc (FSBN)

[mick]

The right-wing social media ecosystem is getting more crowded these days—and as those sites become more popular with some conservative voters, their founders are looking to cash in. But the long-term success of those investments is looking increasingly uncertain.

Mike Lindell is the latest to explore a public offering. In 2021, the MyPillow CEO launched FrankSpeech, which describes itself as a “pioneering force dedicated to freedom of speech and technology.” Lindell has said he owns the servers for the YouTube-like channel, to ensure that his content cannot be taken down. (He launched the site after he was removed from Twitter for spreading conspiracy theories about the 2020 election.)

Last week, FrankSpeech announced it was merging with the publicly-traded media holding company InCapta in a reverse stock split. That will make FrankSpeech a publicly traded entity on the OTC market, rather than the Nasdaq or New York Stock Exchange.


https://www.fastcompany.com/91183437/mypillow-ceo-mike-lindell-has-taken-his-social-media-company-public-that-might-be-a-bad-idea