Donald Trump Launches Social Media Platform TRUTH
Former US President Donald Trump is preparing to launch his own social media app, TRUTH Social, which he said is facing big tech companies like Twitter and Facebook that have blocked him from using their platforms.
TRUTH Social is being created by a new company formed through the merger of Trump Media and Technology Group and private acquisition firm SPAC, according to to show Press distributed by both organizations.
“We live in a world where the Taliban has a significant presence on Twitter, and yet your favorite American president has been silenced,” Donald Trump said in a written statement. this is unacceptable.
He added, “I am excited to be sending my first TRUTH via TRUTH Social very soon. Trump Media and Technology Group TMTG was founded with a mission to give a voice to everyone. I’m excited to soon begin sharing my thoughts on TRUTH Social and the fight against the big tech companies.
The social network, which is scheduled for a beta launch next month and fully operational in the first quarter of 2022, marks the first of three phases in the company’s plans. Followed by a subscription video-on-demand service called TMTG+ that features entertainment, news, and podcasts.
In the slides across its website, the company envisions competing with Amazon’s AWS Cloud and Google Cloud.
“Big tech companies have for too long suppressed conservative voices,” the son of the former president, Donald Trump Jr., told Fox News in an interview. My father signed a definitive merger agreement to form the Trump Group for Media and Technology and TRUTH Social, a platform for everyone to express their feelings.
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Donald Trump wants to confront tech companies
Twitter, Facebook and other social media platforms have banned Trump from their services. And that’s after hundreds of his supporters rioted in the US Capitol on January 6.
The protest followed a speech by Trump in which he falsely claimed that his November election loss was due to widespread fraud, an assertion rejected by several courts and election officials.
The deal lists Trump Media and Technology Group on Nasdaq through a merger with Digital World Acquisition. It is a private acquisition firm SPAC led by former investment banker Patrick Orlando.
The deal values Trump Media and Technology Group with an initial corporate value of $875 million. With a potential additional earnings of $825 million in additional stock for a cumulative valuation of $1.7 billion.
