Trump launches media and tech company

Thursday, 21. October 2021 02:49

Former United States President Donald Trump announced the launch of the Trump Media & Technology Group (TMTG). The company will go public via a merger with Digital World Acquisition Corp., at a current value of $875 million and a potential earnout of $825 million in additional shares.

TMTG revealed it will launch a social network named TRUTH Social, with a beta launch for invited users planned for November and a nationwide rollout in 2022. The company will also provide a subscription video on demand service featuring "non-woke entertainment programming, news, podcasts, and more."

"I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I'm excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn't someone stand up to Big Tech? Well, we will be soon!" Trump stated.

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Breaking the News / DJ