They kicked him off social media so he is launching his own.
Donald Trump is launching a social media platform called Truth Social, which will go public via a merger with a blank-cheque company, as the former US president seeks to capitalise on his popularity among a large chunk of Republicans.
The move comes after months of speculation about whether Trump would launch a media company to compete with Twitter and Facebook and set the stage for another presidential run in 2024. Trump, who used Twitter extensively during his 2016 campaign and four years in office, was banned from the platform, along with Facebook, YouTube and other big social media networks in the wake of the January 6 attack on the US Capitol. The former president said in a statement on Wednesday that the new app would be controlled by Trump Media & Technology Group. “I created Truth Social and TMTG to stand up to the tyranny of Big Tech,” he said in a statement. “We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American president has been silenced. This is unacceptable.”
Digital World Acquisition, a special purpose acquisition company launched by Patrick Orlando, will merge with TMTG in a deal that values the business at $875m, with a potential to rise to $1.7bn based on the performance of the stock.
FULL ARTICLE - Trump to launch social media platform to compete with Twitter and Facebook | Financial Times (ft.com)
Donald Trump is launching a social media platform called Truth Social, which will go public via a merger with a blank-cheque company, as the former US president seeks to capitalise on his popularity among a large chunk of Republicans.
The move comes after months of speculation about whether Trump would launch a media company to compete with Twitter and Facebook and set the stage for another presidential run in 2024. Trump, who used Twitter extensively during his 2016 campaign and four years in office, was banned from the platform, along with Facebook, YouTube and other big social media networks in the wake of the January 6 attack on the US Capitol. The former president said in a statement on Wednesday that the new app would be controlled by Trump Media & Technology Group. “I created Truth Social and TMTG to stand up to the tyranny of Big Tech,” he said in a statement. “We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American president has been silenced. This is unacceptable.”
Digital World Acquisition, a special purpose acquisition company launched by Patrick Orlando, will merge with TMTG in a deal that values the business at $875m, with a potential to rise to $1.7bn based on the performance of the stock.
FULL ARTICLE - Trump to launch social media platform to compete with Twitter and Facebook | Financial Times (ft.com)