Form President of the United States, Donald Trump, is launching is own social media platform – TRUTH Social. The TRUTH Social is expected to be launched at the beginning of 2022. This will comprise of a merger between Trump Media and Tech Group and Digital World Acquisitions Corp.
These merged companies will also launch a subscription video service. Trump decided to take this step after Facebook and Twitter banned Trump after the January 6 Capital Hill riot. Trump said that the objective of the new social media platform is to fight against the “Big Tech” corporations of Silicon Valley because they have used their power to silence dissenting voices in America.
‘This is unacceptable. 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!’
Right now the TRUTH Social app is available for pre-order on the Apple App store. There are plans to launch a beta version for testing in November 2021. The social media platform will be launched nationwide in the first quarter of 2022.
Along with the social media platform, TMTC will also launch a subscription video service. The service is called TMTG+ which will feature news, entertainment programming and podcasts.
‘Digital World was formed to create public shareholder value and we believe that TMTG is one of the most promising business combination partners to fulfill that purpose, “ said CEO of Digital World Acquisitions Corp.
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‘DWAC currently has $293 Million in trust, assuming minimal redemption, which can fuel TMTG’s scale up, including to provide world class leading technology services to build strong and secure social networks and diverse media offerings.’
TMTG is expected to be valued at $875 million with a potential to earn $825 million to reach a combined $1.7 billion. Trump is permanently banned from Twitter, Instagram, and Facebook. With a limited Presence on Social media platforms, Donald Trump is left to communicate with his supported using his website “From the Desk of Desk of Donald J. Trump” which was launched in May.
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