Former President Donald Trump announced he will be launching his very own media network, including a social media platform called “TRUTH Social,” in order to “stand up to the tyranny of Big Tech.”
The app appears to be the first project of the Trump Media and Technology Group (TMTG), which will list on the Nasdaq through a merger with Digital World Acquisition Group, according to an announcement tweeted out by spokeswoman Liz Harrington. The transaction values TMTG at up to $1.7 billion.
The new company, which lists Trump’s private membership club Mar-A-Lago as its address, will be chaired by the former president, who says that this “group’s mission is to create a rival to the liberal media consortium.”
The move doesn’t come as a total surprise. Trump and his team of advisors have dropped hints for months that he might launch his own social media app to rival Facebook and Twitter.
According to the press release, TRUTH Social is currently available for pre-order in the Apple App store, and a beta version will be available to invited guests starting in November 2021. A nationwide rollout is expected in the first quarter of 2022, the release said.
Just a "strong action" Thought.
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