According to him, former US President Donald Trump announced the launch of his own social network, which will compete with Facebook and Twitter, fighting the “tyranny of” big technologies “. The announcement was made late Wednesday and this will be the first draft Trump Media and Technology Group (TMTG), the mogul’s new media company.
According to a press release, the former White House leader’s idea is to launch the company in the first quarter of 2022, while a social network called Truth Social is expected to be launched at the same time.
The group’s “mission” is “to create a rival to the liberal media consortium.” Trump was left without access to social media after the Capitol Hill robbery on January 6 this year, following the elections that took him out of the White House.
TMTG was born through a merger with Digital World Acquisition, a “ghost company” created solely to raise capital through an initial public offering (IPO) and purchase of other existing companies. This vehicle is known as SPAC (Special Acquisition Company).“) or blank checks, which valued Trump’s company at $ 875 million.
“We live in a world where the Taliban are heavily represented on Twitter, but their beloved American president is silenced,” Trump said at the company’s launch. Its creation will not be surprising, as the former president’s team is showing signs that they may launch their own platform to compete with Facebook and Twitter.
According to the press release, Truth is available for pre-order in the Apple App Store, and the beta version will be available from November 2021. However, the official release will only be in the middle of next year.
