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After spending nine months of social media parole in allegedly inciting criminal activities and laying the foundation of the capital riot. Ex-US president Donald Trump looks to launch his very own social media network
What is the purpose behind the app launch?
In an interview on Wednesday, Trump quoted that this new social media app Trump’s media and technology is meant to remedy his suspensions from social media network like Facebook, Twitter in the wake of the capital riot.
What does this mean to him?
“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,” Trump said in the written statement included in a news release.
“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,” he said.
Why was Trump got social media arrest?
Trump’s Twitter account ban was followed by a permanent ban on January 7th in order to push back the further incitement in the capital riot. At that time it had 88 million followers and for a guy like him.
The blog “From the Desk of Donald J. Trump” was hailed as a major new outlet several months ago, but Trump pulled it from the web less than a month later.
Earlier this year, former Trump aide Jason Miller launched a social media platform called Gettr, but the former president does not appear to have been a member. Shortly after Truth Social was announced, Miller congratulated Trump on “re-entering the social media fray”.
Due to cash shortages, a China-based SPAC led by Orlando was unable to consolidate with Giga Energy Inc last month, and the combined company would have been valued at $7.3 billion, government filings indicate.
Trump Media & Technology Group will have less cash available at closing due to shareholder redemptions when Digital World Acquisition Corp closes the deal.
Companies stated in their statement that redemptions must not exceed a minimum required cash amount for the merger to be completed.
A regulatory filing should be released on Thursday with details about what the requirement is, though the statement did not specify.
According to the news release, Trump Media & Technology Group is valued at $875 million, including debt.