Trump Announces Plans To Launch New Social Network

Posted by: Kyeyune Andrew Jonathan in World news October 21, 2021

Former POTUS (President of The United States) Donald Trump, announced plans on Wednesday of his latest push to reclaim his internet dominance.

This comes after Twitter and Facebook banned him from the sites in the wake of the violent Capitol insurrection.

Trump intends to release a new social network that will be called TRUTH Social.

It will be owned by Trump Media & Technology Group (TMTG) and is expected to begin its beta launch for ‘invited guests’ next month.

It is, however, already available for pre-order in Apple’s App Store, according to a statement released by the group.

TMTG also plans on launching a subscription video on-demand service that will feature ‘non-woke’ entertainment programming. This will be led by Scott St. John, an executive producer from ‘Deal or No Deal’ and ‘America’s Got Talent’’

The statement further revealed the TMTG will merge with a blank check company Digital World Acquisition Corp. this move will see TMTG listed as a public company.

‘’The transaction values Trump Media & Technology Group at an initial enterprise value of $825 million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 billion depending on the performance of the stock price post-business combination,’’ it stated.

For years Trump wielded Twitter in particular as a rhetorical weapon during his presidency. However, over the past few months, he has battled with tech giants whom he argues have wrongfully censored him.

Ever since his ban from social media, Trump has been looking for ways to reclaim his internet dominance.

Some of these ways included lawsuits against tech giants. In May he launched a blog called ‘’From The Desk of Donald J. Trump which many touted as a major new outlet. He however pulled this from the internet a month later.

To remain the US’s most influential Republican, Donald Trump has begun to hold public events including campaign-style rallies.

He has teased a potential 2024 presidential run but has made no announcement on his political future.

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