Business

Donald Trump says new social media company has raised $ 1 billion | Science and Technology News

Donald Trump’s social media company says it has a deal to raise $ 1 billion from investors before it goes public on the US stock market.

The Nasdaq-listed Trump Media & Technology Group plans to launch a new social media platform next year. Truth Social..

Former U.S. president criticizes twitter When Facebook For banning him about concerns that his social media activities instigated him January 6 Attack on Parliament Building As evidenced by rival Joe Biden’s election victory.

image:
Truth Social will be available next year. Photo: TMG

Mr. Trump Previously, he blamed the platform for censorship and political discrimination against conservatives, repeating the blame along with funding news.

Following the ban, he launched a blog “From Donald J. Trump’s Desk”-initially described it as a platform-but closed in less than a month.

One of his aides, Jason Miller, told CNBC that the page was “just an adjunct to the wide range of initiatives we’re currently working on,” suggesting the launch of a new social media platform. I am.

“$ 1 billion sends an important message to Big Tech,” Trump said in a press release announcing funding.

“As our balance sheet expands, the Trump Media & Technology Group will be in a stronger position to combat Big Tech’s tyranny,” he added.

Reuters first reported that the former president’s success in attracting financial supporters was due to his personal and political brand.

Trump Twitter
image:
Mr. Trump’s Twitter account was suspended in January

Bloomberg reported that investor details and financial details of the new company have not yet been released and that a merger agreement with Digital World Acquisition Corporation’s so-called blank check company has not yet been signed.

Reuters reported that US Senator Elizabeth Warren has asked Securities and Exchange Commission (SEC) Chairman Gary Gensler to investigate a planned merger for possible securities law violations regarding disclosure.

The SEC declined to comment on whether it planned any action.

Use Chrome Browser for a more accessible video player

“If it’s Trump, tell him I’m busy.”

Mr. Trump continued to solicit donations and teased him that he could run again in 2024, but he did not make a formal pledge and could impose restrictions on funding activities.

Truth Social touts conservatives to allow freedom of speech without a platform for moderating messages “based on political ideology.”

Mr. Trump continues to argue without evidence that his opponent, Mr. Biden’s election, was fraudulent.

Donald Trump says new social media company has raised $ 1 billion | Science and Technology News

Source link Donald Trump says new social media company has raised $ 1 billion | Science and Technology News

Back to top button