It is expected to launch in beta for “guests” next month.
Former US President Donald Trump announced on Wednesday his plans to launch his own social network called “TRUTH Social,” which is expected to launch in beta for “guests” next month.
“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,” Trump said in the newsletter, banned from Twitter and Facebook after the attack on the Capitol carried out by his followers on January 6.
The highly anticipated platform will be owned by Trump Media & Technology Group (TMTG), which also plans to launch a video-on-demand service that will show “no-woke” entertainment programs, the group said in a statement.
The term ‘woke’ refers to being aware of social inequality, both in relation to race, gender and sexual orientation.
“We live in a world where the Taliban have a large presence on Twitter, yet their favorite American president has been silenced. It is unacceptable, “said Trump.
The Trump Media & Technology group will merge with Digital Acquisition Corp to make TMTG a publicly traded company, according to a bulletin.
“The transaction values the Trump Media & Technology group initially at $ 875 million, with a possible additional gain of 825 million in supplemental shares (at whatever value is awarded) for a cumulative valuation of up to $ 1.7 billion based on developments of the price of the actions after the combination of businesses ”, indicated the text.
Ever since he was banned from major social media as punishment for stirring up the crowds that entered Congress on January 6, Trump has been looking for a way to get his online platform back.
In May he launched a blog called “From the Desk of Donald J. Trump,” touted as a major media outlet.
But Trump, also banned from Instagram, YouTube and Snapchat, canceled the blog a month later.
Former Trump aide Jason Miller launched a social network called Gettr this year, in which the former president has yet to participate. (I)
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