Former US President Donald Trump’s new social media venture “Truth Social” is scheduled to launch this week, with the full service of the app expected to be fully operational by the end of March.
In the aftermath of the January 6, 2021 assault on the Capitol, Trump was ousted from using social networks, such as Twitter, Facebook, and Youtube, for inciting violence among his followers. Therefore, Trump’s response to being banned from these social networks was to form Truth Social.
Former US President Donald Trump launched the “Truth Social media” platform in October in conjunction with his media company, Trump Media & Technology Group (TMTG).
“TMTG was founded with a mission to give a voice to all,” said the US Former president’s press release, adding, “I’m excited to soon begin sharing my thoughts on truth social and to fight back against Big tech,” he stated.
Trump’s Media Group was founded with an initial enterprise value of $875 million, with a potential additional earnout of $825 million in additional shares for an overall total of up $1.7 billion, added the press release.
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