Former US President Donald Trump has announced that he will launch a new social media site called TRUTH Social.
The site will have an onus on non-“woke” entertainment and feature video on-demand in a bid to “stand up to the tyranny of big tech” .
Trump – who’s use of social media played a huge role in his bid for presidency – was banned from Twitter and suspended from Facebook in the wake of the Capitol building being stormed by his supporters on January 6.
Responding to the riots, Mr Trump called those at the Capitol “patriots”
In a statement, Trump said: “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech.
“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.”
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According to TMTG, TRUTH social will have a “nationwide rollout” within the first three months of 2022. This follows Trumps attempt at a blog earlier in the year, ‘From the Desk of Donald J. Trump’, which was closed down after a few months due to poor traffic.
His senior aide Jason Miller said ‘From the Desk of Donald J. Trump’ was “just auxiliary to the broader efforts we have and are working on”.
The Trump Media & Technology Group will merge with blank cheque company Digital Acquisition Corp to make TMTG a publicly-listed company.
“The transaction values Trump Media & Technology Group at an initial enterprise value of $875m (£634m), with a potential additional earnout of $825m (£597m) in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7bn (£1.23bn) depending on the performance of the stock price post-business combination,” the Group said in a statement.
The announcement of TRUTH social follows a rally held by Trump in Iowa, in which he stated – in the clearest terms yet – that he intends to run for president in the 2024 election.
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