Trump social media startup receives commitment of $1B from unidentified …

Source: The Hill | December 4, 2021 | Caroline Vakil

Trump social media startup receives commitment of $1 billion from unidentified ‘diverse group’ of investors

Former President Trump’s social media group, Trump Media & Technology Group Corp. (TMTG), and its blank-check company announced on Saturday it had received a commitment of $1 billion from an unidentified “diverse group of institutional investors.”

TMTG and blank-check company Digital World Acquisition Corp. said that “subscription agreements for $1 billion in committed capital” would be received from an unknown group of investors once TMTG and Digital World are combined. 

In October, Trump announced that he would be creating a social media network dubbed “Truth Social,” whose full launch is expected in the first quarter of 2022. The network has been advertised as a platform “that encourages open global conversation without discrimination on the basis of political ideology.”

……..

“$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech,” Trump, who is listed as TMTG’s chairman, said in a statement. 

……..

Viewing 3 posts - 1 through 3 (of 3 total)
  • Discussion
  • Consistent #50984

    Consistent #50985

    “TRUTH Social” = “Ministry of Truth”?


    The Ministry of Truth is one of four ministries in Oceania in George Orwell’s novel ‘1984.’

    The Ministry of Truth, like the other three ministries, has an ironic name. It purports to be focused on the pursuit of truth when in fact, the ministry is concerned with erasing the truth of the past and present and replacing it with whatever the Party deems “correct.” Those in charge of the ministry decide what “truth” is.
    https://bookanalysis.com/1984/ministry-of-truth/

    Consistent #50996

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.