On Wednesday, President Donald Trump announced that he is creating a media company and social media network meant to “stand up to the tyranny of Big Tech.”
The Washington Examiner reports:
The 45th president, who has been kicked off Twitter and Facebook, announced the creation of “TRUTH Social” in a press release from the Trump Media & Technology Group on Wednesday.
TRUTH Social is already available for pre-order in the Apple App store, the press release said, and the app plans to start its beta launch for invited guests in November. A national rollout is expected in the first quarter of 2022.
“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,” Trump, who is the chairman of TMTG, said in the press release. “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,” he added.
“The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination,” TMTG said in the press release.
Get on the waitlist for the platform at TruthSocial.com.
I will not join if I have to pay.Sorry.
I can’t believe what’s occurring in America with disgraceful Biden in control. He’s destroying America. We need President Trump to save everyone from the corrupt Democrats and socialist. I’m so happy President Trump will have his own media site.