Donald Trump, the twice-impeached former U.S. president who has repeatedly spread falsehoods about the 2020 election, announced that he’s launching a social media network called (really) Trut…
Trump also claims to be prepping the launch of a subscription-streaming service stocked with “non-woke” entertainment programming.
Trump was kicked off all major internet platforms over his role in the Jan. 6, 2021, deadly attack on the U.S. Capitol during which he expressed support for rioters who were aiming to overturn the results of the 2020 election. This summer, alleging they violated his First Amendment rights, seemingly oblivious to the fact that the U.S. Constitution doesn’t prohibit private companies from restricting speech and that internet services are allowed under U.S. law to remove harmful content.
“I created Truth Social and TMTG to stand up to the tyranny of Big Tech,” Trump, who was identified as the chairman of TMTG, said in a statement. “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. I am excited to send out my first Truth on Truth Social very soon. TMTG was founded with a mission to give a voice to all.
Trump Media & Technology Group plans to become a publicly traded entity through a merger with Digital World Acquisition Corp., a special purpose acquisition company . The transaction values Trump Media & Technology Group at an initial enterprise value of $875 million, with a potential for a cumulative valuation of up to $1.7 billion depending on the performance of the stock price post-merger, the companies claim.
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