E Don Happen

Daily Story

Entertainment World

Former US President Plans to Lunch TRUTH Social – A new social media platform

Donald Trump, a US President  announced plans to launch his own social networking platform called “TRUTH Social,” which is expected to begin its beta launch for “invited guests” by November 2021 .

The TRUTH Social platform will be owned by Trump Media & Technology Group (TMTG), which also intends to launch a subscription video on-demand service that will feature  entertainment programming, the group said in a statement cited by edonhappen news

According to  Donald Trump, “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,” Trump, who was banned from Twitter and Facebook in the wake of the Capitol insurrection carried out by his supporters on January 6 this year, was quoted as saying in the statement.

The Trump Media & Technology Group will merge with blank check company Digital Acquisition Corp to make TMTG a publicly-listed.

“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,” it stated. Ever since he was banned from the world’s dominant social networks as punishment for stirring up the mob that ransacked Congress on January 6, Trump has been looking for ways to reclaim his internet platform

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *