Former President Donald Trump announced on Wednesday the Trump Media & Technology Group (TMTG) will soon launch a new social media network called “Truth Social.”
Truth Social is currently available for pre-order on the Apple App store and will begin its Beta Launch in November for invited guests only, with the nationwide rollout expected in “the first quarter of 2022.” The announcement did not state if or when it will be available on Android.
Anyone interested in joining Mr. Trumps social network can visit www.truthsocial.com to sign up for the invite list.
“Trump Media & Technology Group’s mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,” Trump Media & Technology Group stated in a press release emailed to American Military News.
According to the press release, Trump Media & Technology Group and Digital World Acquisition Corp. (NASDAQ: DWAC) formed a merger agreement that will allow Trump’s media group to become a publicly listed company.
“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. Trump Media & Technology Group’s growth plans initially will be funded by DWAC’s cash in trust of $293 Million (assuming no redemptions),” the release stated.
TMTG will also launch a subscription video on demand service dubbed TMTG+, which will feature “non-woke” entertainment, news, podcasts, and more. TMTG+ Corporate Operations will be led by Scott St. John, who is known for his executive producer work on popular programming like “Deal or No Deal” and “America’s Got Talent.”
In a statement, former President Trump said he 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,” Mr. Trump said.
“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. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!”
In early January, Twitter permanently suspended then-President Trump’s account due to, “the risk of further incitement of violence.”
“After close review of review of recent Tweets from [Trump’s] account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” the company announced.
The social media giant later said that Mr. Trump will never be allowed back on Twitter even if he runs for office again.
The decision to permanently ban Trump came days after a Jan. 6 protest turned violent on Capitol Hill, prompting an evacuation and lockdown in the Capitol building and leading to the deaths of four individuals.
In August, the Federal Bureau of Investigation (FBI) found that the January 6 storming of the United States Capitol was not organized by pro-Donald Trump groups as part of a plot to overturn the results of the 2020 presidential election.