February 1, 2023

Raven Tribune

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One Billion Dollar Pledge: Trump Finds Sponsors for Network Project

One billion dollars was pledged
Trump found sponsors for the network project

Donald Trump has more followers in the United States and he will not only reach them through channels like Twitter and Facebook. The former president wants to create his own network through “Truth Social”. There are already sufficient liabilities for the required start-up capital.

Former US President Donald Trump made the effort Planned online network And the related IPO saw support from financially strong investors. These are worth $ 1 billion (80 880 million), announced by Trump-founded Trump Media & Technology Group (TMTG) and its partner company Digital World.

The announcement did not specify who the billion-dollar investors were. Both companies said in September that Digital World would add this money to the $ 293 million it already earned in September.

“One billion dollars is important news for Big Tech that censorship and political discrimination must end. The United States is ready for Truth Socialism that does not discriminate on the basis of political ideology,” it said. Press release From TMTG

Trump has been banned from major online sites such as Twitter, Facebook and YouTube since attacking Capitol on January 6th. The 75-year-old announced his own site as an alternative to the “tyranny” of the big tech companies. Operating under the name “Truth Social” it will be launched early next year. Trump is still very popular in the conservative base and is playing the renewed presidential candidate in 2024.

Digital World Acquisition Corp is also known as the Special Purpose Acquisition Company (SPACE). As a speck, this is, so to speak, an empty shell already traded on the stock market. Using such stock market vehicles is a popular way to get to Wall Street in the United States.

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