Former President Donald Trump’s new media company, Trump Media & Technology Group (TMTG), announced Saturday that it has secured $1 billion in funding from a “diverse group” of institutional investors ahead of going public via a special purpose acquisition company (SPAC)—a shell company set up for the sole purpose of raising money to acquire another company. The $1.25 billion in proceeds that TMTG estimates will result from the planned merger with Digital World Acquisition Corp., a blank check company headed by financier Patrick Orlando that was set up with the intention of “combining with a leading tech company,” will ostensibly go toward the development and launch of Trump’s forthcoming social media platform, TRUTH Social, as well as future related ventures. [time-brightcove not-tgx=”true”] “$1 billion sends an important message to Big Tech that censorship and political discrimination must end.

BING NEWS:
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    08/15/2022 - 1:01 pm | View Link
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    08/15/2022 - 7:18 am | View Link
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    08/15/2022 - 4:18 am | View Link
  • Trump's social media platform Truth Social, buyer need extension to complete merger
    Digital World Acquisition Corp. announced Friday a special shareholder meeting to approve an extension to the cut-off date to complete its merger with Truth Social.
    08/6/2022 - 9:35 pm | View Link
  • Trump social media deal can’t close on time, needs extension, buyer says
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    08/5/2022 - 11:40 am | View Link
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BING SEARCH:
  • memeorandum: Account bearing name of suspect in Ohio standoff with FBI ...
    FBI attacker was prolific contributor to Trump's Truth Social website — Civil war and violence in support of the former president were frequent topics on an account opened in April and bearing the shooter's name and photo — In the minutes after an armed man in body armor tried to breach … +
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    08/14/2022 - 10:56 am | View Website
  • Donald Trump’s Truth Social deal in jeopardy
    Truth Social was planned to be the flagship product of the Trump Media & Technology Group, a startup that Trump’s advisers said would become a “media powerhouse”.
    08/14/2022 - 5:41 am | View Website
  • Trump's purported free speech social media platform Truth Social is ...
    Kimberly Leonard / Insider: Trump's purported free speech social media platform Truth Social is hiding user posts, threatening to create a ‘curated echo chamber,’ research group finds Check out Mini-memeorandum for simple mobiles or memeorandum Mobile for modern smartphones.
    08/14/2022 - 5:26 am | View Website
  • Social media use by Donald Trump
    Donald Trump's use of social media attracted attention worldwide since he joined Twitter in May 2009. Over nearly twelve years, Trump tweeted around 57,000 times, including about 8,000 times during the 2016 election campaign and over 25,000 times during his presidency. The White House said the tweets should be considered official statements. When Twitter permanently banned Trump from the ...
    08/14/2022 - 4:58 am | View Website
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