July 20, 2024

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Trump, banned on Twitter for spreading false news, decided to launch his social network in February

Trump, banned on Twitter for spreading false news, decided to launch his social network in February

After being banned from Twitter and Facebook for spreading false news, Trump launched his social network on February 21

Reuters Former US President Donald Trump’s new media project plans to launch the social network app TRUTH Social on February 21, according to a listing on the Apple App Store.

TRUTH Social, the alternative to Trump Media & Technology Group (TMTG) for Twitter, is available for pre-order before broadcasting on the US Presidents Day holiday.

Similar to Twitter, the app offers features to follow users and “trends”, according to the raw images. The equivalent of a tweet would be called “The Truth”.

The launch of the app is expected to come 13 months after Meta, Facebook and Twitter banned Trump for encouraging his supporters to participate in the January 6, 2021 attack on the US Capitol, based on unfounded allegations of widespread fraud in the 2020 presidential election.

TMTG and Apple did not respond to requests for comment, but an informed source confirmed that February 21 is the planned release date for the app.

The launch is expected to be the first of three phases in TMG’s development. The second is a subscription-based video-on-demand service called TMTG+ with entertainment, news, and podcasts, according to the company’s website. A presentation to investors in November indicated that TMTG also wants to launch a podcast network.

TMTG is valued at $5.3 billion based on Digital World Acquisition’s share price.

TMTG agreed in October to merge with Blank Check Corporation (SPAC) in a deal worth $875 million.

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Democratic Senator Elizabeth Warren asked the Chairman of the Securities and Exchange Commission (SEC) last month to investigate the merger for possible violations of securities laws surrounding disclosure. The Securities and Exchange Commission declined to comment on whether it plans any action.

Last month, Talaat Moustafa Group raised another $1 billion from private investors.

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