Former President U.S. Donald Trump’s new media venture plans to launch its social media app Truth Social on Feb 21, per Associate in Nursing Apple App Store listing.
Truth Social, the Trump Media & Technology group (TMTG) various to Twitter, is available for pre-order before going live to tell the tale of the US Presidents’ Day holiday.
kind of like Twitter, the app offers options to follow other people and trending topics, according to demo photos. Its message equivalent of a tweet is dubbed “truth”.
The app’s launch would come thirteen months once Meta Platforms’ Facebook and Twitter prohibited Trump from encouraging his supporters to participate in the January 6 attack on the U.S. Capitol supported uncorroborated claims of widespread fraud in the 2020 presidential election.
Marking the annual anniversary of the attack, US President Joe Biden aforesaid on Thursday that his predecessor’s false claims could unravel the rule of law and subvert future elections.
TMTG and Apple did not reply to requests for comment, however, a supply at home with the matter confirmed that Feb 21 is that the planned launch date of the app. The launch is anticipated to be the primary of 3 stages in TMTG’s development.
The second would be a subscription video-on-demand service referred to as TMTG+ with entertainment, news, and podcasts, per the corporate website. A November capitalist presentation indicated that TMTG also desires to launch a podcast network.
TMTG is valued at $5.3 billion (roughly Rs. 39,430 crores) supported by the stock worth of Digital World Acquisition, which rose 20 % once Reuters reported the app’s listing on the App Store.
TMTG in agreement in October to merge with the blank-check firm at a valuation of $875 million (roughly Rs. 6,510 crores).
Trump supporters and retail investors have snapped up Digital World’s stock, betting that Trump’s quality along with his Republican political base will translate into a billboard runaway success.
The blank-check acquisition deal faces restrictive risk. Democratic U.S. Senator Elizabeth Warren asked Securities and Exchange Commission Chairman port of entry Gensler last month to investigate the planned merger for potential violations of securities laws around disclosure.
The SEC has declined to investigate whether or not it plans any action. TMTG last month raised an additional $1 billion (roughly Rs. 7,440 crores) from non-public investors.
Trump canceled a conference at his Mar-a-Lago estate in Everglade State that had been scheduled for January 6, marking the annual anniversary of the Capitol attack. He aforesaid he will instead deliver remarks at a rally in Arizona on January 15.