Trump’s media company announced the attraction of $ 1 billion in investments

by time news

Specialist Digital World Acquisition Corp., through which Trump Media & Technology Group (TMTG) intends to go public, has raised $ 1 billion in convertible preferred shares, TMTG announced. The company of former US President Donald Trump was founded in 2021, its main product announced is the social network TRUTH Social. The names of the investors were not disclosed.

“$ 1 billion makes bigtech know to end censorship and political discrimination… As we expand our balance sheet, TMTG will be even more able to fight the tyranny of big tech corporations,” Trump said on press release service GlobeNewswire.

Donald Trump announced plans to create his social network in January 2021 after his Twitter and other major platforms were blocked after his supporters storm the US Capitol. In November, TMTG announced TRUTH Social, which, according to a preliminary version of the site, “welcomes open, free and honest global dialogue without discrimination against political ideology.”

The social network, which has not yet been launched, is a copy of the open source project Mastodon, according to a section of the site added after claims from the creator of Mastodon, Eugene Rochko.

On the political tactics of the former US President – in the material of Kommersant, “Donald Trump created the effect of absence.”

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