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Donald Trump back on Facebook and Instagram

Trump says he has raised USD 1 billion to return on social media

Donald Trump’s social media company says it has agreements to raise USD 1 billion from investors ahead of a planned stock market listing. Trump Media and Technology Group Corp and Digital World Acquisition Corp announced that DWAC has subscription agreements for USD 1 billion in committed capital.

The Trump company has earlier announced that it plans to launch a social media app next year. Ex-president Trump was suspended from Twitter and Facebook as he was accused of inciting violence in connection with the Capitol Hill riots on January 6.

Trump, chairman of TMTG, said: “USD 1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.”

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When first announcing the new social media, Trump said he “created TRUTH Social and TMTG (Trump Media and Technology Group) to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American President has been silenced. This is unacceptable”.

Trump earlier launched a communication platform called “From the Desk of Donald J Trump” but it was it relatively soon permanently closed with his advisor Jason Miller saying the closing was precursor to Trump’s return to social media.

Read Also:  Facebook Oversight Board upholds suspension of Trump's accounts

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