Culture

President Trump’s New Project Just Got An Absolutely Amazing Boost!

President Trump’s not one for taking things lightly even though he is no longer in the oval office. Indeed, take a look at his latest project, and you will realize that he not only has that same business and entrepreneurial spirit on his side, but his most recent endeavor has received a huge boost as well.

His new project is called Truth Social, and this is President Trump’s new media venture that he is trying to start. There have been millions upon millions of Trump supporters who have been awaiting President Trump’s eventual return to social media after the “globalist” regime had canceled him, and starting his own media network is how he plans to do it.

There are plenty of rumors swirling around this site, and one of the main ones is that there is already a beta version of Truth for select guests. Of course, once President Trump’s new social media network passes the beta stage, it will be available to everyone.

Moreover, we now have some unexpected good news regarding the site as well. Apparently, Truth Social has received an unexpected $1 billion dollar shot in the arm. Yes, folks, that is billion with a “B.”

Business Insider is now reporting that President Trump’s forthcoming digital media platform and the SPAC partner associated with it have entered into subscription agreements that will raise an estimated $1 billion from investors.

Trump Media and Technology Group Corporation (TMTG) and Digital World Acquisition Corporation, a special acquisition company, recently announced last Saturday that they have both reached a deal to fund President Trump’s new social media website, TRUTH Social. TMTG is seeking to develop something that would be known as a “conservative media universe” that has “non-woke content.”

Sources told Reuters that the deal was in progress earlier this week and will provide estimated proceeds of at least $1.25 billion to TRUTH Social, according to the press release. Of course, the identity of the investors remains unknown, but the funding will function as “PIPE” investments with public equity.

Trump said in a Saturday statement that this investment is going to put his company “in a stronger position to fight back against the tyranny of Big Tech.”

Trump announced last October that his new company was going to be called “Trump Media & Technology Group” (TMTG).
Trump also shared his plans for a new messaging app called “Truth Social” and he believes that this is going to give Facebook and Twitter a run for their money.

TMTG’s plans on becoming a publicly-listed company through a merger with the publicly-traded Digital World Acquisition Group, known as a “special purpose acquisition company” and their main purpose is to help take private companies such as President Trump’s new startup and make them public.

This is amazing news, and it demonstrates that President Trump’s social media startup is going to be on par with Facebook and Twitter, and I have a feeling that it is going to wipe both of them out. I can’t wait.

 

 

 



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