Saturday, 4 December 2021

Trump social media company claims to raise $1bn from investors

  • Trump Media & Technology Group launched in October
  • Investors not identified but partner claims ‘diverse group’

Donald Trump’s new social media company and its special purpose acquisition company partner said on Saturday the partner had agreements for $1bn in capital from institutional investors.

The former president launched Trump Media & Technology Group (TMTG) in October. He unveiled plans for a new messaging app called Truth Social, meant to rival Twitter and the other social media platforms that banned him following the deadly attack on the US Capitol on 6 January.

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from World news | The Guardian https://ift.tt/3oog55d

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