All this year, Donald Trump has been banned from major social networks. Not satisfied, he created his own platform, and now announced that it has already raised $1 billion.
Despite this announcement, details are unknown.
The company created by Donald Trump, and linked to its own social network, has announced that it has agreements in place that will lead to raising $1 billion.
The former President of the United States of America said in a press release:
As our balance sheet expands, Trump Media & Technology Group will be in a stronger position to fight the tyranny of Big Tech.
Trump Media and Technology Group, which will be listed on Nasdaq, plans to launch a new social network next year. The platform will be called Truth Social and has been presented as a space where conservatives enjoy freedom of speech, where messages based on political ideologies will not be moderated.
Remember, Donald Trump has previously accused Twitter and Facebook of censorship and political discrimination. At the time, he criticized the two platforms for banning his accounts and thus blocking his voice.
Donald Trump's blog was a test of the last platform
Although it has launch a blog, from Donald J. Trump's office—which he initially described as a podium—closed it shortly thereafter. According to one contributor, Jason Miller, that page was "just an aid to the broader efforts" they were working on, referring to the new social network, Truth Social.
Billion dollars sends an important message to the big tech companies.
Donald Trump said in a press release.
According to Reuters, the former president succeeded in bringing together investors through his personal and political brand. In addition, it revealed that Senator Elizabeth Warren asked the Speaker of the House Securities and Exchange Commission (SEC) to investigate this new work in order to prevent potential violations of laws.
At the moment, public data on the investors involved, nor on financial details, are not yet available.
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