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Donald Trump announced Wednesday that he will soon unveil his own social network called Truth Social. The beta version is expected to be available in November. The platform aims to be an alternative to Big Tech.
“Trump Media & Technology Group’s mission is to create a rival to the liberal media consortium and fight back against the “Big Tech” companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,” Trump Media & Technology Group said in a statement.
The company explained that the decision comes after Trump Media & Technology Group and Digital World Acquisition Corp. signed a definitive merger agreement, which provides for a business combination that will result in Trump Media & Technology Group.
This is with the intention of becoming a publicly-traded company subject to regulatory and shareholder approval. “The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares,” the release said.
Trump on Truth Social
Before the announcement, the former Republican president celebrated the signing of the contract. He pointed out that the objective of creating a new digital platform is for American citizens to have a space where they can express themselves freely.
“I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!” Trump commented.
The former Republican president, since leaving the U.S. Presidency, has been censored by Big Tech, such as Twitter and YouTube. For example, in March of this year, the former president’s family denounced Facebook’s censorship of an interview with his daughter-in-law, Lara Trump.
In the notification they received from Facebook, it is reported that the accounts that publish content of the former president could have other limitations. His son Eric Trump said that it is a disgusting fact: “This is so horrible – what is our country becoming?!”