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Former President Donald Trump prepares to speak during the Conservative Political Action Conference CPAC held at the Hilton Anatole in Dallas, Texas, on July 11, 2021. (Brandon Bell/Getty Images) Former President Donald Trump has secured agreements from investors for $1 billion as he works to establish a social media platform to rival the Big Tech companies that deplatformed him.
Trump announced Saturday that the pledges from unnamed investors will turn into investments once Digital World Acquisition Corp., a blank-check firm , and the social media group known as Trump Media & Technology Group Corp. are combined.
The group plans to debut a platform called TRUTH Social in 2022.
“$1 billion sends an important message to Big Tech that censorship and political discrimination must end,” Trump, the chairman of the group, said in a statement.
“Our focus on delivering public shareholder value drives our decision-making and by accepting these commitments for a strategic infusion of growth capital, we believe the combined company can grow on an incredibly strong foundation,” Patrick Orlando, chairman of Digital World, added.
The investors were described as “a diverse group” but no names were released.The capital is expected to be used to hire top talent, for advertising campaigns, and to help […]
Read the whole story at www.theepochtimes.com
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