https://safirsoft.com Trump launches his social media platform to compete with Twitter and Facebook

The former US president will be revealed to the public through the merger with SPAC with TRUTH Social. The president seeks to use his popularity among a large number of Republicans.

The move comes after months of speculation over whether Trump will launch a media company to compete with Twitter and Facebook and pave the way for the run-off in the 2024 presidential election.

Trump, who used Twitter a lot during his tenure. In the wake of the January 6 attack on the US Congress, the 2016 and four-year campaign was blocked on the platform, along with Facebook, YouTube and other major social networks.

The former president said in a statement Wednesday that the new program is under the control of Trump's media and technology group. He said, "We live in a world where the Taliban has a large Twitter presence, but your favorite president in the United States is silent. This is unacceptable. Regarding stock performance," he said. In September, Digital World raised $293 million in cash in an initial public offering, with eleven investment funds, including DE Shaw and Saba Capital, managed by prominent Democratic donors, said to be making the bid. Cash is used to invest in Trump's media business. TRUTH Social is now available for pre-order on the Apple App Store, due out next year. The program has been described as the "Big Tent" US social media platform that promotes free, open and honest global dialogue without discrimination against political ideology.” Joe Biden in January, but continues to publish in the press through the "Save America" ​​political action committee, The White House is publicly playing 2024. The presidential nomination process, and many candidates have endorsed ahead of next year's midterm elections, when control of the House and Senate is in dispute. Trump and other Republican lawmakers have accused big tech companies of censorship and bias against conservatives, and have called for A review of the rules governing a platform's responsibility for their speeches Several smaller "freedom of speech" platforms have emerged, some of which recently partnered with the former president to provide him with hospitality.

Former Trump senior adviser Jason Miller issued a statement this year congratulating “Facebook and Twitter will now lose more market share,” Miller said on his social networking platform Gettr. “President Trump has always been a great trader, but we can’t agree on a deal.”

Miller did not respond to immediately on A request for comment.

Additional reporting by Hannah Murphy in San Francisco.

© 2021 The Financial Times Ltd. All rights reserved, not to be distributed, copied or modified in any way.

Trump launches his social media platform to compete with Twitter and Facebook
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