File Picture
The Trump Media and Technology Group (TMTG) and Digital World Acquisition Corporation entered into a definitive merger agreement and is set to launch a social network named ‘TRUTH’ Social.
‘Trump Media & Technology Group and Digital World Acquisition Corp. (NASDAQ: DWAC) have entered into a definitive merger agreement, providing for a business combination that will result in Trump Media & Technology Group becoming a publicly listed company, subject to regulatory and stockholder approval,’ TMTG said in a statement.
Former US President Donald Trump, the company chairman, in the statement said he created TRUTH Social and TMTG ‘to stand up to the tyranny of Big Tech’.
‘We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American President has been silenced.
‘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,’ Trump added.
Trump says the group will form ‘a rival to the liberal media consortium’.
Its first step will be launching a new social media platform called TRUTH Social. A beta version will be available to invited guests in November, according to the release.
