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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:

Former President Trump’s social media group, Trump Media & Technology Group Corp. (TMTG), and its blank-check company announced on Saturday it had received a commitment of $1 billion from an unidentified “diverse group of institutional investors.”

TMTG and blank-check company Digital World Acquisition Corp. said that “subscription agreements for $1 billion in committed capital” would be received from an unknown group of investors once TMTG and Digital World are combined.

The article goes on to state the following:

In October, Trump announced that he would be creating a social media network dubbed “Truth Social,” whose full launch is expected in the first quarter of 2022. The network has been advertised as a platform “that encourages open global conversation without discrimination on the basis of political ideology.”


In a press release announcing the massive financial commitment, Trump released the following statement:

“$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.” – President Donald J. Trump, Chairman of TMTG

To get more information about this article, please visit TheHill.com.

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