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REPORT: Trump social media startup receives MASSIVE financial commitment from unidentified ‘diverse group’ of investors

DML News App

December 4, 2021

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

Trump Media & Technology Group Corp. and Digital World Acquisition Corp. Announce $1 Billion “PIPE” Investment in Committed Capital to Fund Business pic.twitter.com/4eOXOwMvkm

— Liz Harrington (@realLizUSA) December 4, 2021

…position to fight back against the tyranny of Big Tech.” – President Donald J. Trump, Chairman of TMTG

— Liz Harrington (@realLizUSA) December 4, 2021

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

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