Former President Donald Trump has announced the creation of a new social media network to counter the lies and censorship of Big Tech fascists including Facebook, Twitter, and Instagram.
Trump, who was summarily deleted by the social media fascists, debuted his new “TRUTH Social’ in a press release from the Trump Media & Technology Group on Wednesday.
“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,” Trump, who is the chairman of TMTG, said in the press release.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable,” Trump added.
?President Donald J. Trump Announces Trump Media & Technology Group?
“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech…
I am excited to send out my first TRUTH on TRUTH Social very soon…” pic.twitter.com/TCZVYq1VJQ
— Liz Harrington (@realLizUSA) October 21, 2021
One big stipulation for users of the new site is that they will be prohibited from attacking the site. In the terms and conditions, the site says users cannot “disparage, tarnish, or otherwise harm, in our opinion, us and/or the Site.”
No doubt this was put in the terms to prevent leftists from flooding the site with the intention to destroy it.
The Washington Examiner added:
The press release said TMTG entered into a “definitive merger agreement” with Digital World Acquisition Corp. that will result in TMTG becoming a publicly listed company, subject to regulatory and stockholder approval.
“The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination,” TMTG said in the press release.
TMTG’s growth plans initially will be funded by DWAC’s cash in trust of $293 million, assuming minimal redemptions, which Patrick Orlando, chairman and CEO of the Digital World Acquisition Corp., said “can fuel TMTG’s scale up, including to provide world class leading technology services to build strong and secure social networks and diverse media offerings.”
The press release also said TMTG intends to start a subscription video on-demand service, TMTG+, that will “feature ‘non-work’ entertainment programming, news, podcasts, and more.”
The new social media outlet already encountered troubles on Thursday when hackers tried to break into the site to vandalize it even though it has not yet gone public.
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