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Trump announces launch new social network ‘TRUTH Social

Local News Alerts by Local News Alerts
September 11, 2022
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Trump announces launch new social network 'TRUTH Social
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Truth Social, Donald Trump’s social media app, could be ready to launch as soon as Monday, marking the former president’s return to a social networking platform 13 months after his Twitter ban.

According to Reuters, posts from Truth Social’s verified account informed beta users that the app is “currently set for release in the Apple App store on Monday, February 21.”

The Reuters report comes after the New York Times reported on Friday that the Truth Social launch could be delayed until next month.
Former Republican congressman Devin Nunes, now CEO of Trump Media & Technology Group, told Fox News’ Maria Bartiromo that his company would begin to roll out Truth Social.

“Our goal is, I think we’re going to hit it, I think we’ll be fully operational at least within the United States by the end of March,” he added.

Time for some Truth!!! pic.twitter.com/jvyteDb5gW

— Donald Trump Jr. (@DonaldJTrumpJr) February 15, 2022

The messages arrive about a week after Trump’s son, Donald Trump Jr., teased the app’s release on his Twitter page.

Rep. Devin Nunes announced his departure from Congress in December 2021 to become CEO of former Trump’s new Trump Media & Technology Group.
Shortly after, the company announced that it had raised $1 billion in funding from an unnamed group of investors to launch a multifaceted media company that included the Truth social media network.

Trump Media and Technology Group (TMTG) was attempting to go public through Digital World Acquisition, a SPAC (special purpose acquisition company).
The $1 billion investment is part of a venture known as PIPE (private investment in public equity).
It is extremely unusual for a company to not disclose its investors in a transaction of this magnitude.

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