TRUTH Social: Donald Trump’s New Social Media Platform

Former US President, Donald Trump, has launched his own social media network called “TRUTH Social”.

Key Facts

• This platform was launched after Donald Trump faced bans from Facebook and Twitter.
• Trump’s social media platform will stand up to the pattern of Big Tech.
• This app is likely to be the first project of “Trump Media and Technology Group (TMTG)” following its merger with Digital World Acquisition Group. Former US president, Trump, is the chairman of the group.

Why trump launched this platform?

Former president of United States launched this platform as his social media accounts either got temporarily suspended or even banned due to his controversial posts. Accounts were suspended following the attack on the Capitol back in January 2021.

Trump Media and Technology Group (TMTG)

This newly merged entity is chaired by Trump. It will form a rival for the liberal media consortium. The company was established through a special purpose acquisition company (SPAC). SPAC is a popular vehicle for several transactions such as transitioning a “private company” to “publicly traded company”. Such companies are often dubbed as “blank check companies.”

About TRUTH Social

TRUTH Social app is up for pre-registration in Apple App Store. Its Beta version will be available to only invitees from November 2021. However, it will be rolled out country-wide in first quarter of 2022.

Month: Current Affairs - October, 2021