"I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. 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 said in a release.
"I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I'm excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn't someone stand up to Big Tech? Well, we will be soon!" he added.
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Trump was extensively suspended from major social media networks, including Facebook and his beloved Twitter, at the start of the year after the deadly Jan. 6 Capitol riot. After leaving office, he ran a blog similar to Twitter before shutting it down about a month after it started.
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Earlier in October, Trump asked a federal judge to push Twitter into restoring his account.
"Coerced by members of the United States Congress, operating under an unconstitutional immunity granted by a permissive federal statute, and acting directly with federal officials, Defendant is censoring Plaintiff, a former President of the United States," the motion read.
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A beta launch of the site for "invited guests" is expected in November, with a full launch in the first quarter of 2022.
The site's upcoming launch was coupled with the announcement that Trump Media & Technology Group has started a definitive merger agreement with Digital World Acquisition Corp. that will enable it to become a publicly listed company.
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According to MarketWatch, Digital World Acquisition Corp. is a blank-check company that was founded on Dec. 11, 2020. As a blank-check company, it has no specific business plan and was acquired or merged with other companies.
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Along with social media service, TMTG also intends to launch a subscription video-on-demand service called TMTG+, which it says will feature "non-woke" entertainment programming, news, podcasts, and more.
Scott St. John, an executive producer of Deal or No Deal and America's Got Talent, was named head of TMT Corporate Operations and will oversee the service. Patrick Orland, CEO of Digital World Acquisitions Corp, said his company would merge with TMTG to create the new services.
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"Digital World was formed to create public shareholder value and we believe that TMTG is one of the most promising business combination partners to fulfill that purpose.
"DWAC currently has $293 Million in trust, assuming minimal redemptions, which 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."
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