Millions of people have been waiting for President Trump to return to social media after he was “canceled” by the globalist regime.
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Trump said in a statement on Saturday that the investment will put his company “in a stronger position to fight back against the tyranny of Big Tech.”
Trump announced his new company in October, “Trump Media & Technology Group” (TMTG).
According to Business Insider,
“President Donald Trump’s forthcoming digital media platform and its SPAC partner says they have entered into subscription agreements to raise an estimated $1 billion from investors.
Trump Media & Technology Group Corp. (TMTG) and Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, announced on Saturday that the two companies reached a deal to fund Trump’s new social media website, TRUTH Social. TMTG has formerly described aspirations for the site and accompanying app to serve as “a conservative media universe” with “non-woke content.”
The deal — which sources first told Reuters was in progress earlier this week — will provide estimated proceeds of $1.25 billion to TRUTH Social, according to a press release. While the identity of the investors remains unknown, the funding will function as “PIPE” investments, or private investments in public equity.”