NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

«Stand Up To Tyranny Of Big Tech» : Trump To Launch His Own Social Network.

'Stand Up To Tyranny Of Big Tech': Trump To Launch His Own Social Network

Donald Trump announced plans to launch his own social networking platform.

Washington, United States:

Former US president Donald Trump announced plans Wednesday to launch his own social networking platform called "TRUTH Social," which is expected to begin its beta launch for "invited guests" next month.

The long-awaited platform will be owned by Trump Media & Technology Group (TMTG), which also intends to launch a subscription video on-demand service that will feature "non-woke" entertainment programming, the group said in a statement.

"I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech," Trump, who was banned from Twitter and Facebook in the wake of the Capitol insurrection carried out by his supporters on January 6 this year, was quoted as saying in the statement.

"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," he continued.

The Trump Media & Technology Group will merge with blank check company Digital Acquisition Corp to make TMTG a publicly-listed company, the statement said.

"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," it stated.

Ever since he was banned from the world's dominant social networks as punishment for stirring up the mob that ransacked Congress on January 6, Trump has been looking for ways to reclaim his internet platform.

In May he launched a blog called "From the Desk of Donald J. Trump," which was touted as a a major new outlet.

But Trump, who was also banned from Instagram, YouTube and Snapchat in the wake of the Capitol mayhem, canceled the blog just a month later.

Former Trump aide Jason Miller launched a social network called Gettr earlier this year, but the former president has not yet joined it.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Related news
Indian Man Builds Taj Mahal Replica Home for Wife

Indian Man Builds Taj Mahal Replica Home for Wife

A lovestruck and historically minded Indian husband has emulated the world's most famous display of marital devotion by building a replica of the Taj Mahal for his wife. It cost $200,000 (15 million rupees) to build. The original Taj Mahal, dubbed...

Expert says this is the most important thing we need to know about Omicron.

Expert says this is the most important thing we need to know about Omicron.

Dr. Peter Hotez discusses the Omicron variant and when we'll know if vaccines are effective against it. #CNN #News

‘Freak show caucus’: Acosta responds to Boebert’s remark.

‘Freak show caucus’: Acosta responds to Boebert’s remark.

CNN's Jim Acosta reacts to Rep. Lauren Boebert's (R-CO) recent racist comments and the lack of action from GOP leadership. #CNN #News

1 539

Writer says non-supporters are using Trump’s lie

Writer says non-supporters are using Trump’s lie

David Frum, a former speechwriter for George W. Bush, argues that non-supporters of former President Trump are using his "Russia hoax" lie to their own advantage. #CNN #News

1 201

Retailers hire private security amid crime surge

Retailers hire private security amid crime surge

'The Big Saturday Show' panel weighs in as states like California face smash-and-grab thefts during holiday season #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-enco...

Theft On The Rise During Holiday Shopping Deals

Theft On The Rise During Holiday Shopping Deals

As shoppers rush for holiday deals, thieves grab items and run out of stores. The surge coincides with the most robust time of year for businesses.» Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and ...