Behind is the mysterious Trump Media & Technology Group, obviously chaired by the former US president (but without CEO). Which should soon merge with Digital World Acquisition Corp, a Spac, as Il Foglio explained, that is, a collective investment vehicle intended only to support the birth of the new group by listing it on the stock exchange to raise at least 1.25 billion dollars. This is the web behind Truth, Donald Trump’s social network which, as explained by The Next Web, is expected to debut in February, after having laundry the first deadline of November.
The exact day should be 21, according to information obtained from the Apple App Store, where the application can be pre-ordered by users who are in the United States (it is not visible on the Italian Store), so that it can be downloaded as soon as it is available. The few details available already seem a program: the app intends to fight “the tyranny of Big Tech”, returning to supply the variegated far-right galaxy, still convinced, one year after the dramatic assaults on the Capitol, that the election of Joe Biden was the result of electoral manipulation, a space in which to spread one’s theories after the ban of Trump and other gurus from Twitter and other most widespread and important platforms.
Trump had announced the social network, and the company that would control it, last October. But, in fact, little is known about it, except that in the initial stages it will be an invitation-only social network and that in design and operation it will copy many Twitter features, the great passion of the real estate developer who ended up in the White House from 2017 to 2021. From the few screenshots available it actually looks like a real clone of the bird’s social network, today led by Parag Agrawal.
Our fight against the dark side of the Net and the bad example of former President Trump
by Emanuele Capone
It’s hard to tell if it will really be by invitation only, if it will also be available with a desktop version, if there will be any moderation policies and how they will work. One fact is certain: Gab, Gettr and the other tailored alt-right platforms didn’t make it. When they have not been eliminated from the Apple and Google stores, however, they are not enough for the tycoon to recover that huge audience that the main social networks have.
Meanwhile, investors interested in Truth do not seem to be missing, although they are moving in the grayest of the undergrowth of Wall Street, with the help of half-known financial fixers and with unclear plots with respect to which the Democrats, through the mouth of Senator Elizabeth Warren, have already requested an investigation by the Securities and Exchange Commission, the federal body responsible for the supervision of the stock exchange in the States United. Digital World Acquisition raised $ 1 billion just last month, seeing its stock value jump 20% towards an overall valuation of 5.3 billion. Truth, therefore, could also be the first piece of a much more articulated media group that Trump wants to put together, linked to the social network, to one of his TV and other activities, re-establishing ties with a project that has its roots already in the electoral campaign. 5 years ago. To start from (maybe) to conquer the White House in 2024.
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