New ‘Truth Social’ On The Move- Breaking Update On Release

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If you’re sick of the conservative censorship of today’s major social media platforms, have no fear—The day of reckoning is here. The short explanation is that two companies have merged to create a better, freer platform that will give companies, like Facebook, a run for their money.

Trump Media and Technology Group and Digital World Acquisition Group, which is already listed on the Nasdaq, have entered into a merger to form a new company, chaired by the former president, according to a press release:

“Trump says the group will form “a rival to the liberal media consortium.”

Its first step will be launching a new social media platform called TRUTH Social. A beta version will be available to invited guests in November, according to the release.

“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” Trump said in the statement.

According to the release, the company was formed using a special purpose acquisition company, or SPAC, which the Securities and Exchange Commission’s website says is a “popular vehicle for various transactions, including transitioning a company from a private company to a publicly traded company.” The SEC says these companies are often referred to as “blank check companies.”

Patrick F. Orlando, who according to the release is the chairman and CEO of the Digital World Acquisition Group that is merging with the former president’s new media company, is also CEO of Yunhong International, which itself is an international blank check company incorporated in the Cayman Islands with headquarters in Wuhan, China, according to Bloomberg.”

This is exciting news because it’s not ‘just talk’. Seeing investors on Nasdaq means the company will have the means to compete and hopefully break through the big tech block.

Trump Media and Technology Group also plans to launch a video on demand service, TMTG+, to feature “non-woke” content, it said.

Trump and his network have been building up to the release of his own platform, which he hinted at earlier this year. In the past he had a large presence on Twitter, where he launched attacks against critics and broke news about his administration. Since his absence from the major social media sites, Trump has sent a constant stream of press releases with tweet-like statements to the media and supporters.

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