<p>Former President Donald Trump announced on Wednesday night a new social media company that he plans to officially launch in Spring 2022 called &#8220;TRUTH Social.&#8221;</p>
<p>&#8220;I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,&#8221; Trump said in a statement. &#8220;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. I am excited to send out my first TRUTH on TRUTH Social very soon.&#8221;</p>
<p>&#8220;TMTG was founded with a mission to give a voice to all,&#8221; he added. &#8220;I&#8217;m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn&#8217;t someone stand up to Big Tech? Well, we will be soon!&#8221;</p>
<p>The statement from Trump Media &amp; Technology Group added:</p>
<blockquote><p><em>Trump Media &amp; Technology Group and Digital World Acquisition Corp. (NASDAQ: DWAC) have entered into a definitive merger agreement, providing for a business combination that will result in Trump Media &amp; Technology Group becoming a publicly listed company, subject to regulatory and stockholder approval. The transaction values Trump Media &amp; 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. Trump Media &amp; Technology Group&#8217;s growth plans initially will be funded by DWAC&#8217;s cash in trust of $293 Million (assuming no redemptions).</em></p>
<p><em>Trump Media &amp; Technology Group&#8217;s mission is to create a rival to the liberal media consortium and fight back against the &#8220;Big Tech&#8221; companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.</em></p></blockquote>
<p>The statement said that a beta launch would take place for invited guests in November 2021, and that a nationwide launch is expected in the first quarter of 2022.</p>
<p><em>This article has been expanded after publication to include additional information.</em></p>

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Trump Releases New Details On Social Media Platform That He Is Launching Soon