Majorie Taylor Green recently got banned from the social media platform Twitter. Her account was closed on the grounds that it violated the Covid-19 misinformation policy.
Also, Donald Trump was permanently suspended from Twitter a few days after the January 6 protests.
On suspending Green from the platform, a Twitter spokesperson said, “We’ve been clear that, per our strike system for this policy, we will permanently suspend accounts for repeated violations of the policy.”
This ban outraged the former US President, Donald Trump. Trump went on calling Twitter “a disgrace to democracy.”
He, in a statement, said, “Marjorie Taylor Greene has a huge constituency of honest, patriotic, hard-working people,” “They don’t deserve what’s happened to them on places like low-life Twitter and Facebook.”
Trump also asserted that the left-leaning views of Twitter “are a disgrace to our Nation. Keep fighting, Marjorie!”
Green was quick in response to her ban from Twitter. She said, ” Twitter is an enemy to America and can’t handle the truth,” “That’s fine, I’ll show America we don’t need them, and it’s time to defeat our enemies.”
TRUMP AS TWITTER RIVAL
When Donald Trump was permanently banned from Twitter, his company TMTG proposed launching a new social media platform. They named it Truth Social.
“Truth Social” is a Twitter knock-off in which posts are called Truths. Similarly, reposts are named re-truths.
Trump was banned from Twitter and Facebook in 2021. This happened probably due to the United States Capitol Attack in 2021. Following this, he also launched a site called “From the Desk of Donald J. Trump.”
On this site, he posted an announcement in a Short tweet format. However, this site was shut down in less than a month.
TRUMP AGAINST TWITTER
Trump made several remarks about Twitter after he was banned from it. The announcement of TruthSocial came with many harsh remarks on Twitter.
Donald Trump, in a statement, said that his company will be “in a stronger position to fight back against the tyranny of Big Tech.”
He also added, “America is ready for TRUTH Social, a platform that will not discriminate based on political ideology.”
ABOUT TRUTH SOCIAL
TMTG (Trump Media and Technology Group) recently proposed a social media platform called Truth Social. The former President then made a prospect to launch a new social media platform- Truth Social.
The posts made by the users are called ‘Truths.’ The reposts are called ‘retruths.’ Similarly, the news feed is called ‘Truth feed.’ The idea is very similar to the social media site Twitter.
Mastodon, a free and open-source social network hosting software, is customized for Truth Social.
After the announcement of the launch of Truth Social, SPAC and DWAC announced a merger with TMTG. TMTG was valued at $875 million on 21 October 2021.
After the announcement of Truth Social, DWAC also saw a rise of 400%. The highly volatile stock of the company was compared to GameStop Short Squeeze. SPACs raise funds from investors by first selling the shares to the public. They then acquire unknown private companies.
Many of the SPACs investors were unaware of the fact that their money would be used to finance Trump’s company.
Truth Social Raises $1 Billion from Investors
TMTG said that along with SPACs and PIPE, Truth Social raised $1 billion in December 2021. The investors for the company are unidentified. The funding is expected to reach up to $3 billion, as reported by The Financial Times. According to the Digital World Stock Prices, the company is valued at $4 billion as of 3rd December 2021.
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