Truth Social (also amplified as TRUTH Social) is a social media outlet created by Trump Media & Technology Group (TMTG). TMTG is an American agency and technology company founded in October 2021 by former U.S. President Donald Trump. The Truth Social outlet is a free and open-source circulated social network. This is owned by the former president of America Donald Trump itself.
Former President of the U.S.A Donald Trump raised an outlook of creating a new social media platform after he was prohibited from Facebook and Twitter in 2021, after the Capitol Riot of January 6th.
Trump Media & Technology Group’s mission is to develop an opponent to the liberal media association and fight back against the “Big Tech” organizations of Silicon Valley. It has used its unilateral strength to silence opposing voices in America.
“We live in a world where the Taliban have a huge presence on Twitter, but your favourite US president has been silenced. That is unacceptable,” Trump said in a written statement contained in a press release. “I am excited to send my first truth to the Truth Society very soon. TMTG was founded with the mission of giving everyone a voice. I look forward to sharing my thoughts on True Social and fighting Big Tech soon.”
In May 2021, Trump inaugurated “From the Desk of Donald J. Trump”, a web page where he posted short tweet-like statements. The USA announced in early June that it was shut down after less than a month. Trump’s senior assistant Jason Miller ensured that it would not be coming back.
The service was inaugurated on 21 February 2022. It has undergone many drastic and continuously scaling complications from the advent, supervising a lower than believed user base. It is accessible to limited users in the United States.
About Trump Media & Technology Group
Trump Media & Technology Group (TMTG) is also known as T Media Tech LLC. Former U.S. President Donald Trump founded American media and technology company in January 2021. To be the CEO of the organization Devin Nunes who is a Republican U.S. representative resigned from his seat on 1st January 2022. A Social Network known as Truth Social was launched by TMTG.
Truth Social was released on iOS by TMTG on 21st, February 2022
The network faced significant and continual scaling issues. According to the reports by Reuters in early April 2022, stated that Josh Adams who was the company’s head of technology, and Billy Boozer, the head of product development, resigned their posts after the “troubled” launch of Truth Social.
An announcement made by the video platform Rumble on 22 April 2022 stated that Truth Social successfully migrated its website and mobile applications to Rumble’s cloud infrastructure.
TMTG intends to use a special-purpose acquisition company (SPAC) to facilitate its becoming a publicly-traded company.
DWAC announced a merger with TMTG
Digital World Acquisition Corp (DWAC), a publicly-traded SPAC and TMTG made an announcement on 20th October 2021 stating that they had got into an agreement that would combine the two entities and will allow TMTG to become a publicly-traded company.
DWAC was created with the help of ARC Capital, a Shanghai-based firm adept at listing Chinese companies on American stock markets. It had been a target of SEC investigations for misrepresenting shell corporations. Some investors were bewildered when they came to know that their investment money was being used to finance Trump’s company.