Syndication: Arizona Republic
NEW YORK (77WABC) – Former President Trump’s latest business venture, the launch of a social media app called Truth Social. TRUTH Social, the Trump Media & Technology Group (TMTG) will be an alternative to Twitter
According to Apple Inc App Store listing, the app will launch on February 21st and will be available for pre-order before going live on the U.S. Presidents’ Day holiday.
The launch is expected to be the first of three stages in TMTG’s development. The second would be a subscription video-on-demand service called TMTG+ with entertainment, news and podcasts, according to the company website. A November investor presentation indicated that TMTG will likely launch a podcast network as well.
TMTG is currently valued at $4.3 billion based on the stock price of Digital World Acquisition Corp. TMTG agreed in October to merge with the blank-check firm at a valuation of $875 million.
Trump supporters and retail investors have already begun snapping up Digital World’s stock, betting that Trump’s popularity with his Republican political base will translate into big money.
