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Ivan covers Big Tech, India, policy, and security for the magazine. That is a mixed bag. He likes to say "Bleh." Ivan covers Big Tech, India, policy, and security for the magazine. That is a mixed bag. He likes to say "Bleh."
All of us have dumb ideas, and our friends might give us a few bucks to fulfill them. A billion dollars? If you are Donald Trump.
US President's social network said in a press release that it just received $1 billion in funding from a "diverse group of institutional investors." The Trump Media and Technology Group is valued at $4 billion after this deal.
The Digital World Acquisition Corp is a Special Purpose Acquisition Company and investors are putting their money into it.
The US could use $1 billion to save more than 40 million people from vaccine-preventable diseases, and Trump could pay for the Secret Service to protect his family for seven months. You get the drift.
The media group and Trump's social network were officially announced in October. The company said it would launch the website and app in invite-only mode by November. It missed the deadline and did not announce the release date.
This is how Trump's social network might look.
The aim of TRUTH was to fight the tyranny of Big Tech. It is hard to do when you do not have any tech. I wouldn't get my hopes up that the network would be open to the public in 2022.
Trump is not allowed on the major social networks of the world. He doesn't have an internet megaphone to yell out his thoughts. Parler was the last right-learning social network, and it burned to the ground after being kicked out of Apple's app store and most cloud companies refused to provide hosting services.
If Big Tech doesn't support the social network, Trump and his team will need a lot of money to put up infrastructure. Even if it is just a mirage, it might stay afloat if it keeps getting more investors.
December 6, 2021.
Back to the beginning.
