Trump's new media venture announced Tuesday it's partnering with a Canadian video platform popular among conservatives and the far-right, to host video services on the planned social media network TRUTH Social, which Trump said will "serve as a critical backbone" for the site.
President Donald Trump spoke at a "Make America Great Again" rally in Phoenix. The photo was taken by Nicholas Kumm.
The images are from the same source.
The Trump Media and Technology Group announced a partnership with Rumble on Tuesday and said they are in exclusive negotiations to launch a subscription-based streaming service called TMGT+.
The TRUTH Social website was reported to have not gone online by the self-imposed November deadline, but it was claimed that a new version of the website had been launched.
Trump said in a statement that the cloud services are for "invited guests only."
The website is expected to be fully rolled out in the first quarter of 2022.
Trump said the initial launch was excellent. America is ready for TRUTH Social and the end of culture.
The key background.
After merging with special purpose acquisition companies, the two companies are set to be listed on the public market. The Digital World Acquisition Corp.'s shares went from $10 a share to as high as $175 a share before they settled back to around $50 a share recently. The shares of the company rose more than 12% to $12.86 a share in after hours trading Tuesday.
What to watch for.
The company is trying to raise $1 billion by selling shares to hedge funds. According to the report, Trump has personally phoned potential investors and asked for more than $100 million.
The first product deadline for the Trump SPAC social media company was missed.
The video platform is going public.
Trump isEnriching Wall Street Elites while Screwing His Own Supporters.
The Trump Media Company is trying to raise $1 billion after failing to launch their website on time.
