Former President Donald Trump’s social media company has sued The Washington Post for defamation over an article it published earlier this month and is seeking $3.78 billion in damages.
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As former President Donald Trump’s social media platform soared to its best month ever, a growing number of Republicans in Congress are expressing concern that the Biden Securities and Exchange Commission may be slow-walking a compliance review to thwart a merger that could inject hundreds of millions of dollars into Truth Social from investors.
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Trump Media and Technology Group is trying to tamp down its feud with Google over the latter’s refusal to approve its Truth Social app in its current form barely two months before midterm elections.
After TMTG CEO Devin Nunes told “Just the News Not Noise” that he didn’t know “what’s taking so long” for Google to approve the former president’s app, Google said it told TMTG Aug. 19 that the submitted app committed “several violations of standard policies,” including insufficient moderation of user-generated content.
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Truth Social has completed a migration to a massive cloud computing infrastructure run by the video giant Rumble, clearing the way for the social platform started by former President Donald Trump to onboard millions of users quickly, officials told Just the News.
The partnership between two of the nation’s emerging free speech platforms — completed this week — means Truth Social will be ending its beta testing and controlled account creation and moving quickly to erase a backlog of consumers who have been waiting a few weeks to join the platform.
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The social network being launched by former President Trump has announced Feb 21 as the official release date for its app.
The platform, which is being called TRUTH Social, will become available on Presidents Day, according to its listing in the App Store, where it is currently available for preorder.
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The share price of Digital World Acquisition Corp., the company launching former President Donald Trump’s new social media and entertainment venture, rose nearly 190% following Trump’s announcement of his plans to develop the tech platform.
The company, listed on the NASDAQ stock exchange as DWAC, is a special purpose acquisition company (SPAC) that acts as a public shell corporation to acquire private companies and list them publicly on a stock exchange. The company entered into a merger agreement with Trump Media and Technology Group (TMTG) in order to raise public funding for Trump’s social media venture, according to a press release.
Trump announced Wednesday that he was launching a new social media platform called TRUTH Social intended to “fight back” against major tech companies that banned the former president earlier this year. The new venture will also include on-demand video entertainment and news services.
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