Former American president Donald Trump is ahead of launching a new social media platform, the TRUTH social

Donald Trump

Donald Trump

Washington: As the former American president is banned from several social media platforms, he has taken a decision to launch his own social media app. The Trump media and Technology group and the Digital World Acquisition Group, which has been already placed in the list of Nasdaq, has entered into a merger and will lead to the formation of a new company, in which the chairman is the former president, according to the press release.

Trump even says that the group will form a rival to the liberal media consortium. In its very first step, it will launch a new social media platform which will be called TRUTH Social. Which is a beta version that will give the allowance of the invitation of the guests in November, according to the release. "We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced," Trump said in the statement.

Upon the release, the company has been formed using a special purpose acquisition company, or SPAC, along with the securities and the exchange Commission’s website says that it is a “popular vehicle for various transactions, including transitioning a company from a private company to a publicly-traded company." The SEC says these companies are often referred to as "blank check companies." Patrick F. Orlando, who according to the release is the chairman and CEO of the Digital World Acquisition Group that is merging with the former president's new media company, is also CEO of Yunhong International, which itself is an international blank check company incorporated in the Cayman Islands with headquarters in Wuhan,

China, according to Bloomberg. The new social media platform will be owned by Trump Media & Technology group. (TMTG), which also has an intention further to launch a subscription video, based on the demand service, which will feature a “non-woke”, entertainment programming the group went on to say in their statement.        



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