Trump social media company claims to raise $1bn from investors
- Trump Media & Technology Group launched in October
- Investors not identified but partner claims ‘diverse group’
Donald Trump’s new social media company and its special purpose acquisition company partner said on Saturday the partner had agreements for $1bn in capital from institutional investors.
The former president launched Trump Media & Technology Group (TMTG) in October. He unveiled plans for a new messaging app called Truth Social, meant to rival Twitter and the other social media platforms that banned him following the deadly attack on the US Capitol on 6 January.
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