Former President Donald Trump has once again demonstrated his fundraising capabilities as the fundraising efforts for his new social media platform, TRUTH, hit $1 billion.
Trump Media & Technology Group Corp. (TMTG) announced they have procured “$1 billion in committed capital to be received upon consummation of their business combination (the “PIPE”) from a diverse group of institutional investors.”
None of the investors were identified.
“$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech,” Trump declared.
The former president has been banned from multiple social media platforms, including Twitter and Facebook, following the January 6 Capitol riot after being accused of encouraging and potentially furthering violence. He boasted 89 million followers on Twitter, 33 million on Facebook and 24.5 million on Instagram.
“Big Tech platforms demonetize, throttle, and cancel those who stray from the mainstream narrative. They are not just censoring content – they are determining what can and cannot be said. By controlling how information is shared, they control the narrative. They control the future. They control you.” reads TMTG’s website.
“TMTG intends to even the playing field by providing people with open media platforms where they can share and create content without fear of reputational ruin,” the statement continues…
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