“Social Truth”: Donald Trump Raises $ 1 Billion to Fund His Social Network

2021-12-04T22: 25: 17.544 + 01: 00

Donald Trump’s social media project is moving forward. The company that will give rise to the platform of the former US president and the company with which it must merge to go public said this Saturday that a group of institutional investors had pledged to contribute one billion dollars. This sum would add to the $ 293 million already recovered by Digital World Acquisition Corp when it hit Wall Street in September, a press release details.

By eliminating transaction fees, Trump Media & Technology Group should recoup $ 1.25 billion to fund the launch of the former White House tenant’s social network, the document added. The two companies did not say who the investors were who pledged to provide the funds.

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