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Trump’s company raises $ 1 billion in social media investments

Donald Trump received money for the development of the social network

Social network Truth Social should start making full money early next year.

Trump Media & Technology Group, chaired by former US President Donald Trump, has raised $ 1 billion in investment for its social network. The site reported about it the day before. Axios.

The cost of one startup share was about $ 34.36. The investors in the project remained unknown. The deal took place in a mergers and acquisitions (SPAC) format.

Trump’s company previously reported that social network Truth Social will start working in early November for a limited number of users. At the same time, a full-fledged version, which the whole country will have access to, should start working early next year.

Recall test version of the social network Truth Social was hacked by hackers a few hours after launch. They posted a photo of the pig on Donald Trump’s page.

As you know, after the storming of the Capitol on January 6, 2021, many social networks, including Twitter and Facebook, blocked Trump’s accounts… After that, he tried to find a new site and negotiated with several different platforms.

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