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Trump social media company claims to raise $1bn from investors
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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.
Trump remains in extensive legal jeopardy, arising from both his lie that his defeat by Joe Biden was caused by electoral fraud – which stoked the attack on Congress – and his financial affairs.
Amid investigations of the Trump Organization, Trump’s personal worth is reckoned to have
Read more on theguardian.comAbout this in other media
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