Trump’s $ 1 billion investment in media!

According to the Fars News Agency media reporter, quoting Washington Times, Trump’s media partner says $ 1 billion has been invested in establishing the former US president’s social network.

Palm Beach, Florida (AP) Associated Press Donald Trump’s new social media company has signed deals with a $ 1 billion investment from institutional investors.

The former president launched his new company, Trump Media and Technology Group, in October. He unveiled a plan for a new messaging app called Social Reality to compete with Twitter and other social media platforms that banned him after the Jan. 6 riots at the US Capitol.

TMTG’s plan is to become a public limited liability company by merging with Digital World Acquisition Corp.

Institutional investors were not identified in a press release issued by Trump on Saturday to the media and the digital world. This money operates after the merger of these two companies from a diverse group of investors.

Digital World Corp. said in a statement that $ 1 billion was in excess of the $ 293 million invested.

Trump has been announced as head of the TMTG. If the combined company performs well, he will receive tens of millions of dollars in special rewards, and possibly billions of dollars in wealth for the former president.

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