Trump Media & Technology Group

https://www.tmtgcorp.com/

Press Release

PALM BEACH, FL — October 20, 2021 — Trump Media & Technology Group and Digital World Acquisition Corp. (NASDAQ: DWAC) have entered into a definitive merger agreement, providing for a business combination that will result in Trump Media & Technology Group becoming a publicly listed company, subject to regulatory and stockholder approval.  The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. Trump Media & Technology Group’s growth plans initially will be funded by DWAC’s cash in trust of $293 Million (assuming no redemptions).

Trump Media & Technology Group’s mission is to create a rival to the liberal media consortium and fight back against the “Big Tech” companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.

Trump Media & Technology Group (“TMTG”) will soon be launching a social network, named “TRUTH Social.”  TRUTH Social is now available for Pre-Order in the Apple App store.  TRUTH Social plans to begin its Beta Launch for invited guests in November 2021.  A nationwide rollout is expected in the first quarter of 2022.  Those who are interested in joining TRUTH Social may now visit www.truthsocial.com to sign up for the invite list.  

President Donald J. Trump, the Chairman of TMTG, stated, “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!”

Patrick F. Orlando, Chairman/CEO of DWAC, stated, “Digital World was formed to create public shareholder value and we believe that TMTG is one of the most promising business combination partners to fulfill that purpose.  DWAC currently has $293 Million in trust, assuming minimal redemptions, which can fuel TMTG’s scale up, including to provide world class leading technology services to build strong and secure social networks and diverse media offerings. Given the total addressable market and President Trump’s large following, we believe the TMTG opportunity has the potential to create significant shareholder value.” MORE

20 Comments on Trump Media & Technology Group

  1. only gonna work if they have their own servers, internal network & platform … & are not dependent on the FCC

    … already, they’re dependent on Apple apps. although, I’m more positive on Apple than Google/Samsung. so far, Apple is not in w/ the New World Network as Bill Gates & Gurgle

    I fear, in the future only ‘pirate’ networks will speak the truth
    “speaking the truth in times of universal deceit is a revolutionary act. ~ attributed to George Orwell, or Thomas Jefferson, or Everyman

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  2. Don’t be fooled, Apple has raked in plenty of money. Stock Jan 2020 – $75, Today – $149. Double, less than 2 years.

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  3. If there’s only one thing we all should have understood from Trump’s campaign and presidency, it’s this: “Never, EVER, give up!”

    When we consider the breadth and depth of the swamp, it is truly miraculous that POTUS Trump accomplished in 4 short years all the things that were accomplished under his leadership. He truly has an indomitable spirit and I believe his moving forward with this communications group is another promise kept.

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  4. AbigailAdams

    100 TU

    I can’t believe how deep and wide we allowed the swamp to grow.

    And I also can’t see how he got so much done with them working against him. Amazing. The Orange Troll 🙂

    5
  5. Interesting that with all the colors available in the known universe they went with a blue that is very close to the same blues of Facebook and Twitter. 🤔

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  6. Illustr8r, did they really do that? How about red, white, and blue? How about flaming red? I’ve got to be honest, I seriously question Trump’s judgment sometimes! Is he really who he is pretending to be?

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  7. @Joe I’m ambivalent about the blue at the moment-just an observation. I don’t think it’s necessary to scream red/white/blue. You’ll hate me saying this-but it might be more friendly to fence sitters to look techy first and MAGA second.

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  8. Illustr8r, don’t disagree, but as much as I like Trump, I can’t help but wonder who he has on his team that causes him to make decisions and choices that he does.

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  9. joe6, I watched Omarosa on a Fear Factor episode from many years ago.
    I never watched The Apprentice but I knew she was unstable.
    Anyway, she came off as a total evil, manipulative cunt on FF.

    I love Trump but DAMN DUDE!
    May be best to get DeSantis in the batter’s box…

    2
  10. iLLustr8r just helped me complete my Trump logo…

    Orange stripe at the top, outer blue V-shape (blue suit), white background, and long red tie-shape down the middle.

    You are welcome to it Team Trump!

    2
  11. FWIW, I have two issues I want Trump to address. (I don’t care about his marketing colors at this point.)

    (1) His “Operation Warpspeed” and the disastrous COVID/Fauci/Gates vaccines he keeps taking credit for.

    (2) His position on the Federal Reserve Bank that together with our Federal Government is destroying the U.S. and the Western World.

    For me, failure to address those issues satisfactorily is grounds for rejection in 2024 in favor of a candidate who will.

    We’re running out of time.

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