Donald Trump to Launch His Reality Social App on February 21


Former President US Donald Trump’s new media enterprise plans to launch its social media app Reality Social on February 21, in keeping with an Apple App Retailer itemizing.

Reality Social, the Trump Media & Expertise Group (TMTG) various to Twitter, is accessible for pre-order earlier than going dwell on the US Presidents’ Day vacation.

Just like Twitter, the app affords options to observe different folks and trending subjects, in keeping with demo pictures. Its message equal of a tweet might be dubbed “reality”.

The app’s launch would come 13 months after Meta Platforms’s Fb and Twitter banned Trump for encouraging his supporters to take part within the January 6 assault on the US Capitol primarily based on unsubstantiated claims of widespread fraud within the 2020 presidential election.

Marking the one-year anniversary of the assault, US President Joe Biden mentioned on Thursday that his predecessor’s false claims might unravel the rule of legislation and subvert future elections.

TMTG and Apple didn’t reply to requests for remark, however a supply conversant in the matter confirmed that February 21 is the deliberate launch date of the app.

The launch is anticipated to be the primary of three phases in TMTG’s growth. The second could be a subscription video-on-demand service known as TMTG+ with leisure, information and podcasts, in keeping with the corporate web site. A November investor presentation indicated that TMTG additionally desires to launch a podcast community.

TMTG is valued at $5.3 billion (roughly Rs. 39,430 crore) primarily based on the inventory worth of Digital World Acquisition, which rose 20 p.c after Reuters reported the app’s itemizing on the App Retailer. TMTG agreed in October to merge with the blank-check agency at a valuation of $875 million (roughly Rs. 6,510 crore).

Trump supporters and retail buyers have snapped up Digital World’s inventory, betting that Trump’s reputation along with his Republican political base will translate into business runaway success.

The blank-check acquisition deal faces regulatory threat. Democratic US Senator Elizabeth Warren requested Securities and Trade Fee Chairman Gary Gensler final month to analyze the deliberate merger for potential violations of securities legal guidelines round disclosure. The SEC has declined to touch upon whether or not it plans any motion.

TMTG final month raised a further $1 billion (roughly Rs. 7,440 crore) from non-public buyers.

Trump cancelled a information convention at his Mar-a-Lago property in Florida that had been scheduled for January 6, marking the one-year anniversary of the Capitol assault. He mentioned he’ll as an alternative ship remarks at a rally in Arizona on January 15.

© Thomson Reuters 2022


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