Donald Trump is launching a new media company with its own social media platform

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Former US president Donald Trump is launching a new media company with its own social media platform

The announcement came nine months after he was expelled from many social media channels for his role in inciting a deadly insurrection at the US Capitol.

In a statement, he said: “We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American President has been silenced.In a release, the new venture announced it had been created through a merger with Digital World Acquisition Corporation, and said it seeks to become a publicly listed company.Such publicly traded companies are designed to list the shares of a private company more quickly than a traditional initial public offering.

SPACs pay for their acquisitions with cash provided by investors who bought into the SPAC’s initial public offering.

 

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