TMTG, for its part, intends to launch a video-on-demand service that will show “no-woke” entertainment programs and will be directed by Scott St. John, executive producer of the programs “Deal Or No Deal” and “America’s Got Talent. “.
Originating in the United States, the term ‘woke’ refers to being aware of social inequality, both in relation to race, gender and sexual orientation.
“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech”, said in the newsletter Trump, banned from the most traditional social networks for inciting the attack on the Capitol of his followers on January 6.
“We live in a world where the Taliban have a large presence on Twitter, yet their favorite American president has been silenced. It is unacceptable.”, affirmed the ex-president.
The group will merge with the company Digital World Acquisition Corp (DWAC) to make TMTG a publicly traded company, according to the bulletin.
“The transaction values the Trump Media & Technology group initially at $ 875 million, with a possible additional gain of $ 825 million in supplemental shares (at whatever value is awarded) for a cumulative valuation of up to $ 1.7 billion in function of the evolution of the share price after the business combination “, says the statement.
“Given the total market to which it can be addressed and the wide following of President Trump, we believe that TMTG has the potential to create significant value for shareholders,” Patrick Orlando, head of DWAC, added in the text.
The battle for free speech escalated when Facebook, Instagram and the rest of the world’s largest social media platforms vetoed it as punishment for stirring up the crowd that entered Congress in January.
Since then, the former president has been looking for a way to get his megaphone back, by filing various lawsuits against large technology platforms.
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