According to an (Apple Inc) App Store listing, former President Donald Trump’s new media company will debut its social media app Truth Social on February 21.
TRUTH Social, the Trump Media & Technology Group’s Twitter alternative, is now available for pre-order ahead of its launch on Presidents’ Day in the United States.
According to demo photographs, the program includes features similar to Twitter, including the ability to follow other users and trending topics. “Truth” will be the messaging equivalent of a tweet.
The app’s launch would come 13 months after Trump was banned from Meta Platforms Inc’s Facebook and Twitter for encouraging his supporters to take part in the Jan. 6 attack on the US Capitol based on bogus accusations of widespread election fraud in 2020.
On the one-year anniversary of the attack, US President Joe Biden warned that his predecessor’s bogus allegations might undermine the rule of law and undermine future elections.
TMTG and Apple did not react to queries for comment, but a source close to the situation stated that the app will be released on February 21.
The launch will be the first of three stages in the development of TMTG. According to the company’s website, the second option is a subscription video-on-demand service called TMTG+, which includes entertainment, news, and podcasts. According to a November investor presentation, TMTG also plans to develop a podcast network.
The stock price of Digital World Acquisition Corp (DWAC.O), which climbed 20% after Reuters announced the app’s launch on the App Store, values TMTG at $5.3 billion. In October, TMTG agreed to merge with the blank-check company for $875 million.
Trump fans and retail investors have flocked to Digital World’s shares, anticipating that the president’s popularity among his Republican base will translate into commercial success.
The deal to buy a company with a blank check is fraught with regulatory peril. Last month, Democratic U.S. Senator Elizabeth Warren asked Securities and Exchange Commission Chairman Gary Gensler to look into the planned merger for possible securities law violations related to disclosure. The SEC has refused to say if it intends to take any action.
TMTG raised an extra $1 billion from private investors last month.
Trump postponed a press conference scheduled for Jan. 6 at his Mar-a-Lago resort in Florida to commemorate the one-year anniversary of the Capitol attack. Instead, he claimed he’ll speak at a rally in Arizona on January 15.