A new agreement that will take the Trump Media & Technology Group public requires Donald Trump to post on its Truth Social network before crossposting to other platforms. Truth Social was created in 2022 following former U.S. President Donald Trump being banned from many mainstream social media platforms. Trump's repeated tweets during the January 6, 2022 insurrection at the U.S. Capitol were viewed as against the public interest by Twitter. This resulted in a permanent ban on his account, prompting him to create his own platform.
Truth Social hasn't become the replacement for mainstream media that the former president hoped it would, but this is in part due to the social network being difficult to use. When people first try to sign up for the platform, they are placed on a waitlist, which deters usage. Truth Social is also only available on iOS at the time of writing, though an Android app and web client are in the works. The main draw of the service is exclusive content from Trump, and that's part of the reason he's agreed to post on Truth Social before the others.
Related: Truth Social Waitlist: What It Is & Why Your Number Isn't Changing
Trump Media & Technology Group is in the process of transitioning to a publicly-held company with the help of Digital World Acquisition Group, according to an SEC filing. The Digital World Acquisition Group is a blank-check company that assists in mergers and reorganization processes, and it has filed an S-4 form detailing the company's public offering. The filing states the Trump Media & Technology Group is entering a royalty-free licensing agreement with Trump that would give the company exclusive rights to use the former president's name, image, and likeness to promote Truth
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