Trump media partner says it has lined up $1B in capital
December 5, 2021
PALM BEACH, Florida (AP) — Donald Trump's new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.
The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called "Truth Social" to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.
TMTG's plan is to become a publicly listed company through a merger with the publicly traded Digital World Ac...