Donald Trump to Launch His Reality Social App on February 21

Former President US Donald Trump’s new media enterprise plans to launch its social media app Reality Social on February 21, in keeping with an Apple App Retailer itemizing.

Reality Social, the Trump Media & Know-how Group (TMTG) different to Twitter, is offered for pre-order earlier than going stay on the US Presidents’ Day vacation.

Much like Twitter, the app affords options to comply with different folks and trending matters, in keeping with demo pictures. Its message equal of a tweet will likely be dubbed “fact”.

The app’s launch would come 13 months after Meta Platforms’s Fb and Twitter banned Trump for encouraging his supporters to take part within the January 6 assault on the US Capitol based mostly on unsubstantiated claims of widespread fraud within the 2020 presidential election.

Marking the one-year anniversary of the assault, US President Joe Biden mentioned on Thursday that his predecessor’s false claims may unravel the rule of regulation and subvert future elections.

TMTG and Apple didn’t reply to requests for remark, however a supply conversant in the matter confirmed that February 21 is the deliberate launch date of the app.

The launch is anticipated to be the primary of three phases in TMTG’s improvement. The second can be a subscription video-on-demand service known as TMTG+ with leisure, information and podcasts, in keeping with the corporate web site. A November investor presentation indicated that TMTG additionally needs to launch a podcast community.

TMTG is valued at $5.3 billion (roughly Rs. 39,430 crore) based mostly on the inventory value of Digital World Acquisition, which rose 20 % after Reuters reported the app’s listing on the App Retailer. TMTG agreed in October to merge with the blank-check agency at a valuation of $875 million (roughly Rs. 6,510 crore).

Trump supporters and retail traders have snapped up Digital World’s inventory, betting that Trump’s recognition together with his Republican political base will translate into business runaway success.

The blank-check acquisition deal faces regulatory threat. Democratic US Senator Elizabeth Warren requested Securities and Change Fee Chairman Gary Gensler final month to analyze the deliberate merger for potential violations of securities legal guidelines round disclosure. The SEC has declined to touch upon whether or not it plans any motion.

TMTG final month raised a further $1 billion (roughly Rs. 7,440 crore) from personal traders.

Trump cancelled a information convention at his Mar-a-Lago property in Florida that had been scheduled for January 6, marking the one-year anniversary of the Capitol assault. He mentioned he’ll as an alternative ship remarks at a rally in Arizona on January 15.

© Thomson Reuters 2022