Former US president Donald Trump waves at supporters in New York on October 18 2021. Picture:JEENAH MOON/REUTERS
Orlando’s firm is set to be the money behind Trump Media and Technology Group, the former president’s attempt to fight back against Big Tech. Trump says he plans to start with a social network called Truth Social but has broader ambitions to create a conglomerate — with news, streaming and technology businesses to compete with CNN and Disney+.
The head-snapping news that Trump was seeking to launch his own platform via a special purpose acquisition company sent Digital World’s shares soaring, driven by retail investors piling in. The stock rose more than 350% on Thursday, giving it a $1.8bn valuation. Most recently he’s embraced blank check companies. Orlando is also the CEO of Yunhong International, a spac incorporated in the Cayman Islands and whose offices are in Wuhan, China. Yunhong raised $60m in 2020 and was meant to merge with battery manufacturer Giga Carbon Neutrality, but the deal was scrapped in September.
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Cannot wait. twitter can jump in sea and drown.
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Former US president Donald Trump launches 'TRUTH' social media platformFormer US President Donald Trump will launch his own social media app, TRUTH Social, that he said would 'stand up to Big Tech' companies such as Twitter and Facebook that have barred him from their platforms. Way to go trump 🤣🤣🤣👍 The comedian strikes back.. Lol
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Banned from Facebook and Twitter, Donald Trump launches new social network called ’TRUTH Social’Former US president Donald Trump plans to launch his own social network, in the latest push to reclaim his internet dominance after he was banned from Twitter and Facebook in the wake of the Capitol insurrection. Lies social The end of truth is nigh. So why don't Apple and Google just remove that as well? 🤷♂️
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Former US president Donald Trump launches 'TRUTH' social media platformFormer US President Donald Trump will launch his own social media app, TRUTH Social, that he said would 'stand up to Big Tech' companies such as Twitter and Facebook that have barred him from their platforms. Way to go trump 🤣🤣🤣👍 The comedian strikes back.. Lol
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