kyiv.Ukraine.Ukraine Gate – December 5,2021- In preparation for the launch of shares on the US stock market, Donald Trump’s new social network has signed agreements to attract investments of about one billion dollars.<\/p>\n\n\n\n
A statement issued by Trump Media and Digital World said $ 1 billion would be raised through private investment in public equity (PIPE) from an unnamed “institutional investor group.”<\/p>\n\n\n\n
According to Reuters, this may indicate the ability of the former US president to raise significant funds for personal and political brand. He is currently working on a social networking application called TRUTH Social, which is expected to launch in a few weeks.<\/p>\n\n\n\n
The Digital World Acquisition, which will list Trump Media & Technology Group Corp., has said it will allocate up to $ 293 million to work with Trump’s media company, resulting in a total revenue of about $ 1.25 billion.<\/p>\n\n\n\n
Trump Media signed a $ 875 million deal with Digital World in October, including debt. Currently, the value of the company in the field of social networks is estimated at almost $ 4 billion, judging by the share price of Digital World as of Friday.<\/p>\n\n\n\n
At the same time, some Wall Street investors are reluctant to contact Trump, who was banned from using leading social networks after his supporters attacked the Capitol.<\/p>\n\n\n\n
The full deployment of TRUTH Social is scheduled for the first quarter of 2022, according to a press release from the company. This is the first of several stages of the Trump Media plan. An on-demand video subscription service called TMTG + is expected to launch in the future, featuring entertainment, news and podcasts.<\/p>\n","protected":false},"excerpt":{"rendered":"
kyiv.Ukraine.Ukraine Gate – December 5,2021- In preparation for the launch of shares on the US stock market, Donald Trump’s new social network has signed agreements to attract investments of about one billion dollars. A statement issued by Trump Media and Digital World said $ 1 billion would be raised through private investment in public equity […]<\/p>\n","protected":false},"author":11,"featured_media":25769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[349,9904,9903,996],"class_list":["post-25768","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-economy","tag-investing","tag-trumps-future-social-network","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/25768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25768"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/25768\/revisions"}],"predecessor-version":[{"id":25770,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/25768\/revisions\/25770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/25769"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}