Trump's new media company is a $1.6 billion mirage
In October, former President Trump announced the creation of a new company, Trump Media & Technology Group (TMTG). Its signature product is a new social media site, Truth Social. According to an investor presentation, Truth Social and the larger company will "be a fountainhead of support for American freedoms as the first major rival to 'Big Tech.'" TMTG will "even the playing field" of a media landscape that "has swung dangerously far to the left."
Initially, TMTG suggested that Truth Social was based on "proprietary" technology. It was later forced to admit that the code was taken from Mastodon, an open-sourced decentralized social network that anyone can use. Gab, an existing social media network geared toward the far right, already uses Mastodon. So neither the technology nor the concept is new.
TMTG promised that "TRUTH Social plans to begin its Beta Launch for invited guests in November 2021." But November 2021 came and went without the Beta Launch or any update from the company. The Truth Social homepage is a single static page that collects email addresses.
TMTG was also subject to criticism for failing to announce "anyone involved in building its supposed technology." The only people identified as involved in the company's operation were Trump and Scott St. John, a game show producer that will supposedly be involved in TMTG's streaming service, TMTG+, which is supposed to launch sometime in 2023.
https://popular.info/p/trumps-new-media-company-is-a-16
= new reply since forum marked as read
Yeah, he's helping the traitor run another scam
