Who Founded Truth Social and Who Actually Owns the Truth Social App?

Truth Social is a social media platform developed by Trump Media & Technology Group, an American media, and technology business established in October 2021 by former U.S. President Donald Trump. Truth Social is also known as TRUTH Social. According to others, the platform competes with Parler and Gab in the alt-tech space.

The launch day for the service was February 21, 2022. Since its debut, the Truth Social platform has had serious scaling issues, which has resulted in a lower user base than anticipated. The service was only available to users in the United States and Canada up until May 2022 and could only be accessed through an iPhone app.

Although access is still restricted by geography, the service developed a web app in May 2022 that allows users of any internet browser to visit the site.

Read More: Devin Nunes, the Company’s CEO, Discusses Truth Social on The Joe Pags Show!

With Regard to Trump Media & Technology Group

Who Founded Truth Social and Who Actually Owns the Truth Social App?

T Media Tech LLC is a different name for Trump Media & Technology Group (TMTG). In January 2021, Donald Trump, a former US president, started an American media and technology corporation.

Devin Nunes, a Republican U.S. lawmaker who served as the organization’s CEO, left his post on January 1st, 2022. TMTG introduced Truth Social, a social media platform.

TMTG Published Truth Social for IOS on February 21st, 2022

The network experienced serious and persistent scale problems. Josh Adams, the organization’s head of technology, and Billy Boozer, the head of product development, resigned from their positions following the “troubled” launch of Truth Social, according to reports by Reuters in early April 2022.

Truth Social has transitioned its website and mobile applications to Rumble’s cloud infrastructure, according to a 22 April 2022 release by the video platform Rumble.

To make it easier for it to become a publicly traded business, TMTG plans to use a special-purpose acquisition company (SPAC).

TMTG and DWAC Announced a Merger

On October 20, 2021, TMTG and Digital World Acquisition Corp (DWAC), a publicly traded SPAC, announced that they had reached a deal that will unite the two organizations and enable TMTG to go public.

ARC Capital, a Shanghai-based company experienced in listing Chinese companies on American stock exchanges, assisted in the creation of DWAC. Investigations by the SEC have focused on it for misrepresenting shell corporations. When some investors learned that Trump’s company was being financed with their money, they were confused.

Who Founded the Truth Social?

Trump Networking & Technology Group founded Truth Social, also known as TRUTH Social, as a social media platform (TMTG). Former US President Donald Trump created the American agency and technology company TMTG in October 2021. A social network that is widely used is called The Truth Social outlet. Donald Trump, a former American president, is the actual owner of this.

Donald Trump, a former U.S. president, expressed interest in starting a new social networking site after being banned from Facebook and Twitter in 2021 as a result of the Capitol Riot on January 6.

The goal of Trump Media & Technology Group is to create a rival to the leftist media alliance and take on Silicon Valley’s “Big Tech” corporations. It has stifled dissenting voices in America by using its unilateral power. “The Taliban are very active on Twitter in today’s world, yet your preferred US president has been muzzled.

That is intolerable,” Trump wrote in a press release-contained statement. “I can’t wait to soon deliver the Truth Society my first truth. Giving everyone a voice was one of TMTG’s founding principles. Soon, I hope to talk about True Social and the struggle against Big Tech.

Who Founded Truth Social and Who Actually Owns the Truth Social App?

Read More: Founders and Executives of Truth Social!

Trump launched “From the Desk of Donald J. Trump” in May 2021, a website where he published brief messages akin to tweets. Early in June, the USA declared that it would close its doors in less than a month. Jason Miller, a top assistant to Trump, made sure it wouldn’t return.

The service began operations on February 21, 2022. Since its inception, it has experienced numerous severe scalability issues while managing a smaller user base than anticipated. Only a small number of users may access it in the US.

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