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Trump’s Social Media Venture To Raise About $1 Billion

PHOTO FILE: Former US President Trump
FILE PHOTO: Former U.S. President Donald Trump looks at the first rally of his post-presidency campaign at the Lorain County Fairgrounds in Wellington, Ohio, U.S., June 26, 2021. REUTERS/ Shannon Stapleton

December 4, 2021

(Reuters) – President Donald Trump’s new social media venture Trump Media & Technology Group and Digital World Acquisition Corp. said it had signed subscription agreements to raise about $1 billion from a group of investors.

DWAC said it will provide up to $293 million in partnership with Trump’s media venture, bringing the total proceeds to about $1.25 billion.

Reuters reported exclusively on Wednesday that the social media venture is looking to raise up to $1 billion by selling shares to hedge funds and family offices.

(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)

https://www.oann.com/trumps-social-media-venture-to-raise-about-1-billion-in-funds/?utm_source=rss&utm_medium=rss&utm_campaign=trumps-social-media-venture-to-raise-about-1-billion-in-funds Trump’s Social Media Venture To Raise About $1 Billion

Bobby Allyn

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