Trump's SNS 'Truth' Scheduled to Launch on Apple Store on President's Day, Next Month 21

Former U.S. President Donald Trump [Photo by AP Yonhap News]

[Asia Economy Reporter Park Byung-hee] Former President Donald Trump's new social networking service (SNS) 'TRUTH Social,' created by him, is scheduled to be registered on the Apple App Store on February 21, the U.S. 'Presidents' Day,' according to major foreign media reports on the 6th (local time).

TRUTH is an SNS developed by Trump Media & Technology Group (TMTG) as an alternative to Twitter. After his accounts were suspended last year on existing SNS platforms such as Twitter and Facebook, former President Trump pushed forward with the development of a new SNS.

Twitter, Facebook, YouTube, and others suspended former President Trump's accounts last January 6, citing his incitement of Trump supporters to storm the Capitol and spreading false information.

TMTG agreed last October to merge with the special purpose acquisition company (SPAC) 'Digital World Acquisition Corp. (DWAC)'. Currently, DWAC's stock price has risen about sixfold compared to before the merger agreement announcement. Considering the current DWAC stock price, TMTG's market value is estimated at approximately $4.3 billion.

TMTG secured an additional $1 billion in investment from private investors last month.

Besides SNS, TMTG is expected to expand its influence on conservative public opinion by extending into areas such as video-on-demand (VOD) services and podcasts in the future.

Democratic Senator Elizabeth Warren requested an investigation from the U.S. Securities and Exchange Commission (SEC) last month regarding the merger plan between TMTG and DWAC.

Former President Trump initially planned to give a speech at his Mar-a-Lago resort in Florida on the 6th, the first anniversary of the Capitol riot, but canceled it. Instead, he announced he will give a speech in Arizona on the 15th.

This content was produced with the assistance of AI translation services.