Truth Social SPAC Pitch Deck
Former President Donald Trump launched the social media platform Truth Social after he was banned from major social media such as Twitter (now X.com) and Facebook.
The platform was launched on February 21, 2022, with Donald Trump as the majority owner, owning a 58% stake in the company before it went public. As of July 2023, the site had grown to an estimate 607,000 monthly users.
Truth Social went public via SPAC merger with Digital World Acquisition Corp, a blank-check company created with the help of ARC Capital. Although this SPAC deck was published in November 2021, the merger itself was delayed until March 2024 due to financial and regulatory challenges.
$6B • 2021 • SPAC
About the Truth Social SPAC Pitch Deck
- Raised: $6B
- Year: 2021
- Stage: SPAC
- Investors: SPAC - EF Hutton
About Truth Social SPAC
Truth Social is a social media platform owned by Trump Media & Technology Group (TMTG).
- Industry: Social Media
- Tags: Social Media
- Business Model: B2C
- Customer Model: App
- Website: https://truthsocial.com
- Legal Name: Truth Social SPAC
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