Okebiz Video Search



Title:Could Donald Trump's media venture change up the social media scene?
Duration:03:26
Viewed:232,612
Published:21-10-2021
Source:Youtube

CNBC's Steve Kovach on whether Trump's new media venture with DWAC will shake up social media. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Pete Najarian. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Former President Donald Trump announced Wednesday he will be launching his very own media network, including a social media platform called “TRUTH Social,” in order to “stand up to the tyranny of Big Tech.”

The app appears to be the first project of the Trump Media and Technology Group (TMTG), which will list on the Nasdaq through a merger with Digital World Acquisition Group, according to an announcement tweeted out by spokeswoman Liz Harrington. The transaction values TMTG at up to $1.7 billion, Harrington said.

The new company, which lists Trump’s private membership club Mar-A-Lago as its address, will be chaired by the former president, who says that this “group’s mission is to create a rival to the liberal media consortium.”

“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American president has been silenced,” Trump claimed.

Trump was notoriously banned by major social media giants earlier this year, following his posts related to the January 6 riots at the United States Capitol Building.

The move doesn’t come as a total surprise. Trump and his team of advisors have dropped hints for months that he might launch his own social media app to rival Facebook and Twitter.

According to the press release, TRUTH Social is currently available for pre-order in the Apple App store, and a beta version will be available to invited guests starting in November 2021. A nationwide rollout is expected in the first quarter of 2022, the release said.

The release also noted TMTG intends to launch a subscription video-on-demand service which would would feature “non-woke” entertainment programming, news and podcasts.

For those who register online to receive emails from TMTG, the terms of service require that users sign away their right to file a class action.

Digital World Acquisition Group has not yet filed anything with the Securities and Exchange Commission about this merger.

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-cred...

#CNBC
#CNBCTV

SHARE TO YOUR FRIENDS


Download Server 1


DOWNLOAD MP4

Download Server 2


DOWNLOAD MP4

Alternative Download :



SPONSORED
Loading...
RELATED VIDEOS
Watch CNBC's full interview with Berkshire Hathaway CEO Warren Buffett Watch CNBC's full interview with Berkshire Hath...
00:58 | 11,903,813
Tucker: Biden is 'crushing' these people Tucker: Biden is 'crushing' these people
19:18 | 896,885
✔The Top is IN for the Market ✔The Top is IN for the Market
26:19 | 964
Secretive Giant TSMC’s $100 Billion Plan To Fix The Chip Shortage Secretive Giant TSMC’s $100 Billion Plan To F...
17:38 | 51,152
'There's A Fraud Around Here': David Schweikert 'There's A Fraud Around Here': David Schweikert
40:10 | 320,514
DWAC  STOCK IS GOING CRAZY!!! - Live Trading, DOW & S&P, Stock Picks, Day Trading & STOCK NEWS DWAC STOCK IS GOING CRAZY!!! - Live Trading, D...
40:29 | 36,215
Jefferies' tech sector specialist breaks down Snap's latest quarter Jefferies' tech sector specialist breaks down S...
10:56 | 23,556
Ross makes +$115k LIVE Day Trading $DWAC $PHUN Trump Media Momo? Live Day Trading Morning Show Ross makes +$115k LIVE Day Trading $DWAC $PHUN ...
33:51 | 152,981

shopee ads

coinpayu