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By Geoffrey Smith
Investing. com — Donald Trump’s new media company has officially announced the launch of its social media app, which gives the former U. S. president back what it hopes will be a mainstream platform.
Trump Media
TMTG has struggled to maintain its initial profits since Trump listed the company through Digital World Acquisition Company, a PSPC that was introduced in September.
In a dossier released Tuesday, TMTG said Trump had pledged to post on the new app before any other platform. This would save it from Twitter (NYSE: TWTR) as its number one platform, if the microblogging site lifts its permanent ban under new leadership headed by Elon Musk. However, Musk’s own offer for Twitter is blocked due to investment issues and Musk’s belated accusations that Twitter has made misleading statements about the prevalence of spam and fake accounts.
TMTG’s filing had also warned of bankruptcy, pointing to past bankruptcies of companies controlled by Trump.
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