Donald Trump’s new social media enterprise announced on Saturday that the blank-check company it set up to monetize the former president’s digital and political mojo has raised $1 billion — without identifying the members of the “diverse group of institutional investors” backing him.
Trump, a disinformation kingpin exiled from mainstream social media platforms, has positioned his gossamer startup, Truth Social, as a vehicle for battling “censorship and political discrimination” and the “tyranny of Big Tech.” It’s also a convenient way for Trump to continue his life’s work: separating investors and fans from their wallets by pitching promises that he routinely fails to keep.
