Trump Already Has 'Hundreds of Millions' in Backing to Launch Social Media Platform
'We’re negotiating with a number of people,' he told Newsmax
Over the past few months, rumors circulated about Donald Trump's new social media network after tech giants Facebook, Twitter, and others banned him from their platforms earlier this year.
Although news about such a platform seemed to fizzle out over the past month, new reports suggest a there is a strong possibility that Trump could move forward with the plan.
Trump told several in his inner circle that he has already secured “hundreds of millions” in backing for his social media venture, even from Silicon Valley heavy-hitters who are concerned by censorship, The Washington Examiner reported.
Trump also dropped multiple hints about launching his own platform during his recent television interviews since leaving the White House.
“We’re negotiating with a number of people,” Trump told Newsmax TV.
“There is also the option of building your own site because we have more people than anybody, so you can literally build your own site."
"But we were being really harassed on Twitter," Trump added.
"They were putting up all sorts of flags, I guess they call them; they were flagging almost anything you said.”
Trump's specific language has fulled speculation of coming massive announcement.
Sources close to Trump said the venture could be designed to allow Trump to engage with his tens of millions of fans without censorship.
Sources added Trump is in talks with a number of high-rolling investors.
“They aren’t the people you might expect,” the source reportedly said.
Last month, Twitter confirmed Trump's ban from the platform is permanent, and his account would not be reinstated even if he was to return to the White House.
Twitter Chief Financial Officer Ned Segal scrambled to assure investors that Twitter would prevail despite banning its most famous and popular user.
During an interview with CNBC’s “Squawk Box," Segal was asked about a scenario where Trump was elected president again.
The way our policies work, when you’re removed from the platform, you’re removed from the platform,” Segal said, “whether you’re a commentator, you’re a CFO, or you are a former or current public official.”
“Remember, our policies are designed to make sure that people are not inciting violence, and if anybody does that, we have to remove them from the service, and our policies don’t allow people to come back,” he added.