Marjorie Taylor Greene Makes Massive Stock Purchase in Trump's Social Media Platform
Georgia Republican purchases stake in platform
Representative Marjorie Taylor Greene has bought a large stake in Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) which took Donald Trump's new social media platform public.
A periodic transaction report posted by the House Clerk revealed the Georgia Republican purchased the stake worth between $15,000 and $50,000 on October 22.
Trump's new platform will operate under the name of Trump Media & Technology Group.
The company outlined its goals were to give people a voice with views that do not "align with (Big Tech's) woke ideology."
Truth Social will launch with an on-demand programming service called TMTG+.
It will also feature a news arm known as TMTG News.
Greene's office said:
"This transaction was reported in compliance with House rules and provided all required details about the transaction."
Trump said his new social media venture, TRUTH Social, will “challenge the dominance of the Big Tech giants” and go head-to-head with the leading platforms.
Trump Media & Technology Group (TMTG) is set to launch in beta next month before coming online for all users in early 2022.
Trump slammed “a small group of self-righteous scolds and self-appointed arbiters” for censoring Americans.
Trump wrote in a statement:
“Last week, I announced the creation of a major new company that will challenge the dominance of the Big Tech giants and Big Media bosses.”
“For me, this endeavor is about much more than politics."
"This is about saving our country,” he continues.
“There will be no shadow-banning, throttling, demonetizing, or messing with algorithms for political manipulation."
"We will not be treating users like lab rats for social experiments, or labeling alternative views as ‘disinformation.’"
"We will not silence our fellow citizens simply because they might be wrong — or worse, because we think that Americans ‘can’t handle the truth.’”