Ex-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.”

According to a report, the app is the first Trump Media and Technology Group project (TMTG) that will be listed on Nasdaq by a merger of Digital World Acquisition Group and Trump Media and Technology Group. an announcement tweeted out by spokeswoman Liz HarringtonThis is a. Harrington indicated that the transaction values of TMTG could reach $1.7 billion.

Trump’s Mar-A-Lago private club will serve as the address of the new company. The former president says the group’s purpose is “to create a competitor to the liberal media conglomerate.”

Trump stated, “We live today in a world that the Taliban have a large presence on Twitter. Yet your favorite American president is being silenced.”

Trump is well-known to have been banned major social media giants earlier this yearHe was responding to his posts about the January 6th riots in the United States Capitol Building.

It’s not surprising that Trump made the move. Trump’s advisors and Trump have been hinting for months about the possibility of launching his own social media platform to compete with Twitter and Facebook.

TRUTH Social, according to the release, is available in pre-order on the Apple App store. The beta version will become available to invited guests in November 2021. The release stated that a national rollout was expected during the first quarter in 2022.

The announcement also stated that TMTG is planning to launch a subscription service for video-on demand. It will include ‘nonwoke’ entertainment, news, and podcasts. 

To receive email from TMTG online, you must register. the terms of service requireThat users waive the right to bring a group action.

Digital World Acquisition Group still hasn’t filed any paperwork with the Securities and Exchange Commission concerning this merger.

— CNBC’s Christina Wilkie contributed to this report.