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Trump’s social media venture to raise about $1 billion in funds -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Donald Trump, former President of the United States, looks on at his first campaign rally after his presidency, held at Lorain County Fairgrounds near Wellington, Ohio. This was June 26th, 2021. REUTERS/Shannon Stapleton

(Reuters) – Former President Donald Trump’s new social media venture Trump Media & Technology Group and Digital World Acquisition Corp. said it has entered into subscription agreements to raise about $1 billion from a group of investors.

DWAC stated that it would contribute up to $293million to Trump’s media venture partnership, bringing the total profits to $1.25billion.

Reuters reported exclusively Wednesday night that the social networking venture was trying to raise as much as $1 billion via shares being sold to hedge funds or family offices.

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