US Congressman Trump Becomes CEO of Social Media Company | Donald Trump News

The company plans to launch a social media platform to crack down on established sites, and Trump remains banned.

U.S. Representative Devin Nunes will leave Congress to become the current CEO of former President Donald Trump social media company.

In an announcement on Monday, Trump Media & Technology Group (TMTG) said that Nunes, one of its most loyal sponsors in the Trump Capitol, will take up the new role in January 2022.

“Devin understands that we need to stop destroying the liberal media and the freedoms that make Big Tech America great,” Trump said in a statement.

On the other hand, Nunes said: “The time has come to reopen the Internet and to release ideas and statements without censorship.”

“The United States of America has made the dream come true and it will be an American company that recovers the dream,” he said.

They have conservatives long-striped The social media giants Facebook and Twitter have allegedly censored them, as both platforms have sought to protect widespread misinformation from public control.

In June, Facebook suspended Trump’s accounts for two years after his supporters saw him erupt in violence on January 6 before the US Capitol was attacked. Trump had 35 million followers at the time his account was suspended.

Twitter too prohibited Trump cut off the direct link to 88 million followers on the social network after the incident.

Nunes ’appointment represents a convergence of Trump’s political and business efforts to run for president in 2024.

The California congressman, who has had to face a punitive race in next year’s midterm election, has continued to be firmly criticized by major media companies.

He was sued by CNN and Twitter for defamation, among other companies, for hundreds of millions of dollars. Both cases were dismissed by the judges.

So came Monday’s announcement show files federal regulators were considering a merger between TMTG and Digital World Acquisition Corporation, a company to buy white checks. U.S. Senator Elizabeth Warren had previously asked the Securities and Exchange Commission (SEC) to investigate a merger with TMTG Digital World as a result of potential breaches of securities laws.

TMTG said on Saturday it had made agreements to raise about $ 1 billion from an unidentified group of investors, bringing the total profit of the deal to $ 1.25 million.

Trump announced in October that he would launch his media company, and said he would create Truth Social, a Twitter-style social networking app, as well as a subscription video streaming service that would offer entertainment programming, news, and podcasts. The former president appears as the chair of the company.

The beta version of Truth Social will be released in the first quarter of 2022, although few economic details have been released.

As President, Trump presented Nunes with the Presidential Medal of Freedom.

In a statement at the time, the White House acknowledged to Congress that it had exposed “the biggest scandal in American history,” referring to Nunes. efforts to discredit Investigation into the possible solidarity between the Trump campaign and Russia.