The social networking company of former US President Donald Trump expects to be able to garner 81 million users by 2026.
Those forecasts were presented Monday to securities regulators by Digital World Acquisition Corporation (DWAC), the company trying to bring Trump Media & Technology Group (TMTG) to the stock market.
DWAC said it had raised $1 billion in promised investments for the new project, from unnamed institutional investors, noting that its project with Trump had been scrutinized by regulators.
Trump launched TMTG in October, unveiling plans for the Truth Social reporter, aimed at competing with Twitter and other platforms that banned Trump’s accounts after the Jan. 6 attack on the US Capitol.
Source: “The Guardian”