MAR 29, 2024 JLM 62°F 08:03 AM 01:03 AM EST
BREAKING: Trump's social media venture to raise about $1 billion in funds

Dec 4 (Reuters) - Former President Donald Trump's new social media venture Trump Media & Technology Group and Digital World Acquisition Corp. (DWAC.O) said it has entered into subscription agreements to raise about $1 billion from a group of investors.

DWAC said it will provide up to $293 million to the partnership with Trump's media venture, taking the total proceeds to about $1.25 billion.

Trump Media has yet to roll out its social media app. Trump Media and Digital World did not respond to requests for comment on the identities of the investors behind the $1 billion raise.

Reuters had exclusively reported on Wednesday that the social media venture was seeking to raise up to $1 billion by selling shares to hedge funds and family offices. 

While major Wall Street institutions are largely staying away from the investment over reputation concerns, some hedge funds, family offices and high net worth individuals had been expected to participate, sources told Reuters.

A full 8K filing with the SEC is expected to be filed on Monday with more details of the transactions, one source added.

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Comments
Faith in 02:08 05.12.2021
Always bet on Trump!
Jennie Hill 01:13 05.12.2021
Come on Trump!!!!?
Dena Parish 01:08 05.12.2021
I still support President Trump.. He did well for our Christians, Israel, and our USA….But God is the only one who can help us take back our Country, through prayer and obedience to Him..Amen….
[Anonymous] 00:14 05.12.2021
I miss this President Donald J Trump so much. Joe Biden is not my President at all. Get rid of all Democrats and Rino Republicans now. Can’t wait for the red waves come and fight for peace and love
Tracy Dill 00:09 05.12.2021
You are just as repulsive Zelda Cohen.
[Anonymous] 00:07 05.12.2021
Great news many many many still support him.
Susan Goeller 23:44 04.12.2021
https://rumble.com/vpp41n-special-report-mk-ultra-mind-control-survivor-cathy-obrien.html
Susan Goeller 23:44 04.12.2021
God will stir him in the right direction. He in the end will win. https://rumble.com/vpp41n-special-report-mk-ultra-mind-control-survivor-cathy-obrien.html
info warrior 23:26 04.12.2021
It will be social media at its most censored. Trump is a fascist, no dissent allowed
Robert Sandra 23:10 04.12.2021
Unless The Lord builds the house...Trump needs a change in his spiritual entourage. They are leading him up the wrong mountain.The Lord requires justice, mercy, and HUMILITY. $'s won't help, God can
Bob Feland 21:41 04.12.2021
Lovely, very uplifting!
Zella Cohen 20:59 04.12.2021
What a repulsive donkey. Asswipe pig who incited death. Up his ass dbag
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