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Trump’s social media to raise $1bn

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The firm behind Donald Trump’s highly anticipated social media firm says it has entered into agreements to raise one billion dollars from investors in the lead up to its stock market listing

The Trump Media and Technology Group is working to launch the social media app called “Truth Social” early in 2022.

This comes as the former president remains blocked from using both Twitter and Facebook following the January 6 Capitol riots.

Trump says the money that will be raised “sends an important message to Big Tech that censorship and political discrimination must end”.

Plans to launch Truth Social were revealed earlier this year, with the company saying it will allow conversation “without discrimination on the basis of political ideology”.

The firm says it has secured the one billion dollars in funding from a range of investors, without naming who they are, with the company now valued at around 4-billion.

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LIVE: U.S. and Israel launch war on Iran

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

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U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.


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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months


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Trump claims Iran military neutralised as Strait Of Hormuz tensions surge

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

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Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.


President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.

The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.

With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.

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Airlines face disruptions that surpass previous Middle East conflicts

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What’s happening in the Middle East?

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