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.
Netflix axes over 100 jobs as streamer deals with performance crisis
The World’s largest streaming service is taking refuge in new cost cutting measures
Netflix is sacking 150 employees across the company with most of the cuts happening in the United States.
It comes after the company recorded a large fall in subscribers, for the first time in a decade.
The news sparked an investor sell-off, with the firm’s stock plunging 35% in one day.
The layoffs represent only 2 per cent of the company’s total staff.
Netflix also plans on introducing ads as a way of building revenue.
It also wants to tackle password sharing privileges to compensate for lower revenues.
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
Queen Elizabeth makes surprise appearance
Royal enthusiasts were delighted to see Her Majesty Queen Elizabeth make yet another surprise appearance, despite suffering from ongoing mobility issues
Elizabeth attended the opening ceremony of a new London train line which has been named in her honour.
Elizabeth can be seen wearing a bright yellow coat and hat, attending the event alongside her youngest son Edward and Prime Minister Boris Johnson.
Unveiling a plaque at Paddington Station, it comes after the Queen missed the opening of parliament for the first time since 1963.
Buckingham Palace says she is continuing to suffer from “episodic mobility issues”.
In October, the royal spent a night in hospital for an unspecified illness.
The $24 billion rail project was originally due to be opened back in December 2018, but has been plagued by delays.
The Elizabeth line will connect areas of west of London, including Heathrow airport and Reading.
Johnson says it’s “wonderful” to see the queen open the train line, adding she was in “such fine form”.
Cody Simpson eyes off Commonwealth Games spot
Authorities find drug-smuggler’s tunnel under the U.S. and Mexico border
Finland and Sweden submit applications to join NATO
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