Donald Trump’s New Social Media Business Is Already ‘Worth £10Billion’

Donald Trump's new social media platform is already 'worth £10billion,' according to reports. 
Credit: NBC News via YouTube & Pexels

Donald Trump’s new social media platform is already ‘worth £10billion,’ according to reports. 

The 75-year-old, who reportedly saw a loss in his fortune throughout his presidency, has seen his wealth skyrocket since the confirmation of his new app, Truth Social.

It’s believed that the app’s worth saw an increase once it was confirmed that it will be available for people to download as of next year.

Watch as Donald Trump Jr explains how Truth Social will be ‘competition’ against big tech companies in the clip below…

Trump reportedly decided to launch it after being banned from all major social media sites, including Facebook and Twitter.

According to the Daily Mail, he said: “I created Truth Social and TMTG (Trump Media & Technology Group) to stand up to the tyranny of Big Tech.

“We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American President has been silenced.”

He added: “This is unacceptable. I am excited to send out my first Truth on Truth Social very soon. TMTG was founded with a mission to give a voice to all.”

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Donald Trump
Donald Trump’s new social media platform comes after he was banned from Facebook, Twitter and other major social media sites. Credit: NBC News via YouTube

Trump’s longtime advisor, Jason Miller, reportedly told Fox News that the former president wants to ‘completely redefine’ the game when it comes to social media.

He explained: “This is something that I think will be the hottest ticket in social media.

“We’re going to see him returning to social media in probably about two or three months here.

“It’s going to completely redefine the game. Everybody is going to be waiting and watching to see what President Trump does, but it will be his own platform.”

He added: “Everyone wants him and he’s going to bring millions and millions.”

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Written by Aimee Walker

Aimee is a senior content editor at IGV who specialises in finding the best original stories, trending topics and entertainment news. She graduated from Birmingham City University with a degree in Media and Communications.