President Trump has reportedly secured hundreds of millions of dollars from donors to launch a new conservative-friendly social media platform, according to sources.
If he launched a social media site, he would have an online presence and conservatives would have a platform to air their views freely without fear of censorship.
According to “two sources familiar with the situation,” investors in Trump's social media venture include Silicon Valley moguls who are motivated by the fear of “cancel culture.”
The sources reportedly told the Washington Examiner that Trump had met with potential investors to discuss an online venture that would see the former president back online engaging with supporters and protecting conservatives from being censored and taken offline.
Trump and his team are attracting libertarian donors by arguing for free speech.
Last Wednesday, in an interview on Newsmax, Trump boasted about his millions of followers in his now-closed Facebook and Twitter accounts. He also confirmed that he had considered purchasing a social media company.
In the aftermath of the January 6 riot on the US Capitol, the situation was used as a reason to ban President Trump from several social media platforms. Trump was permanently removed from various mainstream platforms including Facebook and Twitter.
“We're negotiating with a number of people,” the former president told Newsmax TV. “There is also the option of building your own site because we have more people than anybody, so you can literally build your own site. But we were being really harassed on Twitter. They were putting up all sorts of flags, I guess they call them, they were flagging almost anything you said.”
“We have been negotiating with various other sites, and will have a big announcement soon, while we also look at the possibilities of building out our own platform in the near future,” he added.
According to reports, Parler, the free-speech microblogging platform that recently relaunched after being taken offline by Amazon, offered Trump a 40% stake if he made the platform his main online home.
Meanwhile, Trump supporters have migrated from Big Tech platforms to more free-speech-friendly platforms such as Gab.