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Trump plans Spac for social media firm

Truth Social network will initially launch for invited users next month, with availability for wider users in 2022

Former President Donald Trump unveiled a new digital-media venture 20 October and said it would go public by merging with a special-purpose acquisition company.

Trump Media & Technology Group will create a social network called Truth Social to fight such companies as Facebook and Twitter, the Trump company said in a press release late on 20 October. Trump’s access to several social-media platforms was restricted following the 6 January assault on the US Capitol.

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