NEW YORK, October 21. / TASS /. Former US President Donald Trump has announced the launch of the Trump Media and Technology Group, which will lead the development of his own social network called ‘TRUTH Social’, according to the press release published on behalf of the politician.

The media company’s mission is to "create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America," the statement reads. The TMTG will launch the TRUTH Social network soon.

The TMTG will become public through a merger with the Digital World Acquisition Group, which is already listed on the Nasdaq stock exchange. In turn, the application for the social network is available for pre-order in the App Store. The beta testing is expected to begin in November 2021, while the launch is scheduled for the first quarter of 2022.

"I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban (outlawed in Russia) has a huge presence on Twitter, yet your favorite American president has been silenced," Trump stated.

In the last weeks of his tenure as US president, Trump was banned from writing on Twitter, Facebook and Instagram. This happened shortly after, on January 6, Trump’s supporters tried to prevent the results of the presidential elections, which took place on November 3 last year, from being approved in the US Congress. Joe Biden defeated Donald Trump in the 2020 polls.