Truth Social: Trump Wages War Against Twitter, Facebook With New AppYour support matters. Sustain independent journalism in Nigeria – contribute to Legit.ng. The United States - The former president of the United States, Donald Trump, has taken the initiative to launch his own social media platform after he was banned from using various social networks in 2020. Trump's company, Trump Media & Technology Group (TMTG), is expected to launch Truth Social to the public in 2022. Trump hopes the social media platform will be a competitor for Facebook and Twitter, Reuters reports. The announcement of Trump's app comes after months of speculation that he would be launching his own platform after major platforms such as Twitter, Facebook and YouTube issued bans against the former US president for not adhering to their policies, according to BusinessInsider. Recommended for you Supreme Court vs FG: Strike looms as NLC issues fresh ultimatum to FG, Buha... In a statement published by TMTG, Trump showed his aversion to the bans, stating that the Taliban has social media presence on Twitter whereas he has been banned. He added that he was putting an end to "the tyranny of Big Tech". PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app Trump's company also plans to take on streaming services such as Netflix as well as payment services such as Stripe. TMTG also plans to compete with Amazon and Google's Alphabet by launching cloud features, according to MyBroadband. Following the announcement, many people on social media had questions about Trump's new initiative. Some people want to know where he got the money to launch a start-up and others seem it think would fail like his other business ventures. Recommended for you Kirikiri inmate gets access to phone, threatens innocent people, Osinbajo’s... Here's what they had to say: @JThom7248 said: @LeonDav94610641 said: @traxxonwaxx99 said: @DivinyPete said: Meanwhile, Facebook CEO Mark Zuckerberg would be discussing a name change during the company's annual Connect conference on Oct. 28. Recommended for you Delta PDP guber candidate, Sheriff Oborevwori escapes assassination The name change might even happen sooner as the company plans to expand its services beyond social media. In response, Facebook said it did not comment on "rumor or speculation. Source: Legit.ng Donald Trump's company, Trump Media & Technology Group, is debuting Truth Social, a new social media platform Trump says he is launching the platform to compete with major social media networks such as Facebook and Twitter The US-based company also plans to compete with other companies such as Netflix, Google, and Amazon Your support matters. Sustain independent journalism in Nigeria – contribute to Legit.ng. The United States Install our latest app for Android, read best news on Nigeria’s #1 news app "Will it be as successful as Trump steaks, airline, board game, cologne, vodka, magazine, travel company, mortgage company, university, and Trump Taj Mahal?" "And just like that, American dies. When we become more divided. Even to the point, we can't talk on social media. All is lost. I may not agree with you guys on a lot. But this is simply not good. Come on guys, get it together." "So what he's saying is, his social media will never flag or ban anyone and everyone is invited to come on and discuss things there right? Okay." "This is hilarious. The investors would be better off buying stock in Wet Toilet Paper."