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Truth Social: Trump To Launch New Social Media App

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Truth Social: Trump To Launch New Social Media App

Donald Trump has announced the launching of his own chat platform called “Truth Social”, after being banned from Twitter, Facebook, Others.

The former US President discloses as his media company, Trump Media & Technology Group (TMTG) merged with Digital World Acquisition Corp. to become a publicly listed company with a potential valuation of up to $1.7 billion.

The Truth Social is set to be launched in early 2022, according to Trump, to rival likes of Facebook and Twitter.

READ ALSO: 2021: Dangote emerges Most Valuable brand in Nigeria for the fourth time

He also added that he will create a rival ”subscription video-on-demand service” to compete with Google’s YouTube.

”I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,” Trump wrote in the announcement Wednesday night, October 20.

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

”This is unacceptable.”

The move is a fulfillment of a promise to create a conservative media competitor to combat the liberal activism against his administration and in the 2020 presidential campaign.

”I am excited to send out my first TRUTH on TRUTH Social very soon,” Trump added. ”TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech.

Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!”

The subscription video-on-demand service will be called TMTG+.

”TMTG+ will feature ‘non-woke’ entertainment programming, news, podcasts, and more,” according to the news release.

Trump has already launched lawsuits against Twitter and Facebook for their responses to conservative views and speech.

”Truth Social is America’s ‘Big Tent’ social media platform that encourages an open, free, and honest global conversation without discriminating against political ideology,” the Truth Social website reads, allowing future users to register early for the initial waitlist.

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BREAKING: Jack Dorsey Steps Down As Twitter CEO

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Jack Dorsey To Step Down As Twitter CEO

Jack Dorsey, the Chief Executive Officer (CEO) of Twitter, would be stepping down from his role. This is according to CNBC’s David Faber, who cited “a number of different people familiar with the situation.”

Parag Agrawal, the company’s Chief Technology Officer (CTO), would take over the helm, the company said Monday, November 29, 2021.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said.

I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

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Nigeria To Soon Have Self-driving Cars -NCC

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Nigeria To Soon Have Self-driving Cars -NCC

The Nigerian Communications Commission (NCC), has stated that Nigerians should expect gigabytes per second for smart cities, self-driving cars, robust telemedicine, and others with the deployment of the fifth-generation technology in Nigeria.

The Executive Vice Chairman of the commission, Prof. Umar Danbatta, hinted this while responding to questions during a webinar, titled: “Unlocking 5G potential in Africa”, held on StreamYard, on Monday.

This was contained in a press statement titled, ‘We are conducting training, sensitising stakeholders and collaborating to deploy 5G effectively – Danbatta’, which was sent to our correspondent on Wednesday.

Danbatta emphasised Nigeria’s readiness to deploy 5G and highlighted some of the steps taken by the commission towards deploying the technology in the country.

The statement read, “Danbatta indicated that Nigeria continued to receive visitations by countries who wished to benchmark their operations, just as Nigeria has also visited other countries to explore how 5G and associated technologies can be deployed effectively because 5G technologies are not just valuable, they are so significant due to their derivable social and economic benefits.

The EVC discussed the innovations that could be triggered in the country through 5G deployment.

The statement read, “The EVC explicated how to unlock the potential of 5G, using a triangulated framework pivoted on Enhanced Mobile Broadband, Massive Machine Type Communication, and Ultra-Reliable Low Latency Communications.

He told the enlightened audience that the above scenarios will find expressions in gigabytes in a second, robust voice and real-time digital social mediation, massive Internet of Things like smart city and smart homes (connectedness of appliances and home security), pervasive 3D videos, and Ultra High Definition screens, augmented reality, self-driving cars, industry automation, high-speed trains, lifeline and ultra-reliable communications in telemedicine and natural disasters that will deliver successful services using critical applications.

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report affirmed Guaranty Trust Bank Limited’s long-term rating of “AA+” with a Positive outlook for the year 2021/2022.

The “AA+” indicates Lower Risk. It shows Excellent Financial Strength, Operating Performance, and Profile when compared to the standards established by DataPro. This Bank, in our opinion, has a very strong ability to meet its ongoing obligation.

READ ALSO: 2021 FY: Dangote Cement, 2 Other Firms Projected To Surpass Their Revenue Targets

The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Capital Adequacy, Asset Quality, Liquidity, Profitability, Governance, Risk & Compliance, Risk Factors, and Future Outlook of its current healthy profile in the medium to long-term period.

The Rating of Guaranty Trust Bank Limited is supported by its diversified Revenue Base, Experienced Management, Strong Capitalization, and Brand Presence.

Guaranty Trust Bank Limited had a Short-Term Rating of “A1+” which indicates the Highest Credit Quality and the Strongest Capacity for timely payment of financial commitments.

DataPro notes that the Rating carries a maximum shelf life of 12 calendar months, in line with International Best Practice.

The Rating is therefore not an offer to trade in securities nor a substitute for the user’s judgment.

It is meant for reference purposes.

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