From: Forbes | Money & Politics - Tuesday Mar 30, 2021 06:57 pm
Forbes Money & Politics Newsletter

With his Twitter and Facebook profiles indefinitely offline, Donald Trump is purportedly launching his own social network. On the 21st, a representative of the former president told Fox News that Trump’s network would launch in two to three months. Doing so would be complicated, especially since  major tech companies have been hesitant to host apps that refuse to take a stand on political misinformation. Gab and Parler, two right-wing social media apps, both reportedly turned down offers from Trump to join their networks in exchange for equity stakes in the platforms.

Dan Alexander

Dan Alexander

Senior Editor, Money & Politics

Deniz Çam

Deniz Çam

Reporter, Wealth

Christian Kreznar

Christian Kreznar

Assistant Editor

Dumped By Twitter, Trump Looks To Build Or Buy His Way Back Onto Social Media
Dumped By Twitter, Trump Looks To Build Or Buy His Way Back Onto Social Media

Trump approached conservative media app Gab before announcing plans to start his own app.

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Meanwhile, Twitter founder Jack Dorsey seems to be hooked on his own product. The social media baron tweeted during the middle of his testimony before the U.S. House of Representatives. Facebook’s Mark Zuckerberg and Google’s Sundar Pichai also testified.

Saturday marked the one-year anniversary of the $2.2 trillion coronavirus relief CARES act.
Forbes’ Sarah Hansen gives an overview of the Covid-19 recession, including the millions of unemployed and the trillions spent to stimulate the economy.

Facebook has accused
Chinese hackers of using their network to target Uyghur activists. In contrast to the large scale misinformation campaigns being examined by Congress, the alleged Chinese- program was narrowly focused; hackers pretending to be Uyghurs or sympathetic journalists used Facebook to befriend activists before infiltrating their devices with spyware.

China is likely to begin regulating e-cigarettes like other tobacco products. The potential new regulations, released by two state agencies, dealt a
$2.4 billion blow to Chinese billionaire Kate Wang, founder of e-cigarette maker RLX Technology. The move could slow RLX’s entry into foreign markets.

Prince Harry and Meghan Markell have hired film producer Ben Browning as head of content for their media ventures, Archewell Studios and Archewell Audio. Browning, who worked on The Big Sick, Arrival, Room and, most recently, Promising Young Woman, brings industry experience and connections to the fledgling effort from the ex-royal couple.


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