Former President Trump wanted equity in Gettr, the new social media app launched by former Trump aide Jason Miller, according to sources at Axios.
Why is this important: The former president has yet to join the app, although sources say conversations about his involvement are ongoing. Fairness talks are probably part of those conversations, and it’s all a point of negotiation.
Be smart: Miller acknowledged in media interviews that one of the app’s first funders is the family foundation of Chinese billionaire Guo Wengui. Gettr has yet to publicly announce its full list of top funders.
- Guo has no leadership role or direct financial relationship with the company. There are several investment funds that provide initial funding.
- In a maintenance with the New York Times, Miller said that there was “over $ 50 million that has been put into the platform so far and that there is somewhere between $ 25 million and $ 30 million that we currently have in the bank “.
And after: Gettr is looking to expand beyond the United States and beyond social media. The app, which now has over 2 million users, has a large international audience that includes a growing cohort in Brazil.
- Later that week, Miller and Donald Trump Jr. talk to at CPAC Brazil. Brazilian President Jair Bolsonaro has a profile on Gettr.
- Sources say the company is exploring ways to create a financial services platform, Gettr Pay.
- Miller has said in the past that since the platform will not share or sell any user data, it will be monetized through advice to creators and take a smaller share than other tech platforms. It also plans to launch ads next year.