(John Ransom, Headline USA) Gab CEO Andrew Torba said that the social-media company’s Parallel Economy Fund will begin vetting applications over the next several weeks for investments to bolster the Gab community, including start-up businesses and families.
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— Michael (@cryptotraveler) February 17, 2022
“The Gab Parallel Economy Fund will be our way of giving back to and reinvesting in the community,” Torba said about the effort in a Gab press release.
The Gab fund is one of a growing number of alternatives to Big Tech that have cropped up since the tech giants have begun censoring conservative thought even to the extent of deplatforming popular content such as Prager U, Donald Trump and others.
“In response, technology firms, including a forthcoming venture from Trump, have sprung up to provide what their founders and users see as a protected space for free speech online,” said Reuters. “These companies are seeking to work together across services like distribution and payment, bypassing established tech players.”
Beyond communications platforms, Torba’s support seems to extend, as well, into other areas where virtue-signaling corporations have carried water for Democrats while attempting to pressure lawmakers to embrace a radically woke agenda.
“We’ve been banned from app stores, hosting providers, email services, banks, and more,” Torba said. “We had to build solutions to all of these problems and we are the only technology company in the world to accomplish that daunting task.”
Like Gab, the Trump-backed Truth Social also has been working to design its infrastructure from scratch. The app—which launched this week—met with delays as massived demand left hundreds of thousands waitlisted. CEO Devin Nunes said he expects all the kinks to be resolved by the end of March.
Torbas said that the numbers of visitors to the Gab social media platform is growing exponentially each month, helping to provide distribution for start-up companies in spaces in which the Parallel Fund is most interested.
“In the past 30 days alone we’ve had over 90 million visits to Gab, which is up from 70 million in November,” Torba said. “That’s more than most of the ‘mainstream’ news sites and that number is exploding in growth.”