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Photo: Jabin Botsford/The Washington Post via Getty Images

Former President Trump wanted equity in Gettr, the new social media app launched by former Trump aide Jason Miller, sources tell Axios.

Why it matters: The former president has yet to join the app, although sources say that conversations about his participation are ongoing. Discussions about equity are likely part of those conversations, and everything is a negotiation point.

Be smart: Miller has acknowledged in media interviews that one of the initial funders of the app is the family foundation of Guo Wengui, a Chinese billionaire. Gettr has yet to publicly state its full list of initial backers.

  • Guo has no leadership role or direct financial relationship with the company. There are multiple investment funds that are providing initial funding.
  • In an interview with the New York Times, Miller said there's "been over $50 million that’s put in the platform so far and have somewhere in $25, $30 million range that we currently have in the bank."

What's next: Gettr is looking to expand beyond the U.S. and beyond social networking. The app, which says it now has over 2 million users, has a sizable international audience that includes a growing cohort in Brazil.

  • Later this week, Miller and Donald Trump Jr. will be speaking at CPAC Brazil. Brazilian President Jair Bolsonaro has a profile on Gettr.
  • Sources say the company is exploring ways to build out a financial services platform, Gettr Pay.
  • Miller has in the past stated that since the platform won’t share or sell any user data, it will monetize via tips to creators and will take a smaller cut than other tech platforms. It also plans to launch ads next year.

Go deeper

First look: Inside The New York Times' audio app

Via New York Times

The New York Times on Tuesday will open up its new audio app to beta testers ahead of a public launch next year.

Why it matters: The Times has built an audio empire, acquiring audio companies and investing heavily in new podcasts. But they're mostly distributed on apps like Apple and Spotify, limiting the ways The Times can experiment with new audio features for journalism.

45 million Americans under winter storm watches near New England

Computer model projection showing the winds moving around the powerful East Coast storm on Saturday Jan. 29, 2022. Image: https://earth.nullschool.net

Nearly 45 million Americans are under winter weather alerts and warnings from North Carolina to northeastern Maine, as a major winter storm threatens the region.

Why it matters: It is predicted to be the biggest blizzard since 2018 to strike the Northeast with more than 2 feet of snow possible in parts of eastern Massachusetts, according to the National Weather Service.

2 hours ago - World

Australian PM pledges $700M for climate change-threatened Great Barrier reef

A green sea turtle is flourishing among the corals at Lady Elliot island in Australia's Great Barrier Reef. Photo: Jonas Gratzer/LightRocket via Getty Images

Australian Prime Minister Scott Morrison announced Friday a AU$1 billion ($703 million) investment plan for the Great Barrier Reef.

Why it matters: The nine-year plan for projects including water quality improvement, reef conservation and supporting some 64,000 tourism jobs comes months ahead of this year's federal election. It has been criticized by scientists and environmental groups for failing to tackle climate change.