"I'm participating in a lot of conservations with people who have substantial means, and there are going to be new ways for people to get there information and to share information and to stay connected with each other," Schlapp said. He later defined most of these conversations as "informal" and that "plans are still coming together." One major player, Republican donor Roy Bailey, told CNBC that he is interested in potentially investing in a social media platform tailored for conservatives, to counter Facebook and Twitter. "It is something I'm interested in if it can be put together properly," said Bailey, a Texas businessman who was a key fundraiser for Trump's 2020 campaign. "I've identified a potential platform and there's a lot of work to do."