Tick Tock... the end is approaching. The implosion and prosecutions will be spectacular. Donald Trump’s Truth Social Is In Some Big Trouble (Like Possible Money Laundering) The social network, founded by Donald Trump after he was kicked off of Twitter and other social media networks, may be in trouble due to issues with the “blank check” company with which it was scheduled to merge. https://www.19fortyfive.com/2023/09...e-big-trouble-like-possible-money-laundering/
Truth Social is dead....it would have never happened if Trump was the CEO. 'Nail in the coffin' for Trump's Truth Social after nearly $200M investment cancelled Donald Trump's shell company that aimed to take his media company public to the U.S. Stock Exchange is returning donor money, Reuters reported Thursday. It means they intend to "cancel all outstanding private investment in public equity (PIPE) investments." The company announced that they're refunding $533 million that they raised from investors. "The development is the nail in the coffin of the $1 billion investment that DWAC (DWAC.O) had raised for the merger with Trump Media & Technology Group (TMTG), which runs the Truth Social platform," said Reuters. The Fat Lady has sung.
Looks like the Biden campaign also wants to mock Donald Trump and all the lies he tells on Truth Social. The problem is that the site may not be around much longer. Biden campaign to launch account on Trump's Truth Social 'There’s very little 'truth' happening on Truth Social, but at least now it’ll be a little fun,' Biden campaign tells Fox News Digital https://www.foxnews.com/politics/biden-campaign-launch-account-trumps-truth-social The Biden campaign is launching an account on former President Trump’s Truth Social, Fox News Digital has learned. Biden campaign officials told Fox News Digital that they are joining Truth Social for the purpose of "meeting voters where they are." "Republicans can’t even agree on a Speaker of the House, so clearly, not every Republican thinks the same," a Biden campaign official told Fox News Digital. Biden campaign officials say they are "injecting our message" into GOP primary coverage and plan to combat "mis and disinformation" about President Biden that may appear on the social media platform. "There’s very little ‘truth’ happening on TruthSocial, but at least now it’ll be a little fun," a senior Biden campaign aide told Fox News Digital on Monday. The Biden campaign’s handle is expected to be @BidenHQ. Campaign officials said their first post is expected to publish later Monday. "Well. Let’s see how this goes. Converts welcome!" The campaign’s first post is expected to read. Campaign officials said they plan to hold "MAGA accountable on their own platform." The officials pointed to the campaign's existing account on "X," previously known as Twitter, in which they post content of Republican politicians and candidates attacking their opponents. "We will be leveraging the fact that Republicans can sometimes be our best messengers!" a campaign official told Fox News Digital. The officials likened the move to the Biden campaign "going into the lion’s den to point out Republicans’ hypocrisy and have a little fun at their own expense." Truth Social told Fox News Digital that it is a "free, open platform" and "welcomes anyone around the world to join." Former Rep. Devin Nunes, R-Calif., is the company’s CEO. And when asked for comment on the Biden campaign's move to join Truth Social, Trump campaign spokesperson Steven Cheung told Fox News Digital: "Crooked Joe Biden and his team are finally acknowledging that Truth Social is hot as a pistol and the only place where real news happens," Cheung said. "Unfortunately for Biden, his continuation of spreading misinformation to gaslight the American people in order to distract from his disastrous record won’t work and they’ll be ratioed to oblivion."
Trump’s SPAC Now Says Its 2021 Financial Statements ‘Should No Longer Be Relied Upon’ https://www.forbes.com/sites/zachev...l-statements-should-no-longer-be-relied-upon/ The company planning to merge with Trump Media & Technology Group, owner of the Truth Social platform, has now walked away from two years of financial statements after informing the Securities and Exchange Commission on Monday that its audited financials for 2021 “should no longer be relied upon.” In May, Digital World Acquisition Corp issued a similar notice to the SEC regarding its financial statements for the year ending Dec. 31, 2022. The retractions began after Digital World’s management, audit committee and advisors concluded that an error mandated reissuing the company’s audited financial statements. Digital World’s filings don’t identify the mistake, but say it is indicative of “a material weakness” in the company’s “internal control over financial reporting,” and that “the company’s disclosure controls and procedures were not effective.” Digital World plans to reissue the financial statements and also share a plan to address the issues. It did not provide a time frame. Digital World registered with the SEC in May 2021 as a publicly traded special-purpose acquisition company. In October 2021, it announced plans to merge with former President Donald Trump’s Trump Media & Technology Group. Two years later the deal still hasn’t closed. Monday’s filings are just the latest problem for the firm. In June, the SEC charged a former Digital World board member and two others with insider trading of the stock. The following month, Digital World settled fraud charges with the commission for “making material misrepresentations” in its pre-IPO filings by failing to disclose that it already was pursuing the acquisition of Trump Media & Technology Group. The SPAC agreed to pay an $18 million penalty if the merger goes through. On Thursday, Digital World disclosed that investors had backed out of $467 million in commitments and that the company was looking to cancel the remaining $533 million in planned investments. In a statement, Trump Media & Technology Group CEO Devin Nunes, a former Republican Congressman from California, said the move would be in the best interest of completing the merger as soon as possible. Digital World Acquisition Corp. informed the SEC on Monday that its financial statements for 2021 "should no longer be relied upon."
The Biden campaign has the most followers on *checks notes* Truth Social. LOL Trump’s Truth Social is promoting the Biden campaign’s new account https://www.cnbc.com/2023/10/18/trump-truth-social-promotes-biden-campaign-account.htm Former President Donald Trump’s social media platform is promoting President Joe Biden’s campaign account on its site. As of Wednesday, Biden’s campaign had more followers than Trump’s campaign on Truth Social. Biden’s campaign joined Truth Social on Monday, with a post saying, “Well. Let’s see how this goes. Converts welcome!” (More at above url)
Just like all of Trump's other businesses, it is going bankrupt. Trump’s Truth Social warns company may be forced to shut down amid huge losses Filing reveals Truth Social’s parent company lost over $22m in first half of 2023 https://www.independent.co.uk/tech/trump-truth-social-losses-tmtg-b2446765.html Trump’s Truth Social has lost $73 million in less than 2 years, new filing says https://thehill.com/homenews/media/...llion-in-less-than-two-years-new-filing-says/
Yep... Trump has some "consistency". We need an "obvious" tag when discussing his businesses. Trump’s Truth Social Is an Unmitigated Failure https://nymag.com/intelligencer/2023/11/trumps-truth-social-is-an-unmitigated-failure.html
Truth Social issues a warning to investors: The success of this company is "is highly dependent on the popularity and presence of president Trump," and you know he might be going to jail pretty soon, so.. yeah. Where is the Obvious tag? Donald Trump’s social network company warns potential investors of risk of him being imprisoned https://www.msn.com/en-us/money/com...s-of-risk-of-him-being-imprisoned/ar-AA1jXSZi