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Truth Social - Going Broke?

trump aggressively trying to return to main social media platforms, doesn't seem to be planning on renewing 6-hour exclusivity clause he signed with his media company where he had to post his 'truths' first at truth social before other social media sites.

https://www.msn.com/en-us/news/poli...sedgntp&cvid=b80906e8f83e4878a0ea2743da3f2606

it won't affect any polit-esque type posts since these were already exempted from the clause, but he definitely doesn't appear interested in keeping up a major presence on his own platform if he can reach substantially larger audiences on meta and twitter.
 
The prominent ad on Truth Social is for the book, “Letters to Trump.” A discount is offered, and the code is “DJT20.”

So why isn’t it “DJT24?”
 
phrodeau said:
The prominent ad on Truth Social is for the book, “Letters to Trump.” A discount is offered, and the code is “DJT20.”

So why isn’t it “DJT24?”
Click to expand...
Because he didn’t lose in 20, and he is the legit President.
 
Warnings in the IPO prospectuses of U.S. companies serve, among other things, to hedge against potential investor lawsuits. These usually include all kinds of scenarios about what could potentially go wrong for a company.
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In the case of Digital World Acquisition, the special purpose acquisition company that is in the process of merging with Trump Media & Technology Group (TMTG), which owns Truth Social, Donald Trump’s social network, there is a whole chapter dedicated to risk factors related to the former president. Among them, it is noted that Trump’s companies often end up in bankruptcy. It also openly warns of the risk of the Republican front-runner for the presidential nomination being “imprisoned.”
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“A number of companies that were associated with president Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt,” reads one section. “A number of companies that had license agreements with president Trump have failed. There can be no assurances that TMTG will not also fail,” warns the next.
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“A publicly-traded entity controlled by president Trump has previously been subject to a cease and desist order issued by the Securities and Exchange Commission,” the document also warns, referring to the 2002 scandal involving Trump Hotels & Casino Resorts “for violations of the anti-fraud provisions of the Exchange Act,” relating to irregularities in the reporting of the company’s results.
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https://www.msn.com/en-us/money/com...1&cvid=83c33dba161e4fecb19d3d7f9c2e9c53&ei=30
 
It's Trump's daily grift. Now he sues the co-founders of Truth Social to grab their shares off them.

https://apnews.com/article/trump-lawsuit-truth-social-cofounders-d14ee7b187cdb1d7504903504874b1d1

SAN FRANCISCO (AP) — Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly.

The former U.S. president’s lawsuit, which was filed on March 24 in Florida state court, follows a complaint filed in February by those co-founders, Andy Litinsky and Wes Moss. Their lawsuit sought to prevent Trump from taking steps the two said would sharply reduce their combined 8.6% stake in Trump Media. The pair filed their lawsuit in the Delaware Court of Chancery.
Click to expand...

When will people learn to avoid him?
 
Last edited:
Bray123 said:
It's Trump's daily grift. Now he sues the co-founders of Truth Social to grab their shares off them.

https://apnews.com/article/trump-lawsuit-truth-social-cofounders-d14ee7b187cdb1d7504903504874b1d1


When will people learn to avoid him?
Click to expand...
Were these the two guys on Trump's Celebrity Show that he fired?

They came back to him afterward with a new deal to use his name brand to merge companies into Truth Social. Trump got free stock, about 57% ownership, at no cost for his name.

They sued Trump first, he countered, and now ... typical Trump shit blowing in the wind.
 
The window has closed on short selling this one.

Sad.
 
In a contracting economy, most businesses lose money. The many layers of permits, licensing, and all sorts of fees that must be paid before there's any revenue to tax can also sink a business before it starts.
 
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