TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp

[Foggy]

Founded in 2021, it aims to provide "cancel-proof" hosting services.

Hokay! Then we know it isn't a problem that they're owed $1.6 million that will never be paid.

[Azastan]

Great idea, but it appears the company is full on MAGA.

RightForge is an American company aimed at providing internet hosting for conservative causes that describes itself as "The first global Internet infrastructure company committed to American principles online". Founded in 2021, it aims to provide "cancel-proof" hosting services.

There is more than one way to be cancelled, and not paying your bill is a good way to start.

Perhaps some right-wing donor with money to spare will pick up the tab.

[Suranis]

They can be full on MAGA and still not able to absorb 1.6 million of a loss. Sooner or later the accountants are going to win.

[Slim Cognito]

I figure trump thinks he's such an important addition to their line-up that they should be paying HIM to host Pravda Truth.

[pipistrelle]

"Right"Forge tipped me off.

[keith]

Everything--everything that tfg tries to do turns to shit.

Trump Steaks
Trump Water
Trump University
Trump Foundation
The United States of America

For starters. Doubtless some of his real estate empire suffers from his incompetence and hubris, but those are generally out of the public eye.

Is it any wonder that his social media platform won't be suffering the same fate?

I wonder if Nunes receives a paycheck, or if he is working on spec with stock options and deferred comp.

Betcha Nunes will wind up somewhere red in 2023 and announce a return to Congress, perhaps from Iowa.

You left out casinos.

Seriously, how is it even possible for a casino to go bancrupt when there is a literal ocean of drug money to launder?

[woodworker]

Casinos going belly up -- junk bonds, competition and crappy management and casinos.

[Ben-Prime]

Trump Steaks
Trump Water
Trump University
Trump Foundation
The United States of America

You left out casinos.

Seriously, how is it even possible for a casino to go bancrupt when there is a literal ocean of drug money to launder?

Junior was too much in debt to the dealers?

[tek]

Casinos going belly up -- junk bonds, competition and crappy management and casinos.

IIRC, part of Trump's casino competition was ... another Trump casino.

[Dr. Ken]

Everything--everything that tfg tries to do turns to shit.

Trump Steaks
Trump Water
Trump University
Trump Foundation
The United States of America

For starters. Doubtless some of his real estate empire suffers from his incompetence and hubris, but those are generally out of the public eye.

Is it any wonder that his social media platform won't be suffering the same fate?

I wonder if Nunes receives a paycheck, or if he is working on spec with stock options and deferred comp.

Betcha Nunes will wind up somewhere red in 2023 and announce a return to Congress, perhaps from Iowa.

Trump airlines
The New Jersey Generals/USFL
Trump Vodka
The Trump Network

[raison de arizona]

Truth Social faces financial peril as worry about Trump’s future grows
Payment disputes and a dwindling audience have fueled doubts about the former president’s Twitter clone

Former president Donald Trump’s Truth Social website is facing financial challenges as its traffic remains puny and the company that is scheduled to acquire it expresses fear that his legal troubles could lead to a decline in his popularity.

Six months after its high-profile launch, the site — a clone of Twitter, which banned Trump after Jan. 6, 2021 — still has no guaranteed source of revenue and a questionable path to growth, according to Securities and Exchange Commission filings from Digital World Acquisition, the company planning to take Trump’s start-up, the Trump Media & Technology Group, public.

The company warned this week that its business could be damaged if Trump “becomes less popular or there are further controversies that damage his credibility.” The company has seen its stock price plunge nearly 75 percent since its March peak and reported in a filing last week that it had lost $6.5 million in the first half of the year.

There are signs that the company’s financial base has begun to erode. The Trump company stopped paying RightForge, a conservative web-hosting service, in March and now owes it more than $1 million, according to Fox Business, which first reported the dispute.

The company also has struggled with some basics of corporate operation. The U.S. Patent and Trademark Office this month denied its application to trademark “Truth Social,” citing the “likelihood of confusion” to other similarly named companies, including an app, “VERO — True Social,” first released in 2015.

The Trump company and RightForge have been communicating with each other exclusively through attorneys in recent weeks, the people said. Digital World Acquisition’s stock slid about 7 percent on Friday.

Trump’s businesses have faced many similar payment battles over the years. In past SEC filings, Digital World has also noted that “a number of companies that were associated with [Trump] have filed for bankruptcy” and that “there can be no assurances that [Trump’s media company] will not also become bankrupt.”

In fact, Digital World’s filings have been consistently downbeat on the likelihood that Truth Social will be a success. Trump’s company “may never generate any operating revenues or ever achieve profitable operations,” it said in May, and if it is “unsuccessful in addressing [its] risks, its business will most likely fail.”

https://www.washingtonpost.com/technolo ... -lago-fbi/

[Patagoniagirl]

I don't think the trump empire has tried chocolate -dipped strawberries or scented candles yet..

[Foggy]

Or a bake sale.

[Phoenix520]

How about wrapping paper? 'Tis almost the season.

I still have rolls left from when sprout was in grade school.

[Kendra]

Since it’s inception, Truth Social has been an unmitigated disaster. In addition to all the legal and financial problems, they still don’t have working DMs and notifications, engagement sucks, and the vast majority of GOP elected officials aren’t even on there.

[pipistrelle]

Its only purpose is to stoke the ego of one man.

And "Truth Social" with "truths" is awful.

[pipistrelle]

"walks and breaths"

His mistakes are getting worser. More worse.

[Luke]

Why not refer to it with its proper Russian name? PRAVDA is TRUTH, so it's really PRAVDA SOCIAL. Makes much more sense, doesn't it?

[much ado]

Why not refer to it with its proper Russian name? PRAVDA is TRUTH, so it's really PRAVDA SOCIAL. Makes much more sense, doesn't it?

Absolutely!

Or should I say Абсолютно!

[woodworker]

"Up more than 550%." Given that there is still a proposed business combination between Truth Social's parent and DWAC, currently a publicly traded company, such a statement could be viewed as a representation of how well the proposed post-combination company will be doing, and I doubt that his numbers are correct. I suspect that a clever securities lawyer could make a credible case that his comments are intended to drive up the stock price for DWAC and that, as he will likely be one of the largest shareholders post-combination, as well as a key figure in that company, he be committing securities fraud. That would make me so sad.

[Foggy]

Oh man, Trump. Stop making woodworker sad.

[Flatpoint High]

How about wrapping paper? 'Tis almost the season.

I still have rolls left from when sprout was in grade school.

"Trump Bucks" are the wrapping paper grift

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[tek]

people are stupid enough to pay $9/ea for those?

it's worse than I thought.

[Flatpoint High]

people are stupid enough to pay $9/ea for those?

it's worse than I thought.

Ya think? I bet they "med beds" are real things as well.

[bob]

"For completeness," Truth Social still appears in Google's store; it just can't be downloaded at this point. It, in fact, never was downloadable directly from Google.

So this is more of "Google's not happy with Truth's homework."