Trumps Truth Social --

Regular Member Posts : 7317 Join date : 2014-07-29

8-9-2022

Digital World Acquisition Corporation (DWAC), the shell company that was expected to take the new business pub__,
has declined in value by 80% from
its high mark last October.

DWAC has suffered a series of the financial and legal setbacks that are so common to any Trump enterprise. And now there is another adversity owing to Trump's inbred immorality:

"Digital World Acquisition Corp., the special purpose acquisition company planning to merge with the company behind former President Donald Trump's Truth Social platform, is asking its shareholders to delay the deadline for completing the deal until 2023, in part because of federal investigations into the transaction.
DWAC warned that may not even be enough time, though, noting the investigations might hamper its ability to win regulatory approval, which it said 'may require us to liquidate.''

The "federal investigations" to which this notice refers includes a Grand Jury in New York, for which all of DWAC's board members have been subpoenaed.

At the same time the Securities and Exchange Commission is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading.

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Subject: Re: Trumps Truth Social -- Wed Aug 10, 2022 6:57 pm

Regular Member Posts : 7317 Join date : 2014-07-29

8-11-2022

The body armor-clad man who allegedly attacked the FBI office in Cincinnati appears to have posted to Trump's Truth Social website during the attack..

"Looks like Truth Social just deleted the account suspected to be that of the man who attacked the
FBI office in Cincinnati," USA Today correspondent Will Carless reported.

"If this is Shiffer's Truth Social account, he posted two days ago about killing federal agents, and posted 8 hours ago about attacking the FBI," Carless reported.

NBC News reported, "Shiffer appeared to have posted a message detailing his failed attempt to gain entry to the FBI building."

Extremism researcher Jared Hold reported on the post in question.

"Well, I thought I had a way through bulletproof glass, and I didn't," the account posted.

"If you don't hear from me, it is true I tried attacking the F.B.I., and it'll mean either I was taken off the internet, the F.B.I. got me, or they sent the regular cops while," the post trailed off.

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8-16-2022

Truth Social has become a 'haven' of doxxed info against federal officials after Mar-a-Lago raid.

Rolling Stone political reporter Asawin Suebsaeng explained how former President Donald Trump's
social media network is only fanning the flames as Republicans rage against the FBI search warrant executed at Mar-a-Lago to find missing classified documents.

Truth Social, said Suebsaeng, is being used to out the personal information of officials involved in the case — and their families.

"In 2016 we saw the Russians infiltrate our democracy targeting Black voters, and now Trump has engaged in these, you know, essentially Twitter wannabe platforms."

"Well, you mentioned the term 'Twitter wannabe' earlier in terms of what Trump's attempt at building a MAGA social media — it's Truth Social, and at its very best form, currently, it's a Twitter wannabe," said Suebsaeng.

"Unfortunately for Trump, nothing more so now in terms of how much of a player it's going to be in terms of radicalization, that depends on how much popularity it's going to gain and right now that's a little bit questionable."

"What we do know, in terms of the level of MAGA-related popularity that it does have, is that in recent days, ever since the FBI raid on Trump's home and private Florida club in Mar-a-Lago, Truth Social had become a haven in the way that other social media platforms and more shall we say mainstream social media platforms had not become____
for this type of doxxed information on not just the personnel, the magistrate who signed off on this and also their families," said Suebsaeng.

"To make sure we weren't being completely unfair, because there are a lot of things that happen on
a lot of different social media platforms that aren't necessarily the fault of the people, shall we say, of the people who owned them, we did a quick search on Twitter," added Suebsaeng.

"We did a search on Twitter, just a one-on-one comparison between Truth Social and Twitter.com and we couldn't find any of
the same doxxed information we were describing earlier about the FBI personnel and their families,
so take that for what you will."

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Regular Member Posts : 7317 Join date : 2014-07-29

8-25-3033

Trump's TRUTH Social Owes its Web Hosting Service Millions
and Hasn't Made a Payment in Months.
Trump is sinking ever more into legal and financial trouble.

A story published by the Fox News Business site:
Is reporting that Truth Social has failed to make
payments to the web hosting service that it runs on.
According to Fox Business...

"In October, RightForge announced it entered into an agreement to host Truth Social, which Trump helped create after he was banned by Twitter following the Jan. 6 riots.

RightForge now contends that Truth Social has reneged on its contractually obligated monthly payments for setting up the platform’s web-servicing infrastructure, according to three
people with direct knowledge of the matter.

"These people say RightForge contends that Truth Social has made just three payments and ceased making any payments since around March.

RightForge claims that Truth Social owes it around $1.6 million and is threatening legal action to recoup the money, these people add."

Truth Social has sputtered to the starting gate, left its users hanging, lost 70% of its value (at DWAC), and is currently being investigated by a federal Grand Jury and the Securities and Exchange Commission.

And if all of that isn't bad enough, Axios is reporting that Truth Social's trademark application has been denied.
Apparently, the U.S. Patent and Trademark Office "found two other companies who already use the Truth Social wording."

All of which is the predictable path of any Trump enterprise. However, the Fox Business story also notes that Trump is in even much bigger trouble personally...

"Trump himself faces mounting legal woes including a Justice Department probe over his role in the Jan. 6 Capitol riot;
a New York state civil probe into the finances of the Trump Organization, his real estate and branding business; and, most recently, a DOJ probe into whether he mishandled classified documents at his Mar-a-Lago estate that led to the recent FBI raid."

Subject: Re: Trumps Truth Social -- Thu Aug 25, 2022 9:36 pm

I wonder if Temple will ever realize that a discussion board means 'discussion' and not 'copy and paste'.

Nah.

Regular Member Posts : 7317 Join date : 2014-07-29

9-1-2022

Trump social network unwelcome in Google store over moderation issues.

Former US president Donald Trump's Truth Social app is unwelcome in Google's app store until it abides by rules regarding content moderation including violent threats, the company said Wednesday.

The internet giant made the statement after the Trump camp argued that it didn't know why its social network app had yet to be approved for the Google Play Store, which offers content for Android-powered smartphones.

A Google spokesperson said the company notified Truth Social on August 19 that its app violated Play policies and required "effective systems for moderating user-generated content" in order to be offered on the platform.

The app breaks rules barring content that incites physical threats and violence, according to the tech firm.

"Last week Truth Social wrote back acknowledging our feedback and saying that they are working on addressing these issues," the Google spokesperson said.

Truth Social would still be able to make its app available on its website or other online venues that don't involve Google's online shop.

As of Wednesday a version of Truth Social was still available on Apple's App Store, which is the lone gateway onto the company's mobile devices.

Truth Social is Trump's answer to platforms such as Twitter, from which he was ejected after a mob he egged on assaulted the US Capitol in January 2021.

Signs are growing meanwhile that Truth Social is in financial trouble.

Fox Business Network reported last week that the platform had halted payments to the company that hosts it, RightForge, and owes $1.6 million.

Meanwhile, a merger between Trump Media and Technology with blank check company Digital World Acquisition Corp, which was formed specifically to carry out the merger, has yet to take place 10 months after the announcement that it would happen. This fusion is supposed to bring in fresh funding for the Trump platform.

Regulators are reported to be scrutinizing the merger to determine if anything was amiss.

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9-5-2022

Deal partner for Trump's Truth Social fails to get backing for SPAC extension.

(Reuters) - The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.

At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), which operates the former U.S. president's Truth Social app, stands to receive from Digital World Acquisition Corp, the special purpose acquisition company (SPAC) that inked a deal last October to take TMTG public.

The transaction has been on ice amid civil and criminal probes into the circumstances around the deal. Digital World had been hoping that the U.S. Securities and Exchange Commission (SEC), which
is reviewing its disclosures on the deal, would have given its blessing by now for the transaction to proceed.

Most of Digital World's shareholders are individual investors and getting them to vote through their brokers has been challenging, Digital World Chief Executive Patrick Orlando said last week.

Digital World needs 65% of its shareholders to vote in favor of the proposal to extend its life by 12 months for the move to become effective.
By Monday evening, far fewer Digital World shareholders than those required had voted in favor, the sources said.

The outcome of the vote is set to be announced at a special meeting of Digital World shareholders on Tuesday. Digital World executives do not believe they will be able to muster enough shareholder support in time and have started to consider alternative options, according to the sources.

The sources requested anonymity because the vote tally figures have not been publicly announced. Representatives for Digital World and TMTG did not immediately respond to requests for comment.

One option being considered by Digital World is to postpone the vote deadline in a final bid to boost more shareholder support, the sources said.
Without further action, the SPAC is set to liquidate
on Thursday and return the money it raised in its September 2021 initial public offering.

Were Digital World to fail in its bid to get its shareholders to back the one-year extension, its management has the right to extend its life without shareholder approval by up to six months.

Digital World has disclosed that the SEC, the Financial Industry Regulatory Authority and federal prosecutors have been investigating the deal with TMTG, though the exact scope of the probes is unclear.

Among the information sought by regulators are Digital World documents on due diligence of potential targets other than TMTG, relationships between Digital World and other entities, meetings of Digital World's board, policies and procedures relating to trading, and the identities of certain investors, Digital World has said.

Were the deal to be completed, TMTG would receive $293 million that Digital World has on hand plus $1 billion committed from a group of investors in the form of a private investment in public equity (PIPE).

The PIPE is scheduled to expire on Sept. 20 unless the deal is completed. Investment bankers for Digital World have been reaching out to investors in the last few weeks to gauge their interest in extending the PIPE, a person familiar with the matter said.

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9-8-2022

Trump social media company loses vote to go public and raise money to keep running: report.

Digital World Acquisition Corp., a so-called "blank check" company, failed on Thursday to garner enough shareholder votes to take Donald Trump's Truth Social public.

"Former President Trump's social media company has another potentially big problem on its hands:
It's struggling to complete a stock market listing that would allow it to raise more than $1 billion it needs to keep running," NPR reported.

"Trump Media and Technology Group, which includes the Truth Social app it launched earlier this year, had been planning to list on the Nasdaq stock exchange through a complicated process known as a SPAC merger."

The Securities and Exchange Commission has yet to approve the merger.

"Instead of pursuing a traditional IPO, the Trump Media and Technology Group decided to merge with
a blank check company that is already listed on the Nasdaq," NPR reported.
"These kinds of deals have became popular in recent years, when interest rates were near zero. In effect, they give private companies a shortcut to going public —
requiring less transparency than traditional IPOs."

_________________

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9-27-2022

Trump's dealings with Truth Social merger may have violated the law.

In a deep dive into the struggles that Donald Trump's Truth Social is experiencing, the Guardian's Chris McGreal reports that an investigation into illegal stock trading may be warranted according to a law professor who has been taking a look at how the deal is falling apart.

The social media platform that grew out of the former president's banishment from Twitter after the Jan. 6 insurrection has run into major difficulties, from gaining followers -- approximately 4 million compared to 80 million for Twitter -- to raising money it needs to continue on.

As McGreal reports, the future of the company is under a cloud because it has "run into trouble as more than a billion dollars in investment has stalled amid shareholder hesitation and a federal investigation into whether Trump Media and Technology Group broke the law in its dealings
with a company set up to provide the money."

According to New York University law professor, Michael Ohlrogge, "who specializes in the kind of funding Trump is now seeking," there are serious
red flags that should alarm any investors.

"There’s a lot of questions about whether this a viable business. Is it actually going to make any money? There’s plenty of good reasons to doubt that. It’s pretty obvious that this was just this thing that he slapped together very quickly,” Ohlrogge explained.

In particular he cast a wary eye at the Digital World Acquisition Corp SPAC created with the intent of funding Trump Media.

According to the Guardian, "Digital World Acquisition Corp was created as a Spac a year ago without any commitment to invest in Trump’s media business. Shareholders gambled that their investment would increase in value when Digital World found a company to merge with.
That’s exactly what happened when the deal with Trump Media was announced just seven weeks later, driving the price of Digital World’s shares up tenfold."

However, now that shareholders have balked at approving the merger, Ohlrogge suggests the SEC may have some questions during the delay.

As the Guardian reported, "Ohlrogge said that the SEC is likely to be looking at whether Trump sealed an agreement, or came close, with Digital World before the Spac began selling shares without telling potential investors, in breach of financial regulations."

For his part, Ohlrogge explained, "If they were already in advanced talks with Trump’s Spac and didn’t tell that to the initial investors, then that could be a relatively clear violation of the securities laws. There’s relatively good reason to suspect that may have been the case."

The report adds that Digital World’s share price has plummeted from $100 to approximately $23."

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9-21-2022

Truth Social drags the company's stock down
30% in a 6-day decline.

Digital World becoming Truth Social’s SPAC has indeed been delayed in part because of the ongoing SEC review. But it has also been delayed because a little over two weeks ago, the company revealed it would be delaying the shareholder vote that would support a year-long extension to complete the deal with the Trump media company.

What that actually means is that DWAC couldn’t get at least 65% of the shareholders on the board to vote for that extension.
This brief moment led to an equally brief rise in stock prices for the company, after independent advisory firm and sponsor of DWAC, Arc Capital, put down money to extend the merger deadline for three months without shareholder approval.
Arc Capital is a Shanghai-based investment firm that the SEC has accused of being deceitful to its investors.

Truth Social came out of the gate stumbling and shoddy, as all Trump-connected endeavors do. Trump’s cache as a media mogul has never really meant much more than that he was the orangest car crash worth watching and reporting.

The MAGAsphere has been what the kids call stolidly tentative in their lack of embracing the platform. Within weeks of its “soft launch” top executives had already jumped ship from platform.

A SPAC is a shell company that allows a business like Truth Social to begin trading publicly faster while also offering up a chance to raise more money for the business—as most of us already sort of realize, Trump hasn’t really had his own big money for decades.

Arc Capital’s extension money delays the need for a vote until the beginning of December.
However, with well over a billion dollars at stake, if it does not go through, DWAC will have to liquidate and give the money back to its investors, and Truth Social will have to ask Devin Nunes and Donald Trump if they have any other bright ideas.

MAGA-millionaire henchman Marjorie Taylor Greene
is already taking a bath on her investment in Truth Social.

_________________

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9-24-2022

Investors pulling out millions and abandoning
Trump's Truth Social SPAC.

According to a report from Reuters, investors who had planned to be a part of the new business entity behind Donald Trump's Truth Social media platform are bailing and taking their millions in their investment capital elsewhere.

The SPAC that would tie Truth Social to Digital World Acquisition Corp has been buffeted with nothing but bad news for months after an FEC probe of the deal was announced, the Truth Social app was banned from Google Play and the enrollment on the site has stalled out despite Trump being the main attraction since he is banned on Twitter, Facebook and other social media sites.

According to the new report, an FEC filing reveals that an estimated $139 million in proposed financing has been withdrawn

Reporting that "The deal between the special purpose acquisition company (SPAC) and Trump Media and Technology Group (TMTG), which owns Truth Social, has been on ice due to civil and criminal probes into the circumstances around the agreement,"
the Reuters report added.

"Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced."

RELATED: 'Trump’s deranged outrage style' is history as Truth Social becomes a 'slow-cooking financial disaster': analyst

One investor reportedly delivered the biggest blow.

"Sources told Reuters Sabby Management, which had committed $100 million to the PIPE, is one of the investors who have terminated," the report stated before adding that more investors are expected to withdraw in the coming weeks now that a Sept. 20 deadline has passed with little movement.

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10-3-2022

Investors playing hardball with troubled Trump start-up as they threaten to take their money and walk.

According to a report from Politico, the embattled partnership between Donald Trump's social media start-up and the company behind the SPAC that would take it public is on the verge of falling apart
for good as potential investors either renege on their plans to fund it or demand a bigger return on their investment.

At issue is the proposed deal that was supposed to inject over a billion dollars into the increasingly troubled start-up before it went public --
which now may collapse under its own weight.

As Politico's Declan Harty reports, investors sensing weakness now want a bigger slice of the pie if they are expected to park their money in a business deal that has been struggling since its inception.

Reporting, "The group of more than three dozen investors who had planned to put $1 billion into the company have begun to waver as bad news keeps piling up around the deal," Harty wrote.

"The hedge funds, trading firms and other major backers are questioning whether the financial riches that first attracted them to the transaction are still strong enough to hold their interest in a deal fraught with troubles, according to four investors who asked not to be named.

Negotiations have been ongoing as some investors seek bigger potential profits in exchange for following through on commitments to put hundreds of millions of dollars into the venture."

With a cloud hanging over it due to an SEC investigation and the company's inability to pay its bills, investment analysts are waving the red flag.

According to Kristi Marvin, of data research company SPACInsider, "This deal has taken more left turns than a doorknob. Now, it’s just got so much hair on it.”

Writing, "Eleven months ago, Trump Media & Technology Group unveiled plans to merge with a company called Digital World Acquisition Corp. in a SPAC deal"

"At stake for Trump and his startup — the company behind conservative social media app Truth Social — is hundreds of millions of dollars, marking the latest blow to the former president’s business empire since he left office."

The Politico report adds that one potential investor told them on the condition of anonymity, "that they do not expect to get back into the deal, adding that they had remorse about doing it to begin.

Considering the former president’s involvement.
The investor said that much of the interest in the deal has revolved around the economics of it, with many set to profit from huge windfalls should it go through."

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10-15-2022

Trump's Truth Social broke the law, says former VP — who gave the Feds the evidence.

Federal investigators have received evidence of crimes from a former executive at the Trump Media & Technology Group, which runs his Truth Social clone of Twitter, according to a bombshell new report by The Washington Post that was published online on Saturday afternoon.

The newspaper reports the company's former senior vice president of operations, Will Wilkerson, is pursuing whistleblower status from the Securities
and Exchange Commission (SEC).

Wilkerson believes Trump forced out company co-founder and former contestant on the TV show
"The Apprentice" Andy Litinsky for not handing over shares in the company to Ivanka Trump. Wilkerson provided the newspaper with an email from Litinsky saying the former president was retaliating against him.

"The email — one of hundreds of previously unreported company messages, documents, photos and audio recordings that Wilkerson has provided to the SEC in connection with a whistleblower submission — reveals a stunning portrait of the animosity that has built up inside Trump Media since its high-profile debut last year," the newspaper reported.

Shortly before midnight on Friday evening, Trump posted that "Truth Social was Number One on the Internet today!"

"Promoted as the centerpiece of Trump’s post-presidential business ambitions, the company had marketed itself as a budding media empire, with enterprises planned in social media, video streaming, live events and online payments —
a powerful rival not just to Twitter but Disney, Google and Amazon," the newspaper reported.

"But inside the company, Wilkerson said, those plans gave way to bitter infighting, technical failures and a chaotic jockeying for power among Trump allies that undermined its potential and left some employees crying at their desks."

The newspaper reports Wilkerson filed a whistleblower complaint in August and was fired on Thursday after speaking to Post reporter Drew Harwell.

"Wilkerson is cooperating with investigations into Trump Media by the SEC and federal prosecutors from the Southern District of New York, said his attorneys, Phil Brewster, Patrick Mincey and Stephen Bell," the newspaper reported.

"Among the materials he filed with the SEC’s whistleblower office is a detailed, day-to-day computer log compiled by company co-founder Wes Moss, Litinsky and Wilkerson about their daily company-related activities.

He also provided to The Post a copy of that log as well as numerous other memos, photographs and videos that chronicled the creation of Trump Media."

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Subject: Re: Trumps Truth Social -- Fri Oct 28, 2022 7:40 pm

We Finally Know Who Funded Trump's Truth Social
Lauren Leffer | Gizmodo
Fri, October 28, 2022 at 11:05 AM

Whistleblower filings have made the financial fingerprint of Truth Social and the rest of Trump’s media venture a little clearer.

Since the Donald Trump-founded social media platform, Truth Social, launched in February, the site’s financial origins have been cloaked in a layer of mystery. The company secured a reported $1 billion in funding, but that money remains inaccessible pending a successful public launch. In the interim, Trump’s media venture has pulled together about $38 million in debt, according to SEC filings, and that money didn’t come from Trump himself. So, who provided it?

Finally, we have some answers, according to a report from Reuters. An oil tycoon with political ties, former Trump appointees and staff sycophants, and your generic rich business owners pooled their resources together.

In August, a former co-founding executive of Trump Media & Technology Group (TMTG),William Wilkerson, filed a whistleblower claim with the Securities and Exchange Commission (SEC) against his employer and the sketchy shell company trying to take Truth Social public. Earlier this month, Wilkerson went public with his complaint. And now, some of the documents Wilkerson shared with the SEC have come to light.

Here are some of the major Truth investors, according to those filings, as first reported by Reuters:

Karl Pfluger, president of the Texas oil company Oryx Midstream and brother of Congressman August Pfluger, has put nearly $10 million towards Truth social since December 2021. Rep. Pfluger has been an outspoken supporter and endorsee of Trump. He was one of the many politicians who voted against certifying the results of the 2020 election, and just recently started receiving fundraising dollars from Amazon’s corporate PAC.

Patrick Walsh, CEO of Empire Holdings—a company that manages multiple gym brands—has invested $6.2 million with Truth.

Kenny Troutt, a Texas telecoms billionaire who has donated to Trump before, forked over $4 million for Truth.

Roy Bailey, the co-finance chairman for Trump’s 2016 election campaign and later a lobbyist for the administration, gave at least $200,000 towards Truth.

George Glass, a real-estate developer from Oregon who was appointed to serve as the U.S. Ambassador to Portugal during Trump’s presidency, dumped in at least half a million.

Bob McNutt, fittingly the CEO of a mail-order fruitcake company, made a modest $100,000 contribution to Trump’s social media platform.

Obviously, that still leaves about $10 million unaccounted for. According to Reuters, Wilkerson’s whistleblower documents contained about $9.4 million in promissory notes that the outlet couldn’t identify the origins of.

Though Trump’s Truth clearly has some wealthy and powerful supporters, the platform is still struggling amid multiple federal investigations. Its attempt to go public has been delayed by these probes, and investor support has seemingly waned in recent months. Last month, the shell company doing its best to prop the social media site up downgraded from an office space to a UPS store mailbox.

Notably, with Elon Musk’s acquisition of Twitter finally complete, Trump will likely return to his previous favorite platform. On Twitter, the former president once had more than 88 million followers, compared with just about 4 million on Truth, before being perma-banned. As long as his media company survives, Trump is contractually obligated to keep Truth-ing, but he’ll have leeway to tweet too. So, it’s unclear how much he will continue to prioritize growing Truth’s investor base and audience.

Trumps Truth Social -- - Page 3 345df76ec88d8f231f7856188313dcb3

Trumps Truth Social -- - Page 3 345df76ec88d8f231f7856188313dcb3

“I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs,” Trump posted on Truth on Friday, following the news of Musk’s takeover. In the post, he expressed enthusiasm for both platforms.

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Non-Partisan Facts: https://usafacts.org

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11-3-2022

Trump supporters could lose 'millions' as shell company trying to acquire Truth Social faces liquidation.

On Thursday, Matthew Sheffield of The Young Turks reported that supporters of former President Donald Trump are facing the prospect of collectively losing millions of dollars they invested into Digital World Acquisition Corp. (DWAC).

The special purpose acquisition company, or "blank check" firm that has sought to purchase the former president's Truth Social platform to take it public, as DWAC faces its liquidation deadline with little progress on completing the deal.

"In a call with investors, Patrick Orlando, the chairman and CEO of the struggling shell company announced that DWAC was going to reconvene on Nov. 22," said the report.

"It was an ominous sign that Digital World had failed to receive authorization from 65% of shareholders to continue the company’s existence, despite months of trying.
Under the terms of DWAC’s incorporation, the company was supposed to merge with a private firm within one year’s time or dissolve and reimburse its investors at a rate of about $10 per share."

"Liquidation appears more likely to be DWAC’s fate as Trump himself appears increasingly uninterested in the company (or its stockholders) as it has struggled to defend itself from a criminal investigation that executives engaged in prohibited insider trading and a separate inquiry from the Securities and Exchange Commission about allegations of illegal contact between DWAC officers and the leadership of Trump Media and Technology Group (TMTG)," said the report.

According to the report, many Trump supporters are set to take a haircut after purchasing DWAC at $90 a share.

"In remarks posted on Truth Social after the latest postponement, members of the site expressed increasing frustration with DWAC’s leadership," the report continued. "
We are all in the dark and have no idea what's going on after multiple extensions,' one member wrote.
'I agree this is BS!' another user replied.
'I love Truth Social but I can honestly say that I’ve never seen anything like this in my life!
Guess our stock is fixin to drop lower on the news!'"

Truth Social, which was founded to be an alternative to Twitter after the former president's ban from that site for his role in inciting the January 6 insurrection at the U.S. Capitol, has been facing other problems.

The co-founder of TMTG has alleged violations of securities laws and improper pressure to transfer shares to former First Lady Melania Trump.
And Orlando himself faces a fraud lawsuit by a former executive at DWAC, who alleges he was improperly pushed out of the deal.

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Regular Member Posts : 7317 Join date : 2014-07-29

12-27-2022

In Yet Another Damning Blow, Donald Trump’s Truth Social Company Was Ordered By Federal Judge To Turn Over Info On Devin Nunes’ New Job As CEO

As if the whole FBI search warrant raid ordeal wasn’t bad enough for ex-president Donald Trump, it seems the hits are coming from every angle at this point, as now the former guy’s social media company seems to be under fire as well, according to reporting from Reuters.

According to the report, U.S. Magistrate Judge William Matthewman in West Palm Beach, Florida, recently ruled that Donald Trump’s media and technology company has no choice but to turn over information regarding ex-Republican congressman turned Truth Social Chief Executive Officer Devin Nunes’ employment with the ex-president’s copycat Twitter company.

The brutal ruling hails from a $75 million defamation lawsuit Nunes — who suddenly resigned from his position as a Republican House Rep. in California — lodged against both Hearst Magazine Media Inc and journalist Ryan Lizza.

According to Judge Matthewman’s ruling, Trump Media and Technology Group Corp had only 10 days to comply with the request made via a subpoena by the defendant in the case and turn over all information they possess regarding Nunes’ position as Truth Social CEO.

Trump Media is the parent company of Trump’s Truth Social social media platform that he began working on after he was indefinitely banned from Twitter in the aftermath of the January 6th Capitol insurrection.

Nunes’ lawsuit against Hearst and Lizza, lodged against them in an Iowa court, hails from the 2018 Esquire magazine article penned by Lizza that alleges the Nunes family dairy cow farm relocated from the state of California to Iowa.
Nunes claims in the lawsuit that Lizza’s article caused grave harm to his reputation. Hearst requested the information regarding Devin’s employment as CEO of Truth Social in an effort to prove that Nunes suffered
no such damage from the story.

Hearst’s legal team has said they feel certain that the subpoenaed documents regarding Nunes’ employment status in the ex-president’s company will show that the ex-congressman “maintains a sterling reputation.” Trump’s media company attempted to argue that the information was irrelevant to the case and that providing the requested documents would be burdensome to the company.

Nunes, who formerly served as the top Republican on the House Oversight Committee, abruptly resigned from his position in Congress back in January to take the high-ranking position at the former president’s new social media company.

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Subject: Re: Trumps Truth Social -- Tue Sep 05, 2023 11:43 am

Donald Trump's Truth Social Might Be Days Away From a Full Collapse as Crucial Deadline Approaches
Kristyn Burtt
Tue, September 5, 2023 at 9:18 AM MDT

Donald Trump’s Truth Social has been around since October 2021, but his favorite online place to rant may not be a viable social media platform for much longer. The former president’s pet project after he left the White House was supposed to be a part of a merger with Digital World Acquisition, but the deal hasn’t closed almost two years later, and they have an impending deadline.

It’s what The Washington Post is describing as a “catastrophic threat” because both parties need the deal to close before the rapidly approaching Sept. 8 deadline. An emergency shareholder meeting has been scheduled to try and garner enough votes to get some breathing room for the merger to occur. What makes this issue so pressing is that if they don’t get enough votes, Digital World “will be required by law to liquidate and return $300 million to its shareholders, leaving Trump’s company with nothing from the transaction,” according to the media outlet.

The company was a stockholders’ dream, reaching a peak price of $175, but it is trading at only $14 a share today. It would not only be a financial disaster for Digital World if this merger fails, but it would also be the latest controversy to pile on to Donald Trump’s legal woes. The vote is happening on Tuesday, Sept. 5, so it’s either go time for the two companies, or it will be doomsday for the Sept. 8 deadline.

https://twitter.com/SheKnows/status/1698779716130402728

Of course, Trump Media doesn’t to take any responsibility for this situation and has blamed the Securities Exchange Commission (SEC) for their problems. They gave The Washington Post a statement in November 2022 accusing the SEC of “trying to sabotage our merger and harm President Trump for purely political reasons.” If Truth Social does collapse, this might be good news to Elon Musk, who has been dying to get Donald Trump back on X, formerly known as Twitter, on his platform full-time. That day may come sooner than anticipated.

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Non-Partisan Facts: https://usafacts.org

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Subject: Re: Trumps Truth Social -- Tue Sep 05, 2023 11:43 am

Donald Trump's Truth Social Might Be Days Away From a Full Collapse as Crucial Deadline Approaches
Kristyn Burtt
Tue, September 5, 2023 at 9:18 AM MDT

Donald Trump’s Truth Social has been around since October 2021, but his favorite online place to rant may not be a viable social media platform for much longer. The former president’s pet project after he left the White House was supposed to be a part of a merger with Digital World Acquisition, but the deal hasn’t closed almost two years later, and they have an impending deadline.

It’s what The Washington Post is describing as a “catastrophic threat” because both parties need the deal to close before the rapidly approaching Sept. 8 deadline. An emergency shareholder meeting has been scheduled to try and garner enough votes to get some breathing room for the merger to occur. What makes this issue so pressing is that if they don’t get enough votes, Digital World “will be required by law to liquidate and return $300 million to its shareholders, leaving Trump’s company with nothing from the transaction,” according to the media outlet.

The company was a stockholders’ dream, reaching a peak price of $175, but it is trading at only $14 a share today. It would not only be a financial disaster for Digital World if this merger fails, but it would also be the latest controversy to pile on to Donald Trump’s legal woes. The vote is happening on Tuesday, Sept. 5, so it’s either go time for the two companies, or it will be doomsday for the Sept. 8 deadline.

https://twitter.com/SheKnows/status/1698779716130402728

Of course, Trump Media doesn’t to take any responsibility for this situation and has blamed the Securities Exchange Commission (SEC) for their problems. They gave The Washington Post a statement in November 2022 accusing the SEC of “trying to sabotage our merger and harm President Trump for purely political reasons.” If Truth Social does collapse, this might be good news to Elon Musk, who has been dying to get Donald Trump back on X, formerly known as Twitter, on his platform full-time. That day may come sooner than anticipated.

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Non-Partisan Facts: https://usafacts.org

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Subject: Re: Trumps Truth Social -- Tue Sep 05, 2023 11:43 am

Donald Trump's Truth Social Might Be Days Away From a Full Collapse as Crucial Deadline Approaches
Kristyn Burtt
Tue, September 5, 2023 at 9:18 AM MDT

Donald Trump’s Truth Social has been around since October 2021, but his favorite online place to rant may not be a viable social media platform for much longer. The former president’s pet project after he left the White House was supposed to be a part of a merger with Digital World Acquisition, but the deal hasn’t closed almost two years later, and they have an impending deadline.

It’s what The Washington Post is describing as a “catastrophic threat” because both parties need the deal to close before the rapidly approaching Sept. 8 deadline. An emergency shareholder meeting has been scheduled to try and garner enough votes to get some breathing room for the merger to occur. What makes this issue so pressing is that if they don’t get enough votes, Digital World “will be required by law to liquidate and return $300 million to its shareholders, leaving Trump’s company with nothing from the transaction,” according to the media outlet.

The company was a stockholders’ dream, reaching a peak price of $175, but it is trading at only $14 a share today. It would not only be a financial disaster for Digital World if this merger fails, but it would also be the latest controversy to pile on to Donald Trump’s legal woes. The vote is happening on Tuesday, Sept. 5, so it’s either go time for the two companies, or it will be doomsday for the Sept. 8 deadline.

https://twitter.com/SheKnows/status/1698779716130402728

Of course, Trump Media doesn’t to take any responsibility for this situation and has blamed the Securities Exchange Commission (SEC) for their problems. They gave The Washington Post a statement in November 2022 accusing the SEC of “trying to sabotage our merger and harm President Trump for purely political reasons.” If Truth Social does collapse, this might be good news to Elon Musk, who has been dying to get Donald Trump back on X, formerly known as Twitter, on his platform full-time. That day may come sooner than anticipated.

_________________

Non-Partisan Facts: https://usafacts.org

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Subject: Re: Trumps Truth Social -- Mon Oct 16, 2023 10:14 pm

Trumps Truth Social -- - Page 3 HUdWMRM_d

You can read posts without signing up:
https://truthsocial.com/@BidenHQ

On the same day Donald Trump gets gagged by a Judge, Dark Brandon rises again & goes to the next level, announcing that his campaign has just joined Truth Social to offer some truth on the platform. I'm so here for this trolling. This is how you do it. More of this! https://twitter.com/Victorshi2020/status/1713977546298278148

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Non-Partisan Facts: https://usafacts.org

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Regular Member Posts : 72 Join date : 2023-04-26

Meh, I think trolling is subpar over there.

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Rudeness rules the internet and I am it's master.

Subject: Re: Trumps Truth Social -- Tue Oct 17, 2023 8:35 am

Sith Lord of Rudeness wrote:: Meh, I think trolling is subpar over there.

Twitter is still the best for trolling.

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Non-Partisan Facts: https://usafacts.org

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Regular Member Posts : 72 Join date : 2023-04-26

The Wise And Powerful wrote:

Sith Lord of Rudeness wrote:: Meh, I think trolling is subpar over there.

Twitter is still the best for trolling.

A shame that Musk is considering to charge a subscription.

Subject: Re: Trumps Truth Social -- Wed Oct 18, 2023 12:34 pm

Sith Lord of Rudeness wrote:

The Wise And Powerful wrote:

Sith Lord of Rudeness wrote:: Meh, I think trolling is subpar over there.

Twitter is still the best for trolling.

A shame that Musk is considering to charge a subscription.

He has to make ends meet LOL

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Non-Partisan Facts: https://usafacts.org

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