Donald J. Trump has a long record of business failures and bankruptcies. But after getting kicked off Twitter in 2021 he launched Truth Social, a social-media site.
Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground. Oh, and Trump is not required to use the social-media site much — if at all — to communicate with the public, notably if voters were to return him to the White House. You buy the stock at your own peril. That’s not me talking. That’s … er … the new stock-market prospectus for Truth Social. It has just been filed here with the U.S. Securities and Exchange Commission. In case you missed it, yes: Donald Trump is trying to come back to Wall Street. He’s in advanced talks to list Truth Social on the stock market by merging its parent company, Trump Media & Technology Group, with a publicly traded shell company, Digital World Acquisition Corp.
DWAC,
-4.00%.
See: DWAC up over 15% as it moves to buy Trump Media & Technology Group — but here’s a potential snag Trump faces mounting legal woes, as well as having a presi …
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Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground. Oh, and Trump is not required to use the social-media site much — if at all — to communicate with the public, notably if voters were to return him to the White House. You buy the stock at your own peril. That’s not me talking. That’s … er … the new stock-market prospectus for Truth Social. It has just been filed here with the U.S. Securities and Exchange Commission. In case you missed it, yes: Donald Trump is trying to come back to Wall Street. He’s in advanced talks to list Truth Social on the stock market by merging its parent company, Trump Media & Technology Group, with a publicly traded shell company, Digital World Acquisition Corp.
DWAC,
-4.00%.
See: DWAC up over 15% as it moves to buy Trump Media & Technology Group — but here’s a potential snag Trump faces mounting legal woes, as well as having a presi …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]