Truth Social
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@taiwan_girl said in Truth Social:
Before Trump Media and Technology Group joined forces with a shell company to go public last week, "management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due," the company said in a regulatory filing.
So ... another Trump bankruptcy approaching?
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I wonder how many of his less financially sophisticated followers blew their life-savings on those shares.
(And before I'm accused of being a condescending asshole I should admit that I consider myself financially unsophisticated when it comes to trading. Without a time-machine I'm never going to make any money)
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Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.
In papers filed last week in Florida state court, Trump Media & Technology Group Corp. argued that executives Wes Moss and Andy Litinsky made a series of costly mistakes that resulted in a long delay in the company’s going public and urged a judge to strip them of their shares in the company.
The pair, who were contestants on Trump's NBC show "The Apprentice," had pitched him on the idea of Truth Social after he was banned from what was then known as Twitter following the Jan. 6, 2021, attack on the Capitol.