Fox Business: Trump's social media app facing financial fallout

[demmiblue]

Truth Social’s finances may be in significant disarray, sources say

Former President Donald Trump’s social media outfit, Truth Social, is locked in a bitter battle with one of its vendors claiming that the platform is stiffing the company out of more than $1 million in contractually obligated payments, FOX Business has learned.

If the allegations are true, they would suggest that Truth Social’s finances are in significant disarray, people with direct knowledge of the matter say. Internet infrastructure company RightForge is said to be among Truth Social’s largest vendors and creditors, these people say.

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.

https://www.foxbusiness.com/features/trump-social-media-app-facing-financial-fallout

Link to tweet

[Demovictory9]

1. where do I donate

[Mike Nelson]

2. Well...

... maybe Elon Musk can help?

[ProudMNDemocrat]

3. Flip the switch and shut it down.

NO PAY, NO PLAY.

Simple as that.