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

[Yo_Mama_Been_Loggin]

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According to the new report, an FEC filing reveals that an estimated $139 million in proposed financing has been withdrawn.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

https://www.msn.com/en-us/money/other/investors-pulling-out-millions-and-abandoning-trump-s-truth-social-spac-report/ar-AA12crYQ

Can't imagine why any savvy investor would give Trump their money.

[BootinUp]

1. Nice headline. nt

[bucolic_frolic]

2. They all knew it was Lies Fascism

[SWBTATTReg]

3. Ah, let me get my inhaler, and my oxygen, and take a series of deep breaths, and then afterwards,

I'll laugh and laugh and laugh and laugh and then catch my breath again. And then start laughing again.

What a slap in the face for our so called 'billionaire'! He's struck out w/ his former accounting firm who said that his last 10 years' worth of financial statements were bogus, not to be believed.

His fake tax returns (or better said, his fraudulently filed taxes) are all being released to the state of NY (and probably others too, such as FL, NJ, other places where they are tRUMP properties), so expect a whole wave of state indictments for financial crime(s) committed by tRUMP and family. Can't pardon state crimes (Ha ha heh, let me catch my breath again, okay, here we go, ha hah heh, ha etc.).

That's what we all need today, a good, hearty laugh at this orange moron w/ the fat face.

[Mysterian]

4. Anyone who invests money into anything having to do with Donald Fucking Trump

deserves to lose every penny.