Is Truth Social another of Trump's bungled businesses?

[Yo_Mama_Been_Loggin]

It takes a brave investor to go into business with Donald Trump.

The former president’s hotels and casinos have declared bankruptcy six times. Trump’s short-lived airline crashed. He paid out millions of dollars to settle multiple lawsuits for running an unlicensed “university” that the conservative National Review called a “massive scam”. And then there is the Trump Organization’s looming criminal trial for tax fraud.

For all that, a business built around Trump’s famed ability to rile up millions of people online must have seemed a good bet to those who poured money into backing the company behind his rival to Twitter, Truth Social.

Now that too 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.

https://www.msn.com/en-us/news/politics/is-truth-social-another-of-trump-s-bungled-businesses/ar-AA11VMX5

Yes it is another bungled business and a brave investor would not go into business with Donald Trump. Only a stupid one would.

[Ocelot II]

1. It does seem that way.

But let's not forget - TFG is the guy who lost money running a casino.

[speak easy]

2. #ETTD - Everything Trump Touches Dies

[Ray Bruns]

3. Another bungled business? The magic eight ball say"yes".

[Hortensis]

4. Yes, but he's working on getting access on Twitter and other social media back,

without those companies' ability to control what he uses them for, and that'd be much better.

[keep_left]

5. Wasn't there a post here the other day showing a deserted office space...

...at Truth Social? Someone pointed out that even the security card reader was removed. Also, Devin Nunes--who is supposed to be running things--is apparently nowhere to be found.

[belpejic]

6. Total Scam

Truth Social is just a promotional tool for the Dotard. Anyone who put money into the SPAC is a fool, and I hope they lose their shirts. Donnie Two Scoops thought he had the opportunity to make eight to nine figures from this, and it didn't work out.

The Slobfather should be paying for the operation of this low rent promotional tool, which I understand to be built on a free, open source platform, out of all the money he keeps grifting from his dumbass supporters. My God, he installed Devin Nunes as CEO. Do you need to know anything else about the legitimacy of this organization? It's amazing that the app and website still function, and if they don't pay their Internet service provider quickly I won't be surprised if the whole thing gets abruptly shut down.

[Blue Owl]

7. If it's a tRump business, it's bungled