Trump media deal suffers blow as SPAC fails to win extension
Source: Reuters
Sept 6 (Reuters) - The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company failed on Tuesday to secure enough shareholder support for a one-year extension to complete the deal.
Read more: https://www.reuters.com/markets/deals/trump-media-deal-suffers-blow-spac-fails-win-extension-2022-09-06/
Looks like it might be over for Truth Social
PortTack
(32,754 posts)dchill
(38,468 posts)"You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party's over
It's all over, my friend..."
Blue Owl
(50,347 posts)kimbutgar
(21,124 posts)Love the candle
zuul
(14,624 posts)erronis
(15,228 posts)There's a penniless beggar just trying to stay alive. Can't you throw something at yet another trump money-pit? Maybe if he threw in a 10 minute session with Ivanka (or a 100 minute with
quakerboy
(13,919 posts)Thats Putins prerogative, and Trump wouldn't dare cross him.
sakabatou
(42,146 posts)iluvtennis
(19,844 posts)Ford_Prefect
(7,878 posts)Warpy
(111,240 posts)and he's never done that for any of his other business ventuees, he's just let them go under with investors holding the (empty) bag.
Mr.Bill
(24,276 posts)he doesn't have any money. At least none that isn't spoken for.
Warpy
(111,240 posts)is still largely intact, although it won't be if the Feds insist on a few big bills getting paid.
The main talent that big slob has always had was to talk men who should have known a lot better into funding his harebrained business plans.
littlemissmartypants
(22,631 posts)oldsoftie
(12,529 posts)ancianita
(36,018 posts)OMGWTF
(3,950 posts)Why does he need other peoples' money then? Because it's all a fking LIE and his house of cards is starting to crumble.
BradAllison
(1,879 posts)That's shitbag's answer to everything. Just find one of his corrupt judges to give him the handjob.
StrkSrviver
(85 posts)The Party's over"
Don Meredith.
Calista241
(5,586 posts)for the investor. SPAC's have also been his crazy hard by the stock market downturn.
SergeStorms
(19,192 posts)that he'll take the company public by himself. Yeah, sure.
I can't remember where I read that this morning. My brain and eyes don't start working in unison until somewhere between the second and third cup of coffee.
Since he's never put his money on the line for any of his other losing ventures I doubt he will this time, either.
Bankruptcy #7 coming right up. How will he communicate with his cult after this? Silly me, the mainstream media will carry his water for him, as always.
oldsoftie
(12,529 posts)CaptainTruth
(6,585 posts)pandr32
(11,578 posts)What makes me so frustrated is that as a business man TFG was and still is a complete failure. He doesn't know how to do anything aside from ruin things. Yet, many said because he was a businessman he would be a good POTUS...sure thing!
LudwigPastorius
(9,131 posts)That's got to be a first!
https://labor411.org/411-blog/here-are-all-of-trump-s-bankruptcies-and-failed-businesses/