Trump’s Truth Social facing a key funding deadline

  • Leader
    September 3, 2023 1:46 PM PDT
    Well, it's bad enough for Trump right now with seven indictments, now Truth Social may be in peril.

    https://www.msn.com/en-us/money/other/trump-s-truth-social-facing-a-key-funding-deadline/ar-AA1g8rwQ


    With the $300 million Digital World had already raised from investors, Trump Media & Technology Group, creator of the pro-Trump social network Truth Social, pledged then that the merger would create a tech titan worth $875 million at the start and, depending on the stock’s performance, up to $1.7 billion later.


    .....and why the delay ....


    Now, almost two years later, the deal faces what could be a catastrophic threat. With the merger stalled for months, Digital World is fast approaching a Sept. 8 deadline for the merger to close and has scheduled a shareholder meeting for Tuesday in hopes of getting enough votes to extend the deadline another year.