Truth Social, which is the social network that Donald Trump created after he was tossed off Twitter has been a dumpster fire since the second that it was announced. The latest crisis could spell doom for Truth Social according to The Washington Post.
Here’s the TL:DR:
According to the Washington Post, there is a September 8 deadline for a merger with a Miami-based company called Digital World Acquisition to close or be extended. Should that merger fail, Truth Social will be forced by law to return $300 million to investors. And Donald Trump will end up with “nothing” in financial gain. I wrote about this merger here.
The Washington Post report reveals that Truth Social has been plagued by unceremonious executive departures, credible accusations of insider trading, and even a whopping $18 million settlement over accusations that Truth Social executives lies to investors and the Securities and Exchange Commission. I wrote about some of that here.
Like I said, it’s been a dumpster fire. And it is another illustration of how bad a businessman that Trump is. Because everything he touches dies. And what doesn’t help is the fact that Trump made a re-appearance on Twitter by posting his mug shot and typing the words “Never Surrender”. Which is an odd thing for a guy who has surrendered to authorities four times in the last little while.
I’ll be watching on Friday to see if Truth Social lives or dies. I’m going to go with Truth Social dying. But I am free to surprised.

Truth Social Lives…. For Now
Posted in Commentary with tags Donald Trump on September 11, 2023 by itnerdLast week I posted a story that the Donald Trump owned social network Truth Social may be about to die if it didn’t get the support of the majority of their shareholders to either close or extend a merger with a Miami-based company called Digital World Acquisition.
Well, they got that extension apparently:
Shareholders voted to grant DWAC (DWAC) another year to pull off its merger with Trump Media & Technology Group, which owns Truth Social, according to an SEC document posted Wednesday. The groups now have until September 8, 2024 to combine.
The extension was approved by about 72% of stockholders, according to a regulatory filingWednesday.
Even though this is good news for Truth Social, it doesn’t solve the fact that this social network has been a train wreck next to a dumpster fire since it launched. And even Donald Trump who himself is a frequent poster on Truth Social has posted on Twitter as of late as part of his
griftingattempts to say that his is innocent of all the various criminal charges that he is facing. Thus one has to wonder how much longer Truth Social has to live.1 Comment »