Investor Pulls Out Of Trump’s Social Media Company

The Huffington Post reports:

Donald Trump’s proposed social media company came as news to some of its investors ― and at least one pulled out when he learned his money was now tied to the former president.

“Many investors are grappling with hard questions about how to incorporate their values into their work,” hedge fund manager Boaz Weinstein told The New York Times in a statement. “For us, this was not a close call.”

One unnamed investor who held 10% of the company told the Financial Times he sold everything as soon as he could. “The idea that I would help [Trump] build out a fake news business called Truth makes me want to throw up,” he said. It’s not clear if that investor was Weinstein.

Read the full article.

Trump’s new social media company shot up in value, but at least one investor says it’s not about the money. https://t.co/ZFonGhtxNT

— HuffPost (@HuffPost) October 22, 2021