Trump’s Truth Social May Be Headed For Bankruptcy

Politico Magazine reports:

The slow-cooking financial disaster that has been simmering in Donald Trump’s business Crock-Pot is now coming to a boil. Truth Social — the Twitter knock-off the former president launched six months ago in reaction to Twitter, Facebook, and YouTube’s decision to deplatform him — might reduce itself to the smoke and char of bankruptcy, according to recent business press reports.

The swill the site serves attracts only a fraction of what Twitter does. Google has yet to approve downloads of its app from the Play Store over moderation issues, blocking it from 40 percent of the smartphone market. It lost $6.5 million in the first year and seems unable to pay its bills. But worst of all, the merger plan that would give it a stock market listing and the $1.3 billion it hoped to raise has stalled.

Read the full article. Trump is reportedly sitting on over $100 million he’s conned out of the cultists. Don’t be surprised if he tries to find an illegal way to float some of that money over to Truth Social.

“Steaks, his university, water, an airline, casinos, the USFL, a mortgage company, vodka — the list reads like a guide on how not to succeed in business. Associating Trump with a new venture has become a business death wish.” @jackshafer https://t.co/VzsADUaW7J via @politico

— John Schwartz (@jswatz) September 10, 2022

“Everything we’re learning about Trump’s inability to convene a large-scale audience on Truth Social we learned in miniature from the failure of his mid-2021 blog, which he killed after 29 days.”

What Truth Social’s flop says about Trump – https://t.co/PnAtu7lgTu Via @politico

— Sheila Scarborough (@SheilaS) September 10, 2022

Trump says even if the deal falls apart to take Truth Social public, he doesn’t need financing because, “I’m really rich!” pic.twitter.com/KW1sO0Nq2P

— Ron Filipkowski ?? (@RonFilipkowski) September 3, 2022