2022-09-29 19:32:26

COLLAPSE: Investors Pull $140 Million from Trump's Truth Social

Donald Trump’s Truth Social platform is rapidly heading towards bankruptcy, confirming that the demand the right claims exists for a conservative “free speech” social media site really isn’t there. The latest nail in the coffin is that investors are pulling $140 million out of Digital World Acquisition, the SPAC linked to Truth Social. The platform has had a difficult time appealing to new users, and it’s largely just become a place for people to check out what the former president is saying. Truth Social has also not lived up to its “free speech” claims, since posts criticizing Trump and the site itself have been taken down. Now, the financial dominos are beginning to fall and the result could be the complete and total collapse of Trump’s social media venture.

 

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