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08-27-2022, 11:05 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Truth Social
Former president Donald Trump’s Truth Social website is facing financial challenges as its traffic remains puny and the company that is scheduled to acquire it expresses fear that his legal troubles could lead to a decline in his popularity.
Six months after its high-profile launch, the site — a clone of Twitter, which banned Trump after Jan. 6, 2021 — still has no guaranteed source of revenue and a questionable path to growth, according to Securities and Exchange Commission filings from Digital World Acquisition, the company planning to take Trump’s start-up, the Trump Media & Technology Group, public...
The company also has struggled with some basics of corporate operation. The U.S. Patent and Trademark Office this month denied its application to trademark “Truth Social,” citing the “likelihood of confusion” to other similarly named companies, including an app, “VERO — True Social,” first released in 2015.
https://www.washingtonpost.com/techn...ar-a-lago-fbi/
So, Trump's Truth Social looks to be about as successful as Trump steaks, Trump water, Trump Airlines, Trump University, Trump (charitable) Foundation, Trump casinos ..... LOL.
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As long as the roots are not severed, all will be well in the garden.
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08-27-2022, 11:12 AM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,070
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Isn't that chump change for an actual billionaire (that isn't an overvalued chump)?
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I'll believe corporations are people when Texas executes one.
Last edited by Pio1980; 10-15-2022 at 05:57 PM.
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08-27-2022, 11:20 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Quote:
Originally Posted by Pio1980
Isn't that chump change for an actual billionaire (that isn't a an overvalued chump)?
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Beyond the insult to his ego, if (when?) Trump Social goes belly-up he'll no longer have an outlet for his incessant whining and lies. Sad.
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As long as the roots are not severed, all will be well in the garden.
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08-27-2022, 11:28 AM
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Senior Member
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Join Date: Mar 2020
Posts: 6,123
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Quote:
Originally Posted by finnbow
Beyond the insult to his ego, if (when?) Trump Social goes belly-up he'll no longer have an outlet for his incessant whining and lies. Sad.
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It seems like that alone would have prompted him to cough up. I guess he's saving up for his running money.
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Joe whupped him before and he'll do it once more.
BIDEN/HARRIS IN 2024
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08-27-2022, 11:44 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Devin Nunes is going to need to look for a new job, it appears.
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As long as the roots are not severed, all will be well in the garden.
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08-27-2022, 01:58 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Everything the Ochre Orc touches shrivels and dies in bankruptcy - https://www.rawstory.com/trump-truth-social-2657953237/
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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08-27-2022, 06:19 PM
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Senior Member
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Join Date: Mar 2020
Posts: 6,123
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Quote:
Originally Posted by finnbow
Devin Nunes is going to need to look for a new job, it appears.
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__________________
Joe whupped him before and he'll do it once more.
BIDEN/HARRIS IN 2024
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09-02-2023, 07:40 AM
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Banned
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Join Date: Nov 2013
Posts: 8,310
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Quote:
Originally Posted by Pio1980
Isn't that chump change for an actual billionaire (that isn't an overvalued chump)?
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If he's really a billionaire, why is he sniveling about his reported $70 million in legal fees, and begging for more donations to his super pac? The number thrown around these days is $3 bn. I doubt it...he doesn't even own that much property anymore. Most of the buildings we see with his name on them...the name is only there because the actual owners pay him a fee to have his name there.
In the NY civil fraud case, it appears that there were wild swings of net worth in the financial statements Trump provided to banks and insurance companies from year to year. Between $900 million, and $2.2 billion in differences depending on who he was attempting to shaft.
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09-03-2023, 11:59 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Quote:
Originally Posted by Ike Bana
If he's really a billionaire, why is he sniveling about his reported $70 million in legal fees, and begging for more donations to his super pac? The number thrown around these days is $3 bn. I doubt it...he doesn't even own that much property anymore. Most of the buildings we see with his name on them...the name is only there because the actual owners pay him a fee to have his name there.
In the NY civil fraud case, it appears that there were wild swings of net worth in the financial statements Trump provided to banks and insurance companies from year to year. Between $900 million, and $2.2 billion in differences depending on who he was attempting to shaft.
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__________________
As long as the roots are not severed, all will be well in the garden.
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08-27-2022, 07:18 PM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,213
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I read about this yesterday. Even the trade mark office didn't like the term Truth Social. (kidding)
Trump's Truth Social has trademark application denied as setbacks pile up
Quote:
The big picture: Truth Social and the SPAC looking to take its parent company public have faced enormous legal and technical challenges ever since the app was announced last October.
Last week, Digital World Acquisition Group (DWAC), the blank check company that plans to merge with the parent company Truth Social to take it public, looked to delay its earnings report
The week before it asked shareholders to approve an extension of its merger agreement by a year.
The Truth Social app missed its launch deadline, putting thousands of users on a waitlist for weeks.
The SPAC is under investigation by the SEC for possibly negotiating their deal prior to DWAC going public, which is illegal if true.
An investor sued the SPAC's CEO last year claiming fraud.
There's been confusion regarding whether or not certain members of the board are still on the board.
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https://www.axios.com/2022/08/25/tru...ademark-denied
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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