Trump shuts down blog after it fails like he did in the election
- Thread starter TEN
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The Last page looks like shit.
Right on cue, here comes the 
BREAKING: Washington Post drops bombshell on Donald Trump, reveals that Truth Social now faces a “catastrophic threat” of having to pay its investors back a whopping $300 million if its merger collapses before the September 8th deadline. But it gets even WORSE for Trump… If the deal fails, which industry experts say is “very likely,” Donald Trump will end up with “nothing” in financial gain — a well deserved ending for a grifter and conman. According to the Washington Post, there is a September 8 deadline for the merger to close or be extended and, should it fail, Truth Social will be forced by law to return $300 million to investors.
The Washington Post says that, “With the $300 million Digital World had already raised from investors, Trump Media & Technology Group, creator of the pro-Trump social network Truth Social, pledged then that the merger would create a tech titan worth $875 million at the start and, depending on the stock’s performance, up to $1.7 billion later. Now, almost two years later, the deal faces what could be a catastrophic threat."
The Washington Post report continues, revealing 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. The Washington Post report concludes, “Digital World needs 65 percent of the shares held by its nearly 400,000 investorsto vote 'yes' on the deadline extension; unvoted shares are counted as 'no' votes. If the extension fails, Digital World said in a filing in July that it would 'cease all operations except for the purpose of winding up' and repay investors at a price of about $10.24 per share — far below what many shareholders paid.
Trump, who would retain his 90 percent ownership of Trump Media if the deal falls apart, has yet to make mention of the shareholder vote on his own Truth Social account. Truth Social has attracted a relatively meager following. Though Trump Media projected in a 2021 investor presentation that the site would have 41 million total users by the end of this year, usage estimates suggest that it is a long way from reaching that goal." That’s right. Truth Social is about to join a log list of Trump business failings — and, once again, Trump fooled his gullible supporters into wasting their hard-earned money on yet another one of his disastrous new business ventures.
Trump media company valuation today -
$1.8 Billion (common stock only)
ROI for investors since IPO (if they are still holding) - 385%
ROI for investors in warrants since IPO (if they are still holding) - 2,975%
at how bad this thread turned out for the pro-whites. This was on the level of a @Dr. Truth / @BrownTurd prediction thread.
MyPillow Goes Dark: Mike Lindell Pauses TV Ads Amid Financial Struggles
The election conspiracist, who recently said he has “no money,” vowed that MyPillow commercials will return to television next week.
www.thedailybeast.com
Mike Lindell begs for donations after running out of money
The money will go toward the Lindell Offense Fund, which aims to "secure our elections."
www.newsweek.com
MyPillow CEO Mike Lindell says he's out of money, can't pay lawyers in defamation case
Attorneys representing Mike Lindell filed papers to quit his case due to no payment to firm from Lindell or MyPillow.
www.usatoday.com
trump's media group reports it doesn't have
enough money to continue
@xfactor
I love this so much!!!
Trump"s ego is too huge to
do the right thing and just
take the L and shut it down.
He is just going to continue
trolling and fucking the
shareholders in the ass, just
like he does everyone he
does business with lol!!
