https://redstate.com/jeffc/2023/09/04/end-of-the-line-for-truth-social-merger-woes-threaten-trumps-media-platform-n2163414
End of the Line for Truth Social? Merger
Woes Threaten Trump's Media Platform
Red State, by Jeff Charles
Posted By: Dreadnought, 9/4/2023 6:03:11 PM
Truth Social might be in a bit of trouble. And when I say a bit of trouble, I mean the platform could be shutting down altogether if the stars do not align. The company, established in October 2021, is reportedly on the brink of collapse due to its troubles merging with Digital World Acquisition Corp. The platform was meant to become a tech behemoth worth up to $1.7 billion. But with the deal in jeopardy, this might not come to fruition: When former president Donald Trump’s media start-up announced in October 2021 that it planned to merge with a Miami-based company called Digital World Acquisition, the deal was an instant stock-market hit.