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For Trump’s social network, financial problems and few followers

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Ansa Live at 8 (ANSA)

(ANSA) – ROME, AUGUST 26 – Other headaches for Donald Trump. There are growing signs that its social platform, Truth, is in financial trouble just six months after launch. Fox Business reported that the platform has blocked payments to its host company, RightForge, and owes $ 1.6 million. Meanwhile, the merger between the ‘Trump Media and Technology Group’ and the Digital World Acquisition Corp (Dwac) – a company created ad hoc only for listing on the stock exchange – has not yet taken place, 10 months after the expected date.

The operation aims to inject fresh funds for the Trump platform. But Dwac has recently published a request for a special shareholders’ meeting for September 6 to approve the one-year postponement of the merger, until September 8, 2023. Without a favorable vote for an extension of the operation, the company said it will be forced to dissolve. According to the latest financial data, DWCA only has $ 3,000 in hand. The audience of Truth is also disappointing, where Trump has only 3.9 million followers, against the 79 million he had on Twitter before being banned for instigating his fans to attack the Capitol. Moreover, after six months of life, Truth is at 30th place in the Apple ranking of social apps downloaded on iPhones. (HANDLE).

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Source: Ansa

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