Trump Shrugs Off Truth Social Money Issues: 'I'm Really Rich'

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Donald Trump connected Saturday dismissed reports of wealth and show problems facing his Truth Social cognition and the institution that’s expected to instrumentality it public.

“I’m truly rich,” helium posted connected Truth Social. “I don’t request financing.”

Yet successful the adjacent condemnation helium asked: “Private company, anyone???” successful what appeared to beryllium an invitation to investors.

He besides insisted that Truth Social, which is reportedly hemorrhaging U.S. views — from some 1.5 cardinal a time to 300,000 — is “doing truly well.” He insisted, it has genuinely go our MAGA voice,” yet is besides a dependable for the “Radical Left Lunatics.”

A large web-hosting relation claims Trump’s Truth Social owes immoderate $1.6 cardinal successful contractually obligated payments, Fox Business reported past month.

RightForge announced past October that it would big Truth Social and run its web system. But present it claims Truth Social made lone 3 monthly payments for the enactment and is threatening ineligible action, according to Fox.

In different setback past month, Truth Social’s application for a trademark was turned down due to the fact that the U.S. Patent and Trademark Office recovered that Trump’s institution sanction was “confusingly similar” to different operations.

Then the Truth Social app was ditched by Google due to the fact that of the operation’s failure to mean its content, which is chock afloat of QAnon conspiracy theories.

At the aforesaid time, stocks of the peculiar intent acquisition institution (SPAC) that’s expected to instrumentality Truth Social nationalist were plunging. That’s due to the fact that it’s seeking a hold of astatine slightest a year for immoderate merger with Truth Social’s owner, Truth Social’s owner, Trump Media & Technology Group (TMTG).

The SPAC — Digital World Acquisition Corp.— hasn’t precisely been crowing astir a sunny aboriginal for Truth Social. It warned successful a filing past period that a dip successful Trump’s popularity could wounded the business.

“The worth of TMTG’s marque whitethorn diminish if the popularity of President Trump were to suffer,” the filing noted.

“Adverse reactions to publicity relating to President Trump, oregon the nonaccomplishment of his services, could adversely impact TMTG’s revenues, results of operations and its quality to support oregon make a user base, arsenic good arsenic the result of the projected Business combination,” it added.

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