Fears grow Trump's Truth Social is headed for bankruptcy as bills pile up: report

[Scott]

 

According to a report from the Washington Post, prospects that Donald Trump's Truth Social will survive are growing bleak with the company that had planned to take the social media platform public now suggesting that a probable bankruptcy is on the horizon.

 

As the report points out, Truth Social has not been paying for web-hosting fees to the point where attorneys are now involved, traffic is collapsing, the value of stock in the company is plunging and money is running out.

 

With the Post reporting, "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," WaPo's Drew Harwell wrote that the former president's legal problems have added another cloud of Truth Social's future.

 

https://www.salon.com/2022/08/28/truth-social-is-headed-for-bankruptcy_partner/?fbclid=IwAR2VRwLfbkzCM30y66NPKxU3tKVDJ1fQlPnPLTJcwm42EpmYMGPm3KRBrDI

 

https://www.washingtonpost.com/technology/2022/08/27/trump-truth-social-mar-a-lago-fbi/

 

[Chomper Higgot]

No fears growing on my part.

 

Everything Trump touches fails and his bills never get paid.

 

His supporters bought an Orange  and got a Lemon.

 

It was ever thus.

 

[ozimoron]

In a new post on his Truth Social platform, Trump seemingly reacted to Facebook CEO Mark Zuckerberg's revelations that the FBI asked his company to watch out for Russian disinformation being spread on his platform, which led to the company limiting the reach of a New York Post story about the contents of Hunter Biden's laptop in the fall of 2020.

 

"So now it comes out, conclusively, that the FBI BURIED THE HUNTER BIDEN LAPTOP STORY BEFORE THE ELECTION knowing that, if they didn’t, “Trump would have easily won the 2020 Presidential Election.'"

 

In fact, the FBI never instructed Facebook to limit the reach of the story -- rather, the decision to do so was made internally by Facebook on suspicions that it was a Russian disinformation operation intended to sway the election.

 

https://www.rawstory.com/trump-2020-election-loss-2657958662/

 

[2baht]

Awwww jeez! Can we maybe start a fund to help the poor one term loser out? I'm willing to stake him 15 baht.

[Chomper Higgot]

6 minutes ago, 2baht said:

Awwww jeez! Can we maybe start a fund to help the poor one term loser out? I'm willing to stake him 15 baht.

I would give him the steam….

[2baht]

1 hour ago, Scott said:

Donald Trump's Truth Social

How can they put Trump and Truth in the same sentence??? If BS was music, Trump would be a symphony orchestra!

[Berkshire]

1 hour ago, Chomper Higgot said:

No fears growing on my part.

 

Everything Trump touches fails and his bills never get paid.

 

His supporters bought an Orange  and got a Lemon.

 

It was ever thus.

 

I think the actual quote was "Everything Trump Touches Dies."  There's a book about Trump with that very title....

 

[Bluespunk]

4 hours ago, Scott said:

According to a report from the Washington Post, prospects that Donald Trump's Truth Social will survive are growing bleak

Excellent news. 
 

And given how so many of his enterprises fail, hardly surprising. 

Edited August 30, 2022 by Bluespunk

[bendejo]

Paying bills ain't exactly what he's about.  Of course, anyone who had got their news from other than Fox/OAN/Newsmax knows this.

 

 

[2baht]

43 minutes ago, Berkshire said:

"Everything Trump Touches Dies."

How often does he touch himself?

[Eric Loh]

18 minutes ago, bendejo said:

Paying bills ain't exactly what he's about.  Of course, anyone who had got their news from other than Fox/OAN/Newsmax knows this.

 

 

Those 3 right wing networks are not in good shape either. DirectTV will drop OAN and will financially cripple them. Fox has a $1.6b lawsuit with Dominion. Newsmax is falling off the cliff with massive lost of subscribers. More dying from Trump's touch. 

[DezLez]

This thread is supposed to be about the possible demise of Trump's social media company NOT about BIDEN etc.

Any chance of staying on topic!

[Bkk Brian]

Since it’s inception, Truth Social has been an unmitigated disaster. In addition to all the legal and financial problems, they still don’t have working DMs and notifications, engagement sucks, and the vast majority of GOP elected officials aren’t even on there.

 

 

????

Truth Social SPAC Down 9% As Trump Denies Reports Of Financial Trouble

https://www.forbes.com/sites/madelinehalpert/2022/08/29/truth-social-spac-down-9-as-trump-denies-reports-of-financial-trouble/

[Stocky]

3 hours ago, Chomper Higgot said:

I would give him the steam….

I wouldn't even give him that

[Lacessit]

Another Trump bankruptcy, what a surprise.

[OneMoreFarang]

5 hours ago, Scott said:

the value of stock in the company is plunging

Had it ever a value above 0?

[userabcd]

Just the name "Truth Social" drives people to not want to bother with the app or the platform.

[bendejo]

Some props for the man at the helm

 

Trump Media & Technology Group

 

Trump Media & Technology Group (TMTG), also known as T Media Tech LLC, is an American media and technology company founded in January 2021 by former U.S. president Donald Trump. On January 1, 2022, Republican U.S. representative Devin Nunes resigned his House seat to become the organization's CEO. In February 2022, TMTG launched a social network called Truth Social.

 

 

Edited August 30, 2022 by bendejo

[ballpoint]

3 hours ago, Berkshire said:

I think the actual quote was "Everything Trump Touches Dies."  There's a book about Trump with that very title....

 

As opposed to his new claims, that everything he touches becomes declassified.

[ThailandRyan]

6 minutes ago, ballpoint said:

As opposed to his new claims, that everything he touches becomes declassified.

He declassified my posts here on AN so the MAGA crowd could see how he is viewed from afar, of course I made that up....

[ThailandRyan]

1 hour ago, JonnyF said:

This is getting boring.

 

Deranking is the digital equivalent of burying the story. Just face it and stop trying to squirm out of it with semantics.  

You continue to believe anything that the orange man spouts out.  If he told you his hair was coifed by a baboon you would believe him......

[ballpoint]

3 minutes ago, ThailandRyan said:

You continue to believe anything that the orange man spouts out.  If he told you his hair was coifed by a baboon you would believe him......

Well, if he did say that, it would be one of the more credible things he's said.

[ThailandRyan]

18 minutes ago, ballpoint said:

Well, if he did say that, it would be one of the more credible things he's said.

Nice retort, love it......Thank you for starting my afternoon off with a smile and a laugh, something I get when I think of the Orange man and Clyde the orangutang from "Every which way but loose".

 

Edited August 30, 2022 by ThailandRyan

[Rimmer]

Multiple off topic posts and replies about Biden and laptops have been removed topic is about:

 

Fears grow Trump's Truth Social is headed for bankruptcy as bills pile up: report

[MrJ2U]

Hard to grasp people wanting or following this conspiracy/right-wing over the top garbage.

 

Good riddance! 

[placeholder]

1 hour ago, bendejo said:

Some props for the man at the helm

 

Trump Media & Technology Group

 

Trump Media & Technology Group (TMTG), also known as T Media Tech LLC, is an American media and technology company founded in January 2021 by former U.S. president Donald Trump. On January 1, 2022, Republican U.S. representative Devin Nunes resigned his House seat to become the organization's CEO. In February 2022, TMTG launched a social network called Truth Social.

 

 

It's truly bizarre that Truth Social is supposed be dedicated to free speech yet it's headed by a guy who has posted a truly impressive number of failed defamation lawsuits. Because, you know, free speech...

 

Devin Nunes Drops SLAPP Case He Lost Against Guy He Claims Is The Husband Of The Satirical Tweeting Cow Who Mocks Him

Last month, we wrote about how Devin Nunes had lost yet another of his many, many SLAPP suits against various critics online for being mildly critical of the former congressman, who seems to have the thinnest skin imaginable. As you’ll recall, Nunes’ chronic SLAPP infatuation began a little over three years ago with a lawsuit against a satirical online cow who mocked him. While most people don’t realize it, that lawsuit is still going on (other defendants, namely Twitter and Liz Mair have gotten out of it), but technically the suit against the cow lives on, in part because Nunes and his lawyer, Steven Biss, have claimed they’re unable to identify the cow. Satirical Tweeting Cow Who Mocks Him

https://abovethelaw.com/2022/07/devin-nunes-drops-slapp-case-he-lost-against-guy-he-claims-is-the-husband-of-the-satirical-tweeting-cow-who-mocks-him/

 

Edited August 30, 2022 by placeholder

[ThailandRyan]

The Donald has truly lost it.....standby for more theatrics.

 

https://www-businessinsider-com.cdn.ampproject.org/v/s/www.businessinsider.com/donald-trump-seeks-reinstatement-new-election-immediately-further-dividing-party-2022-8?amp=&amp_gsa=1&amp_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From %1%24s&aoh=16618410689616&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.businessinsider.com%2Fdonald-trump-seeks-reinstatement-new-election-immediately-further-dividing-party-2022-8

Edited August 30, 2022 by ThailandRyan

[Berkshire]

19 minutes ago, ThailandRyan said:

The Donald has truly lost it.....standby for more theatrics.

 

https://www-businessinsider-com.cdn.ampproject.org/v/s/www.businessinsider.com/donald-trump-seeks-reinstatement-new-election-immediately-further-dividing-party-2022-8?amp=&amp_gsa=1&amp_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From %1%24s&aoh=16618410689616&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.businessinsider.com%2Fdonald-trump-seeks-reinstatement-new-election-immediately-further-dividing-party-2022-8

As outlandish and nutty as this sounds, some in MAGA world will latch on to this and think of it as a legitimate claim.  I pity these poor souls. 

[candide]

5 hours ago, Bkk Brian said:

Since it’s inception, Truth Social has been an unmitigated disaster. In addition to all the legal and financial problems, they still don’t have working DMs and notifications, engagement sucks, and the vast majority of GOP elected officials aren’t even on there.

 

 

????

Truth Social SPAC Down 9% As Trump Denies Reports Of Financial Trouble

https://www.forbes.com/sites/madelinehalpert/2022/08/29/truth-social-spac-down-9-as-trump-denies-reports-of-financial-trouble/

Trump going bankrupt and lying, as usual. ????

Edited August 30, 2022 by candide

[LaosLover]

We need (means: I need) to stop leaping like a dimwitted carp into Trump's troll net with his every wacky pronouncement. At this point, he's devolved into the world's saddest pub bore.

 

I will no longer click on any internet story that begins Trump Demands.....

 

Where are the Biden-demands stories? Nowhere.

 

Biden may be merely competently dull, but he not delusional; ie. he's not demanding anything, let alone every single day of the year.