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VitaMan · 05-18-2022, 09:20 AM

The company buying Donald Trump's social network Truth Social has warned investors about the former president's history of bankruptcies and business failures.

In a regulatory filing Monday, Digital World Acquisition Corp highlighted the bankruptcies of Trump Taj Mahal, Trump Plaza, and Trump Castle, and the failures of Trump University, Trump Vodka, and Trump Steaks, among others.

Digital World, a SPAC or "blank-check" firm, is seeking to merge with Trump Media and Technology Group (TMTG), the owner of Truth Social. Trump himself would control between 47% and 58% of the merged company and would serve as its chairman, Monday's filing shows.

Digital World said in its filing: "A number of companies that were associated with former President Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt."

It continued: "A number of companies that had license agreements with former President Trump have failed. There can be no assurances that TMTG will not also fail."

texassapper · 05-18-2022, 09:27 AM

Hey there,General Patton, back to thrill us all with your extensive knowledge garnered from Wikipedia?

Yssup Rider · 05-18-2022, 09:29 AM

How rude.

lustylad · 05-18-2022, 10:23 AM

Standard CYA language in the risk factor section of an SEC filing (in this case an S-4). Digital World Acquisition's stock price gained 6% on the disclosure.

https://seekingalpha.com/news/383916...tion-statement

VitaMan · 05-18-2022, 10:46 AM

TSR has a problem, it's his problem

bambino · 05-18-2022, 03:37 PM

Quote:

Originally Posted by Yssup Rider

How rude.

You’re very existent is rude. Meanwhile, the Biden market took a 1200pt dump again.

VitaMan · 05-18-2022, 04:00 PM

You mean Trump is investing in the market and lost money ? No connection to the thread topic if not.

That would make it another one of your troll posts.

bambino · 05-18-2022, 04:51 PM

Quote:

Originally Posted by VitaMan

You mean Trump is investing in the market and lost money ? No connection to the thread topic if not.

That would make it another one of your troll posts.

No, I didn’t say that Twinky Winky. I said the market is crashing. But Truth Social is still the #1 app in the Apple Store. And today, it’s available on all devices. But FB and Apple have taken massive losses. Twinky Winky.

Precious_b · 05-18-2022, 08:53 PM

Sounds like a classic have-them-drop-their-price move.
If they were that worried, they wouldn't even be in talks.