Posted on Oct 14, 2023
Donald Trump's Truth Social dealt major blow
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A proposed merger with the company that owns Donald Trump's social media app, Truth Social has hit a major snag as the founding partner announced it would be returning hundreds of millions of dollars back to investors.
Digital World Acquisition Corp (DWAC), a special-purpose acquisition company that aims to raise funds to merge with a private company, said it would return $533 million raised for the deal with Trump Media & Technology Group (TMTG) having already received termination notices on $467 million work of commitments.
Digital World Acquisition Corp (DWAC), a special-purpose acquisition company that aims to raise funds to merge with a private company, said it would return $533 million raised for the deal with Trump Media & Technology Group (TMTG) having already received termination notices on $467 million work of commitments.
Donald Trump's Truth Social dealt major blow
Posted from newsweek.com
Donald Trump
Social Media
Investing
Posted 1 y ago
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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