Trump’s ‘Truth Social’ Reprieve
An update to a previous post – “End of Trump’s ‘Truth Social’ ? https://bofthebang.co.uk/1507-2/
Truth Social – former President Trump’s social media platform, got a major reprieve on Tuesday, courtesy of shareholders in the blank-check company seeking to take it public.
His Digital World Acquisition Corp. (DWAC) will get another 12 months to complete its troubled merger with Trump Media & Technology Group.
- Had the shareholder vote failed, DWAC would have liquidated and Trump would have needed to find another deep pocket
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- DWAC had launched a major lobbying effort in recent weeks to secure the vote, including sending emails to all Truth Social users (even if they weren’t shareholders).