Trump-linked SPAC changes address to UPS store as investments pulled

CNBC ^ | Jack Stebbins

[semimojo]

Digital World Acquisition Corp., the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS store in Miami.

The change from a Miami office building to a UPS address came with DWAC’s regulatory filing on Friday disclosing its financing losses. The company said it had lost $138.5 million of the $1 billion in financing from private investors in public equity, also known as PIPE, to fund Trump Media after the merger. The contractual obligation for those investors to contribute to former President Donald Trump’s media company after the deal had expired last Tuesday, allowing them to pull their funding...

One of the former private investors told CNBC that it pulled financing from DWAC because of the many legal obstacles facing the company. The investor, who declined to be named due to the sensitive nature of the matter, was also underwhelmed by the popularity of Trump Media’s Truth Social app as measured by Donald Trump’s follower counts.

Trump had more than 80 million followers on Twitter. On Truth Social, which he founded after he was banned from Twitter following the Jan. 6, 2021 Capitol riot, he has 4.1 million.

[FlingWingFlyer]

Every day, the ignorant piggies in the “media” come up with some new allegation about Trump so they have something to piss and moan about all week.

[spacejunkie2001]

these people are SO desperate to find something negative. Losers, all.

First, many are NOT going into the office unfortunately so I can see where they would want mail to go to a ‘manned’ office like UPS.

Second, the biggest pipe investor that dropped out was Sabby Management and they are full blown con artists that destroy companies they jump into. Glad they’re gone.

Third, the SEC WILL be sued for pulling a DOJ/FBI on the American people all for their own political gain.

[max americana]

We did the same thing years before. UPS store. Most small studios in Hollywood operate this way with private mailboxes. Any source with ‘NBC’ is bullsh*t bitching about the smallest Trump issue when it’s obvious he lives in their heads.

[Fido969]

So 13% of the investment dollars pulled out after a year waiting for the launch.

And they are not gone, but sitting on the sidelines looking for a better chance to reinvest. The investors haven’t lost a dime.

This is not as terrible as the MSM is pretending. Disney’s investors lost 50% of their stock value and those investors actually took a bath.

[dila813]

Due to the NY AG and the SEC delays, she damaged this transaction

[McGavin999]

Trump needs to get someone out there selling Truth Social. Getter is on a nonstop sales campaign and is growing every day. I like Truth Social better but there is no one pushing it.

[spacejunkie2001]

I also ‘love’ their BS assertion about Trump’s followers on twit when we KNOW twit is full of fake bots and accounts. Truth Social works extremely hard to make sure there are no bots or fake accounts.

[spacejunkie2001]

she being james? what transaction was damaged? sorry...trying to piece your post together.

[Golden Eagle]

I mainly use Gab.com which was founded by an outspoken conservative Christian, Andrew Torba.

https://gab.com/

You can find more about Torba’s beliefs here:

https://news.gab.com/2021/10/the-fifth-great-awakening/

[conservative98]

A mailbox is harder for the DOJ to raid and start snooping around than an office.

[Pollard]

Twitter works on Android which is the most widely used cell phone OS.

If they can't work things out with google/android, then they just need to make the app available for download and also put it on the alternative sites to google play. People WILL figure out how to install it if it's available. That's what GAB did. There's no good reason for not having done that but there was no good reason for taking months to put out the web app since it's made from Mastadon - https://en.wikipedia.org/wiki/Truth_Social#Software

It's really been a piss poor project from the beginning.

[spacejunkie2001]

you sound like you work for the enemy being so ignorant in your understanding. You DO KNOW that every power structure in this nation hates Trump’s (and our) guts, right???? Why would it be surprising at all to you that google what exercise a complete wicked power play against Truth Social’s app??

Seriously ridiculous that you even state this.

[Pollard]

Release the app to the masses and screw google play. That’s my only point. It’s what gab had to do. If Big Tech is trying to stop you, go around. Don’t sit there and complain.

[Pollard]

https://help.gab.com/article/gab-app-mobile

Why can they do this but Truth Social can’t??

[spacejunkie2001]

they released it on the web app. get on it

[spacejunkie2001]

TS already has that option. further, they are NOT banned on apple, unlike gab so we’re far ahead of them. you shouldn’t be so negative about a conservative site that is only there to protect the future of America.

[Pollard]

I am. Point is, Android is more widely used than both the web AND iPhone.

[spacejunkie2001]

whatever. you work overtime to diss this site for absolutely no reason

[Have Ruck - Will Travel]

You can get the app via the Google Play store or as a side-load from: https://truthsocial.com/sideload. I have it on my Galaxy 9+ and it works just fine.