So someone Hoo goes bankrupt running casinos, doesn’t do well

running a social media site. The reader will not be surprised.

Trump's Truth Social records $73 million net loss since launch, new filing shows

(NC’s) social media platform Truth Social has lost $73 million in less than two years, according to an SEC filing on Monday.

Why it matters: The filing from Digital World Acquisition Corp., a special purpose acquisition company, indicates more trouble with its planned merger with Truth Social owner Trump Media & Technology Group — including a "request and subpoena" from the SEC for documents related to its investigation into the proposed SPAC deal.

DWAC said the SEC sought information "regarding, among other things, meetings of Digital World's Board; communications with and the evaluation of potential targets," including TMTG.

"TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World," the filing states.

Courtesy Axios.

Posted: 11/14/2023 at 4:21PM

So someone Hoo goes bankrupt running casinos, doesn’t do well -- Lazarus 11/14/2023 4:21PM

A casino is a license to print money. How do you F that up? ** -- 81_Hokie 11/14/2023 5:30PM

In fairness lots of casinos have gone out of business -- BocaHoo91 11/14/2023 5:38PM

I went there once 10-15 yrs ago and it was a dump. And that was when -- TomGlansAski 11/14/2023 6:26PM

I had to go there as that's where NJ School boards held their yearly -- NJHoo 11/14/2023 9:14PM

WTTD! At least he's turning that unique malignancy toward -- Shenhoo 11/14/2023 4:24PM

That makes him smart, or so he says ** -- WahooMatt05 11/14/2023 4:22PM

So someone Hoo goes bankrupt running casinos, doesn’t do well

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