Trump faces multiple criminal and civil investigations and his brand is deteriorating as investors bail out Truth Social.
Reuters recently reported:
.Digital World said it has received termination notices from PIPE investors to terminate approximately $139 million of investments out of a previously announced $1 billion commitment.
Digital World did not disclose which investors have withdrawn. Sources told Reuters that Sabi Management, which has committed $100 million to Pipe, is one of the investors who have terminated their services.
More investors are expected to pull out in the coming weeks as Truth Social’s social merger deal has not been completed by the September 20 deadline, so investors are free to go.
Digital World blames the Securities and Exchange Commission’s criminal and civil investigations for disrupting the deal, but the truth is that the deal was faltering from the start. The Trump brand is crumbling, and the deadline was a convenient excuse for investors to save the sinking ship.
If investors thought Trump was a solid investment, they wouldn’t go anywhere but investing in a brand that may soon be synonymous with bankruptcy and convictions for crimes will pay off a good return on the investment.
The Truth Social was part of Trump’s plan to make money off his political situation, but just like anything else in his life, it’s falling apart.
Mr. Easley is Managing Editor. He is also a White House news reporter and congressional correspondent for PoliticusUSA. Jason holds a BA in Political Science. His graduating work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Association of Professional Journalists and the American Political Science Association
from San Jose News Bulletin https://sjnewsbulletin.com/trump-brand-in-the-garbage-as-investors-save-on-truth-social/
No comments:
Post a Comment