Stiffed vendors, huge financial losses, and a trademark denial: Truth Social faces an uncertain future amid concerns over Trump’s dwindling popularity and continued controversies

A phone displaying Donald Trump’s Truth Social app in the Apple App Store.
A company seeking to merge with Truth Social cited Trump’s reputation as an “important factor” to its financial success in an SEC filing.
As Trump contends with ongoing legal battles, Digital World said its financial footing “could be adversely affected.” 
Truth Social is accused of stiffing a vendor out of more than $1 million in contractually obligated payments.

The future of the former president’s 10-month-old social media platform, Truth Social, is on uncertain ground as the app faces huge financial losses and is accused of shorting its vendors amid Donald Trump’s continued legal controversies.

A planned merger between the Trump Media & Technology Group (TMTG), the business that created the Truth Social platform, and the special purpose acquisition company (SPAC) Digital World Acquisition Corp, has been postponed indefinitely as the Securities and Exchange Commission investigates the platform’s business…

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This article was written by [email protected] (Katherine Tangalakis-Lippert) and originally published on www.businessinsider.com