Donald Trump’s Truth Social Cuts Staff as SPAC Languishes

Discussion in 'Current Events' started by Think for myself, Mar 14, 2023.

  1. Think for myself

    Think for myself Well-Known Member Past Donor

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    Trump. World's best businessman.

    Just ask him.

    Trump vodka. Trump ties. Trump steaks. Trump casinos.

    Now, Trump crappy version of Twitter?

    Indeed, as the startup attempts regulatory approval for a merger, it appears it is laying off staff. Hard to believe, because there are like 3 people that use Truth, and 23 of them are named Trump.

    https://finance.yahoo.com/news/donald-trump-truth-social-cuts-234845523.html

    The company behind former President Donald Trump’s Truth Social has trimmed staff while awaiting regulatory approval for a merger that offers a financial lifeline, according to two people with knowledge of the matter.

    Trump Media & Technology Group, Truth Social’s parent company, laid off about half a dozen people, including senior members of its ranks, such as Chief Technology Officer William “BJ” Lawson, according to the people, who asked not to be identified because the information is private. Lawson was the third person to hold the role at the company. Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people.

    Lawson and Trump Media didn’t immediately respond to requests for comment.

    Launched last year, Truth Social has been Trump’s social network of choice since he was banned from Twitter and suspended from Meta Platforms Inc.’s Facebook and Instagram after the Jan. 6, 2021, Capitol insurrection. But Trump Media has grappled with uncertainty as it waits for regulators to approve its merger with Digital World Acquisition Corp., a blank-check firm.
     
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  2. cd8ed

    cd8ed Well-Known Member Past Donor

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    Maybe he should stick to music
    That seems to be going well for him
     
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  3. apexofpurple

    apexofpurple Well-Known Member

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    Following suit with the rest of the tech industry. Times are tough, markets are tanking, banks that should fail are failing. Brandon touts his job creation 'success', /laugh, but lets see hmmm....

    I'm rounding here - Amazon lost 10000 jobs, Microsoft 10000 jobs, Meta 11000, Alphabet 12000, Salesforce 1000, Coinbase 1100, Twilio1500, Cisco 4100, Carvana 1500, Stripe 1000, Shopify 1000, Wayfair 1700, Invitae 1000, Zoom 1300, Redfin 1300, Vacasa 1300, Yahoo 1600, PayPal 2000, Peloton 2800... and about another 92000 tech jobs lost when you add up all the companies that had layoffs under the 1000 mark.
     
    Last edited: Mar 14, 2023
  4. Steve N

    Steve N Well-Known Member Past Donor

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    Yep, Biden & Co are the job killers everyone says they are.

    Here we have Trump, a proven commodity and job creator struggling with the disaster Biden created, and he’s not the only one, Facebook is laying off thousands.

    Trump is an experienced businessman, if he’s struggling then you know it’s bad. Biden, on the other hand, never started a business, doesn’t have employees, never had to meet payroll, and when things got tough for everyone he always had his government salary along with the ten percent cut of the millions his son made off his old man’s influence.

    Biden has no expertise in anything, not in business, not in science, not in the military, not in child rearing, not in the economy, not in foreign policy, he has no expertise in anything at all.

    Just remember this, Biden killed jobs on his first day in office and he hasn’t slowed down one bit, but to hear him tell it, he created the most jobs in history of the world, the world, the world. Not a lie.
     
    Last edited: Mar 14, 2023
  5. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Yup...Biden! Biden! Biden! :roflol:
    [​IMG]
    Anyway, as to the OP Topic:

    Truth Social was ALWAYS Destined to FAIL...
    I am surprised these events didn't happen earlier...


     
  6. Think for myself

    Think for myself Well-Known Member Past Donor

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    I think the only thing Trump has proven is he can make a small fortune out of a large fortune.
     
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  7. truth and justice

    truth and justice Well-Known Member

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    Has Sec created a thread about these job losses yet :wink:
     
  8. balancing act

    balancing act Well-Known Member

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    See what happens when people vote in the Democrats!
    Layoffs!
    It's all the fault of the voters who voted for this train wreck of a government!

    Sorry, had to do it! lol
     
  9. Quantum Nerd

    Quantum Nerd Well-Known Member

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    LOL! Thread win. I was just about to post the same thing. Of course, he hasn't, because it doesn't fit his agenda.
     
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  10. Pants

    Pants Well-Known Member

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    Yep. @truth and justice beat me to it as well! First thing that came to mind!!
     
  11. Pants

    Pants Well-Known Member

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    I'm thinking you should do a little research on Trump's business acumen.
     
  12. sdelsolray

    sdelsolray Well-Known Member

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    This poster is quite confused.
     
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    Who isn't cutting staff?
     
  14. Think for myself

    Think for myself Well-Known Member Past Donor

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    I give up. Who?
     
  15. balancing act

    balancing act Well-Known Member

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    I get the feeling that some of the posters here don't read much, they read one or two things and respond.
    I guess there is no "rule" that says one must read everything, but wouldn't it be nice?
     
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