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Business Failures

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"SEC Approval Sends Trump's Truth Social Stock Soaring"

Originally Published 1 year ago — by MarketWatch

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Source: MarketWatch

Donald Trump's Truth Social platform is set to go public through a merger with Digital World Acquisition Corp, but the stock's soaring value is raising concerns due to Trump's history of business failures and bankruptcies. The stock-market prospectus for Truth Social warns investors about the high-risk nature of the venture and highlights Trump's track record of failed businesses. Additionally, the prospectus reveals that Trump is not obligated to use the social-media site much, if at all, to communicate with the public, potentially leaving investors with little control over the company's future.