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Trump is Bad Business

October 27, 2021

Trump Media & Technology Group has announced that it will create a new social network called Truth Social

Mr. Trump’s partner is Digital World Acquisition, a special purpose acquisition company, or SPAC.

Digital World was incorporated a month after Mr. Trump lost the 2020 election.

The company’s initial public offering with the SEC raised about $283 million. Digital World raised another $11 million by selling shares to investors through a private placement.

Though Trump’s attempt to replace Facebook with his own social media platform has appeal, Trump’s ingrained incompetence and bad management history cast doubt on the Trump Media & Technology Group’s prospects.

Every business Trump started has failed revealing that inheriting $400 million doesn’t guarantee success.

We think we know what the  Trump Media & Technology Group is attempting, but you wouldn’t know that from company’s IPO. Compare that IPO with one of three that I registered with the SEC.

There are also those actions against the Trump Organization by New York State for tax evasion and the many indictments in the works for violation of Federal Law. Add to that the $600 million in debt payments coming due.

I think I’ll pass on this investment opportunity.

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