The future of Donald Trump’s Truth Social platform has been thrown into financial purgatory as a company created to help take the ex-president’s social media site public battles with financial regulators and is cited for deceiving investors.
Mr Trump first announced plans to transform his Truth Social enterprise into a publicly-traded company in late 2021. But the effort has stalled time and time again, thanks to near-constant issues including the firing of its former CEO and the arrest of a board member on insider trading allegations.
