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The Guardian - US
The Guardian - US
World
Edward Helmore

Trump’s Truth Social platform faces uncertain future as key test looms

Truth Social Digital World Donald Trump Trump Media Joshua Tucker SPAC DWAC The Washington Post
A laptop keyboard and Donald Trump account on Truth Social displayed on a phone
Donald Trump vowed that Truth Social would stand up to ‘big tech’ but faces the prospect of languishing in financial limbo. Photograph: Jakub Porzycki/NurPhoto/Shutterstock

A complex deal to take Donald Trump’s social-media platform Truth Social public faces a crucial test next week that could determine whether it becomes a multibillion-dollar company that the former US president once vowed would stand up to “big tech” or instead languish in financial limbo.

Under the terms of the deal, announced in October 2021, Trump’s Trump Media & Technology Group was destined to merge with Digital World Acquisition Corp, a special-purpose acquisition company, or Spac.

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