"Former President Donald Trump’s social media outfit, Truth Social, is
locked in a bitter battle with one of its vendors claiming that the
platform is stiffing the company out of more than $1 million in
contractually obligated payments, FOX Business has learned.

If the allegations are true, they would suggest that Truth Social’s
finances are in significant disarray, people with direct knowledge of
the matter say. Internet infrastructure company RightForge is said to be
among Truth Social’s largest vendors and creditors, these people say.

In October, RightForge announced it entered into an agreement to host
Truth Social, which Trump helped create after he was banned by Twitter following the Jan. 6 riots. RightForge now contends that Truth Social
has reneged on its contractually obligated monthly payments for setting
up the platform’s web-servicing infrastructure, according to three
people with direct knowledge of the matter.

These people say RightForge contends that Truth Social has made just
three payments and ceased making any payments since around March.
RightForge claims that Truth Social owes it around $1.6 million and is threatening legal action to recoup the money, these people add."

https://www.foxbusiness.com/features/trump-social-media-app-facing-financial-fallout

"Trump's Truth Social platform had its trademark application rejected
because its name wasn't unique enough"

"This is not the first setback Trump's social media platform has faced.
In June, the company buying Truth Social warned that the deal might fall through because of a slew of grand jury subpoenas it received. The
planned merger of Digital World Acquisition Corp, a special purpose
acquisition company, and Truth Social is also under investigation by the Securities and Exchange Commission."

https://news.yahoo.com/trumps-truth-social-platform-had-034108138.html

TB

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