Trump media deal suffers blow as SPAC fails to win extension

[Jack the Greater]

Source: Reuters

Sept 6 (Reuters) - The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company failed on Tuesday to secure enough shareholder support for a one-year extension to complete the deal.

Read more: https://www.reuters.com/markets/deals/trump-media-deal-suffers-blow-spac-fails-win-extension-2022-09-06/

---

Looks like it might be over for Truth Social

[PortTack]

1. Oh...just so sad here!!

[dchill]

2. "The candles flicker and dim."

"You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party's over
It's all over, my friend..."

[Blue Owl]

3. Oh Donny Boy, the lights, the lights are fading...

[kimbutgar]

22. Love this candle pic!

[yankee87]

26. Love it

Love the candle

[zuul]

4. Womp womp

[erronis]

5. Come on, Thiel, Koch, Mercer, Murdoch! Can't you spare a few loose coins?

There's a penniless beggar just trying to stay alive. Can't you throw something at yet another trump money-pit? Maybe if he threw in a 10 minute session with Ivanka (or a 100 minute with

[quakerboy]

18. I think we all know he cant do that

Thats Putins prerogative, and Trump wouldn't dare cross him.

[sakabatou]

6. And yet, TFG will try to rip off those who he owes.

[iluvtennis]

7. Good - and tfg can't blame Biden for this.

[Ford_Prefect]

8. CNN is ready to take up the slack.

[Warpy]

9. It will be unless he pries some of his own money loose

and he's never done that for any of his other business ventuees, he's just let them go under with investors holding the (empty) bag.

[Mr.Bill]

15. That's because

he doesn't have any money. At least none that isn't spoken for.

[Warpy]

23. Dunno, I think he's had things set up so what he inherited

is still largely intact, although it won't be if the Feds insist on a few big bills getting paid.

The main talent that big slob has always had was to talk men who should have known a lot better into funding his harebrained business plans.

[littlemissmartypants]

10. You can follow along and watch the fun here...

https://stocktwits.com/symbol/DWAC

❤️

[oldsoftie]

19. Still 3x what it oughta be

[ancianita]

11. Because tfg's extremism brand isn't good for Wall St. Nothing personal, dude, just business.

[OMGWTF]

12. Butt, butt, didn't Traitor Tot just tell us again, how very, very rich he is?

Why does he need other peoples' money then? Because it's all a fking LIE and his house of cards is starting to crumble.

[BradAllison]

13. SUE!!! SUE!!! SUE!!!

That's shitbag's answer to everything. Just find one of his corrupt judges to give him the handjob.

[StrkSrviver]

14. "Turn out the lights

The Party's over"

Don Meredith.

[Calista241]

16. It's a SPAC. IMO, SPAC's are a terrible way to invest money and expect a return

for the investor. SPAC's have also been his crazy hard by the stock market downturn.

[SergeStorms]

17. He said he's so wealthy....

that he'll take the company public by himself. Yeah, sure.

I can't remember where I read that this morning. My brain and eyes don't start working in unison until somewhere between the second and third cup of coffee.

Since he's never put his money on the line for any of his other losing ventures I doubt he will this time, either.

Bankruptcy #7 coming right up. How will he communicate with his cult after this? Silly me, the mainstream media will carry his water for him, as always.

[oldsoftie]

20. Oh, remember, it wont be HIS bankruptcy.

[CaptainTruth]

21. Tots & Pears

[pandr32]

24. Let them all cry boo-hoo.

What makes me so frustrated is that as a business man TFG was and still is a complete failure. He doesn't know how to do anything aside from ruin things. Yet, many said because he was a businessman he would be a good POTUS...sure thing!

[LudwigPastorius]

25. A Trump business going into the shitter?

That's got to be a first!

https://labor411.org/411-blog/here-are-all-of-trump-s-bankruptcies-and-failed-businesses/