Former Republican President Donald Trump may have hoodwinked his followers into believing in his claims about his legendary business acumen.
But the business community itself isn’t buying it–including the soon-to-be parent company of his social media platform Truth Social.
Digital World Acquisition Corp, the so-called “blank-check” firm merging with Trump Media and Technology Group, warned investors of Trump’s laundry list of bankruptcies and business failures in a recent regulatory filing.
And it didn’t stop there–the filing also warned that since Trump will be the CEO of the new company, it may well fail too.
Oops
The filing practically reads like a greatest-hits list of Trump’s business failures, including casino and hotel properties Trump Taj Mahal, Trump Plaza, and Trump Castle, as well as Trump University, Trump Vodka, and Trump Steaks.
And given Trump’s forthcoming role as chairman and ownership of up to 58% of the new company if the merger is approved, Digital World was forced to protect itself from legal repercussions should his failure catch to Trump Media as well.
The filing reads:
“A number of companies that were associated with President Trump have filed for bankruptcy.”
“There can be no assurances that TMTG will not also become bankrupt.”
