Trump's social media company dealt another setback in road to stock market listing

  • 📰 NPR
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Former President Trump's social media company has another potentially big problem on its hands: It's struggling to complete a stock market listing that would allow it to raise more than $1 billion it needs to keep running.

it would be"hard and expensive to build a new platform" that could compete with the likes of Facebook and Twitter.Trump's social media site hits the app store a year after he was banned from Twitter

But almost a year has passed, and the SEC hasn't given the deal its blessing, and neither have DWAC's shareholders. If the deal isn't approved by the deadline, and there isn't another extension, DWAC would unwind, and President Trump's media company would have to find a new way to raise money.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Reading thru the comments and it becomes clear that many of your readers enjoy living in a bubble.

I couldn't wish failure more sincerely than I do now

Yet another bankruptcy?

Pull the plug on this thing already

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines