Former President Donald Trump’s social media platform, Truth Social, is reportedly in financial straits according to an unpaid vendor — then again, Trump has a rich history of not paying vendors he’s not satisfied with.
Fox Business senior correspondent Charles Gasparino took to Twitter on Thursday to report: “SCOOP: Trump’s Truth Social facing significant financial difficulties, vendors say. Its web hosting company says it is owed $1.6 million and hasn’t been paid for months.”
Truth Social, which launched in February, is locked in a bitter battle with the web hosting company, which is complaining that it is out of more than $1 million in contractually obligated payments, Fox Business reported.
If the allegations from internet infrastructure company RightForge are true, the business network cited people with direct knowledge of the matter to say that it “would suggest that Truth Social’s finances are in significant disarray.”
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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.
RightForge CEO Martin Avila was not willing to discuss any possible monetary dispute, telling Fox Business that he would not comment “on any private matters.”
“Our founding vision is to make a second internet to support American ideas online. RightForge believes in the mission of President Trump’s free speech platform and wish to continue supporting the president in his media endeavors,” Avila added in a statement.
Truth Social is part of Trump Media and Technology Group, a holding company which ultimately aims to move into streaming and other online services, according to the Daily Mail, which reported that “plans for it to go public by merging with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC, have been postponed indefinitely.”
As for the “scoop”… well, suffice it to say Trump critics weren’t impressed:
“Donald Trump stiffs a vendor” isn’t a scoop. It is literally the farthest thing from a scoop. It is a “Dog Bites Man” story.
Literally everyone familiar with Donald Trump https://t.co/8tT6BmkB2G
— Mike Dunford (@questauthority) August 26, 2022
BREAKING NEWS: guy who literally never pays anybody is not paying somebody else https://t.co/dQCKabCsFr
— Elon Musk Slander Account (@mightygodking) August 26, 2022
— Clara Jeffery (@ClaraJeffery) August 25, 2022
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