“When will they ever learn, when will they ever learn?” — Pete Seeger
The more things change, the more they are the same. One thing that never changes is that if you do business with Donald Trump, you’re going to get stiffed. This scoop is from Fox Business, of all people. If anybody knows which closets have what skeletons, it would likely be Fox.
Maybe Trump knew this story was coming out and that’s why he melted down for about seven hours straight on Truth Social yesterday. This morning, nada, except yet another reposting of “Nation In Decline” his favorite campaign ad, apparently.
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.
Isn’t that interesting? Truth Social made three payments and then stopped, and its “finances are in significant disarray.” This cannot be said to be unusual, considering that the company was a shell company buying a shell company to begin with. Then there’s the problem of the merger of Truth Social with Digital World Acquisition Corp., which has been put off indefinitely due to pesky problems like a grand jury probe by the Department of Justice and another one by the Securities and Exchange Commission.
I have no insights into the world of high finance but if I had to hazard a guess, I would say that RightForge is going to eat their loss, like everybody else whose path has crossed Donald Trump’s, including the hundreds of thousands of Americans who unnecessarily died from COVID-19 in 2020, while sonny-in-law Jared Kushner was out there publicly touting what a great success Trump’s response had been.
I think Rick Wilson’s axiom needs to be updated, from Everything Trump Touches Dies, to anybody stupid enough to go into business with Trump deserves whatever they get.