Paperwork Suggests Donald Trump Has Left The Board Of His ‘Tech’ Company; But Truth Social Says He’s Still There

from the the-art-of-the-deal? dept

It’s no secret that Donald Trump’s Trump Media and Technology Group — which was launched with big plans, but so far only has a total flop of a barely used social media app, Truth Social, to show for it — was struggling. But then came the news that the ponzi-scheme-esque reverse merger deal was actually leading to serious legal investigations, and it appears that Trump and some of his friends may have decided it was perhaps better to take a more “hands off” approach.

So, while Donald Trump himself had been on the board of TMTG, the Sarasota Herald-Tribune notes that Trump himself and a bunch of his entourage all left the board last month, just before subpoenas were delivered. Convenient, with the emphasis on that first syllable.

A total of six board members left. Other than Trump himself, Donald Trump Jr. and Kash Patel (a former Nunes staffer with close ties to Trump) left the board, along with Scott Glabe, Andrew Northwall and Wes Moss. Apparently there are just two board members left: Devin Nunes and Phillip Juhan, who is the company’s CFO. You can see on the filing that all six names are listed as being “removed” from the board:

But, as this story started making news, Truth Social (which is neither social, nor particularly truthful at times) claimed that Trump remains the chair of the board.

That… doesn’t actually clear things up. Perhaps there’s something else going on, or perhaps it’s a semantic change from listing him as just a director to chairperson? But, still, it’s not your usual filing.

Normally when a board member leaves, a replacement is named, or it comes soon after. It’s pretty rare to see so many board members all leave at once. Or, at least to file something saying they’re leaving, even if others deny it.

It makes you wonder if Trump will be shifting to a role like in some of his other businesses where he’s mostly just selling naming rights, but has little oversight over the actual business. Either way, it’s not exactly the kind of thing that provides confidence that those in charge know what they’re doing.

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Companies: tmtg, truth social

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Comments on “Paperwork Suggests Donald Trump Has Left The Board Of His ‘Tech’ Company; But Truth Social Says He’s Still There”

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Anonymous Coward says:

Either way, it’s not exactly the kind of thing that provides confidence that those in charge know what they’re doing.

They hired Devin Nunes, who is suing a fictions cow on Twitter.

Enough said.

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That One Guy (profile) says:

Sir Aurthur's knights would be proud

So, while Donald Trump himself had been on the board of TMTG, the Sarasota Herald-Tribune notes that Trump himself and a bunch of his entourage all left the board last month, just before subpoenas were delivered. Convenient, with the emphasis on that first syllable.

Government: Something shifty seems to be going on here, we’re going to be asking some questions just to clear some stuff up.

Trump and co: Run away!

Even giving everyone involved the benefit of the doubt that the timing is just a pure coincidence Trump and his cohorts distancing themselves from the platform should not exactly inspire confidence. When even the bloody cult leader is saying ‘I’m just going to stand back here, way back here’ that’s probably not a good sign.

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Anonymous Coward says:

Re:

Non-news like this

Trump is removing himself from a position with the company he was very vocal about creating in response to supposed “censoring of conservatives” and to which there have been subpoenas issued in relation to their business practices. There would seem to be some question as to why that is happening and the timing of said departure.

Why is that not newsworthy?

Naughty Autie says:

Re:

Who sets a whole website up and then makes it only accessible from the US?

What makes you think that bothers me? I’m not interested in going on that site, and I can’t imagine many in the UK are, either. We tend not to have a high per capita population of birthers or alt-facters, etc. Our stupidity and hatred tends to be focused on Ukrainian refugees and other issues local to the UK.

That Anonymous Coward (profile) says:

Imagine a world where the media just decided to stop giving a former president and his antics any airtime?

No one really cares about Truth Social, well maybe the SEC.
Its going to implode, but given the track record no charges for anyone involved.

Stop giving him the ability to screech that the media is stupid and out to get him.
The faithful who gave him money for this stupidity will lose their money, no amount of reporting or evidence will change their minds.

Starve the fire that is Trumps ego.
No one really cares what he ‘truths’ after a Jan 6 hearing, its not under oath so its going to be yet another series of lies.

Imagine all the coverage wasted in the last year bothering to ask for trumps side or trumps opinion that we could have used to report more important things… like a reporter found an odd shaped leaf in the parking lot.

dickeyrat says:

Like an abused child or a puppy that’s been beaten to within an inch of its life, Amerika lives to kowtow and crawl up to its abuser, ever the cowardly victim. Of course the orange turd himself has cheerfully taken the role of the abuser, continually beating the suffering waif over the head with his enormous brass ego. So now the entire faction that calls itself “Republican” eagerly and desperately seeks ways to win Daddy’s approval, extending what those of us who are observant see in the behaviour of his two oldest idiot sons (Beavis & Butthead), as they clamor for the love of an individual who is incapable of such a complicated mechanism. What it means is that Amerika will inevitably choose the orange turd as its long-awaited Dictator-for-Life, by tripping over itself to clamor up to his boots in the 2024 Election–which, incidentally, will be the last “Election” this country has to slog through. And we will finally have our own Hafez Assad, our own Kim il-Sung (with the torch being eventually passed to Beavis & Butthead themselves! Can you stand the wait, to be lorded over by a bearded cokehead who is actually the “smarter” of the two?) I just bought a neatly-constructed Globe for my 6 year old Granddaughter; I want to familiarize her with the more civilized parts of the planet, to which she may want to evacuate at some later point in her life. It’s pretty much all I can do, given the level of hell to which we’ve descended.

Arijirija says:

Re:

Trump is a failure as a human being. I got bored with his antics early on – if he could remove himself from the Bored (with Trump) I would be overjoyed.

I would suggest he take an all-expenses-paid holiday at the Guantanamo Bay holiday camp, where he could enjoy all the S&M he can survive, prior to being shipped off to the Bagram Airbase holiday camp, and then maybe to the Syrian branch of it, or perhaps the Egyptian branch … or perhaps get put to work building his wall, dressed in orange so people don’t mistake him as an employee, with people guarding him with machine guns so he doesn’t get mobbed by his fans, and maybe some MC in Mexico City could run tours to see him, complete with “No Alimente a Los Animales” and “No Te Comas a Los Animales” signs with people selling little bags of peanuts for tourists to throw at him in case he gets hungry. I think such a tourist destination would prove to be very popular, and would make billionaires out of peanut growers.

Lostinlodos (profile) says:

Users

Regardless of your personal thoughts about content or moderation; I would hardly call over 2 million users a “flop”.

Cross over the format of content and many YouTube channels make a good income with a few hundred or less subscribers. Producing content for many years.

I’d say any short text messaging platform that lasts over a year is successful.

Anonymous Coward says:

Re:

Cross over the format of content and many YouTube channels make a good income with a few hundred or less subscribers.

Really, comparing the success of users of a platform vs a platform itself? Are you that brain dead?

YouTube is the platform, just like truth social. If you want to compare YouTube vs Truth, check out how many 100s of millions of users are on YouTube vs the scant amount of users on Truth in comparison.

That a YouTube channel can “make a good income” is directly related to how big of a platform YouTube has become.

How much money do you think the first couple of million users made on YouTube? I would venture to guess $0 as that was well before there was the means to monetize your videos on YouTube.

Also think about the infrastructure costs. A YouTube user has $0 in infrastructure cost to host and monetize their videos. Yes they can spend lots of money on their production equipment, but they could also just use the phone that most people already own to make high quality videos without spending any more money.

Truth on the other hand has to pay for all of their development, hosting, CDN, security, etc.

So really, nothing in your comparison of a YouTube user vs the Truth platform could be remotely comparable.

Care to share any other ignorant thoughts on technology that you don’t seem to fully grasp?

Lostinlodos (profile) says:

You really are a git, aren’t you!?!

2 million (actually numbers are closer to 5 million registered, 2 mil active) is far from a flop. Period.

I get it, that you don’t like Truth. I could care less about Truth or your opinion of it. 2 million viewers of a movie is equivalent. Would you call 2 million theatre goers a flop? How about 2 million album sales.
How about 2 million responses to a survey or petition? 2 million customers through a restaurant?

You’re not upset by a bad comparison, you’re upset they have more users than you want them to have.

As far as I’m concerned, good for them. But Truth is just another semi-perma-save text messenger app. And I could not care less about any of them making it or not.
Ultimately, more of these sites will pull users away, and maybe people will eventually realise through saturation just how stupid this whole thing really is.

Lostinlodos (profile) says:

Compared to the 40 bilion theatre goers…

What a small corner of reality you accept as fact!
First, there is absolutely nothing close to 40 billion theatre patrons. Not in the last 10 years. And unless you find some evidence somewhere that documented otherwise…! So called “blockbuster” films are lucky to get a few hundred million. World wide. Out of some 7-8 billion population.
The vast majority of theatre releases are lucky to crack 10 million individual viewers on the high end.

Which says 2 million out of 350 million is doing quite well.

You are never going to convince me that 1.9 million regularly active users on a service of very limited targeted scope is a flop.
Mother Jones has less subscribers. (Not to knock them; they, like the Progressive and The Nation are also successful, sustainable enterprises).

How many people own a leaf or a spark? Consider them flops?
Most print magazines have a few thousand subscribers. Not flops in that class either.

Truth has more users than all three satellite internet providers combined!
Take your self righteous partisan blinders elsewhere.

nasch (profile) says:

Re:

Quora, the question and answer site, has 300 million active users. Wikipedia lists 30 sites with at least 100 million. 2 million is a rounding error. It’s not even 3% of his voters. Considering that is exactly who it was designed to attract, yeah I’d say that makes it a flop.

https://datareportal.com/social-media-users

Mother Jones has less subscribers.

Mother Jones is not a social media network.

How many people own a leaf or a spark?

Are you serious right now? There haven’t been 2 million moon landings either, and that wasn’t a flop! Compare like to like, or it doesn’t mean anything.

Lostinlodos (profile) says:

Re: Re:

It’s not about comparison. It’s about not ignoring successes simply because you don’t like them.

I am a moderator at two sites with under 10,000 users and one with over 1mil.
All are successful.
My mail list, a modern spin off of my old BBS, has nearly a million subscribers. I’m happy and consider it a successful.

Your telling me to compare it to other social media but I simply can’t do that off hand. I don’t like web2.0 and don’t care enough to make the research for comparisons.

Tech dirt has social interaction. How many registered commentators? How many active? How many insiders pay?
Is it successful?
Why must you compare a Site to competition to make a comparison? Can’t success stand on its own?!!!

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