Because social networks had forbidden the former US president to speak and blocked his accounts, Donald Trump unceremoniously launched his own network with Truth Social Media last year. Now Trump has reportedly resigned from his board position at the corresponding parent company, Trump Media & Technology Group (TMTG).
Trump resigns from TMTG board
Might we have to do without social media postings by former U.S. President Donald Trump altogether in the future? It sure looks like it. That’s because, as the website Gizmodo reports, Trump has resigned his board position at Trump Media & Technology Group (TMTG). TMTG operates as the parent company for the Truth Social Media social network.
According to a report, Trump and five other members of TMTG’s board of directors have vacated their seats, including Trump’s son Donald Trump Jr. The platform itself, of course, unsurprisingly, once again dismisses the report as “fake news.”
But the timing of the resignation is no coincidence. Because already in a few weeks Trump and the board would have had to answer before the Securities and Exchange Commission and a grand jury in Manhattan.
Or not after all? TMTG denies resignation
Truth Social, the social media division of TMTG, followed up with a statement just days after the reports, denying that Trump and other board members had resigned. Strangely, however, they simultaneously adjusted the board website, which currently remains completely white and no longer names a single chairman.
TMTG, of course, dismissed a corresponding report from the Herald Tribune as what? That’s right, as Fake News. “Contrary to an ‘exclusive’ Fake News story filed by a reporter unable to interpret business financial statements, Donald Trump is still a board member of Trump Media and Technology Group,” the post on Truth Social reads.
However, they still did not provide a clarification of the situation, even when asked by Gizmodo. Crucial for Trump’s resignation could be the merger with the shell company Digital World Acquisition Company (DWAC), suspects Gizmodo.
In the background of a possible IPO, this attracts the interest of the responsible Securities and Exchange Commission to shed light on the business relationship between TMTG and DWAC. And this is exactly what Trump now apparently wants to escape by wriggling out of it. So it’s not getting boring around Donald Trump and his companies.