Comment Guess The Deal Fell Through (Score 1) 198
As has been widely reported, Truth Social has been struggling on every vector. Their subscriber numbers are a mere shadow of predictions. Though based on the Open Source Mastodon platform, they're having massive technical issues. They reportedly owe their hosting provider over $1 million. And, as of this writing, they still haven't closed the SPAC merger.
So Nunes -- who's about as effective a CEO as he was a congressman -- has himself a problem. He also knows that, if Twitter lets The Former Guy back on to its network, Truth Social loses its only draw. So he quietly started a dialog with counterparts at Twitter to see if they could work out a deal whereby, in exchange for a fee, Twitter would keep the ocher abomination off of Twitter. He rationalized it as a marketing expense -- it would allow Benedict Donald to continue slagging on Twitter, which can be used to draw in new subscribers. Unfortunately, Twitter wanted far more than Truth Social was willing to pay.
This news item could just be a negotiating tactic to bring Nunes back to the table, but it's looking like the deal won't happen. Can't recall where I read all this, though...
...Or, just possibly, I made the whole thing up.