Truth Social Hits Turbulance With Departure of Two Key Executives

Josh Adams and Billy Boozer - Truth Soical’s chiefs of technology and product development have departed the company as reported by Reuters. 

The exit of two executives critical to the app-launch efforts could imperil the company’s progress as it tries to prove it can compete with mainstream platforms such as Twitter, said two people familiar with the company. 

Reuters could not determine the specific circumstances behind the executives’ resignations.

Trump’s level of involvement with his namesake company and the Truth Social platform also remains unclear. The former president so far has written only one post - or “truth” - on the platform, writing on Feb. 14: “Get Ready! Your favorite President will see you soon!”

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company (SPAC) that has said it plans to take Trump’s company public, dropped more than 10 percent at the market open.

DWAC is being investigated by the Securities and Exchange Commission for reportedly holding talks with Trump before it went public last year.

Truth Social has missed its self-imposed March 31 deadline to be “fully operational”