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Why Trump’s digital media company is different from other money-losing startups

Former president Donald Trump's digital media company is losing money, and lots of it. But why is that any different from other "startups," which often

First, as a recap: Trump Media and Technology Group recently merged with Digital World Acquisition Company in a SPAC, the ill-starred financial instrument that, more often than not, represents a last-ditch option for a substantial cash infusion. Those inclined to be charitable to a tech startup challenging entrenched rivals — regardless of its “mission” or leadership — may reasonably observe that this imbalance is common among early-stage companies with big ambitions. Though Trump is the largest TMTG shareholder at 60%, the other 40% are watching closely for any breach of this duty — such as a fire sale on shares, or a loan that drastically undervalues the company.

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