A news report that two key staff members left deepened the losses of the company that is planning to buy Donald Trump's new social media business. The company closed down 10% after a report that the chief technology officer and chief products officer had left. A person close to the company who was not authorized to speak said the two executives had left. It was not immediately clear why the head of technology, Josh Adams, and the product chief, Billy Boozer, decided to leave, but the staff turnover comes at a bad time for the company as it struggles to attract subscribers. The company last week stated that its accountants needed more time to review financial figures before filing its annual report. Many public companies request filing extensions, but the news added to investor jitters caused by the February launch of Trump's Truth Social app, which was marred by outages and long wait lists to gain access. Potential subscribers were waiting for access as of Monday. The stock rocketed past $100 last fall after Digital World announced it would buy Trump Media and Technology Group. Digital World's share price ended Monday at $56.94, down more than a third from a month ago. The two adult sons of Trump started posting on the platform last week. On the same day, Don Jr. posted, "Who's ready for some truth!" The biggest attraction for Truth Social, the ex-president, hasn't posted anything in over a month. Your favorite president will see you soon. The Truth Social app was the top free app in the App Store on the day it was made available to a limited group of subscribers. It has fallen down the charts and is no longer in the top 200. Digital World may have a problem with funding its operations. Dozens of investors agreed to put $1 billion into the business after Digital World and Trump Media were combined, but that hasn't happened yet. Digital World is still waiting for regulators to sign off on the deal. The company said last year that the Securities and Exchange Commission is investigating Digital World after reports it may have broken security rules. Digital World is a blank check company that is set up with the sole purpose of buying an operating business that is allowed to offer stock to raise money without much public disclosure. News reports last year said Digital World and Trump's company had conversations about merging before Digital World stock began trading. The company said it was complying with the probe. Trump dismissed the regulatory scrutiny as a witch hunt. The Digital World stock price is still worth more than $2 billion despite the plunge on Monday. Monday is today. All you need to know about tech and cyber news from Capitol Hill to Silicon Valley can be found in Hillicon Valley. You can subscribe and view the full edition here. The former President's social media platform faced additional hurdles Monday with stock in the SPAC bringing the platform public dropping after reports of top executives. Roger Stone, a long-time ally of Donald Trump, claims he is being blocked on the ex-president's social media site. He has been dubbed the "godfather of cryptocurrencies" because of his huge gains on IOTA, Cardano, and others. His newest prediction is here. Digital World Acquisition Corp is merging with and taking public the Donald Trump-backed Truth Social, which has had a lot of problems. One user wrote that the platform was nothing more than a safe space for right-wing extremists. The former president is angry and confused because nobody wants to join his social media platform. Few know that Amazon has millions of Prime subscribers. Court records show that at least nine Alachua County residents have been charged in a voter fraud investigation. Julie Hyman breaks down Digital World Acquisition shares. Yahoo Finance's Julie Hyman and Brian Sozzi discuss record electric vehicle deliveries. The people saw infuriating things. Abbott was referring to the installed capacity of the grid, not the power available at that time. When Donald Trump holds a rally in North Carolina on Saturday, he will be trying to boost his favorite for the U.S. Senate, Representative Ted Budd. Budd is locked in a dead heat with the former governor of the state, Pat McCrory, in the May 17 primary. The race illustrates the dangers facing the party as it prepares to battle Democrats for seats in seven competitive states, including North Carolina. Truth Social users have had a hard time using the app. A man builds a trap to catch a thief. The CDC director says the agency will be changed. The president authorized the mission that killed bin Laden in 2011. The House Rules Committee held a hearing Monday on whether to hold the two former Trump advisers in contempt for not complying with a subpoena. Robert Costa joined Red and Blue with the latest. You can battle your way through a visually-stunning mythicalRPG realm with hundreds ofchampions from 14factions. Yahoo Finance's Julie Hyman and Brian Sozzi discuss why the SPAC shares for Donald Trump's Truth Social platform are down. Online observers pointed out that the Walt Disney Company has a song that can be used to spell Mickey Mouse's name correctly. The trial of four men accused of scheming to kidnap Gov. All that came out of the deliberations was a question. The judge was asked for a definition of a weapon. Three of the defendants are facing charges. Record, report, and reduce your organization's environmental impact through actionable insights. Trump is campaigning for candidates who accept his election claims. In remarks that drew condemnation, Rep. Marjorie Taylor Greene accused 3 GOP senators of being prostitutes. The Federal Election Commission fined Hillary Clinton's presidential campaign and the Democratic National Committee for misreporting political payments in 2016 that funded the Steele dossier, and the news attracted a lot of media attention. The penalties were not related to the actual content, creation, or distribution of that document.Associated Press
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