Trump's Social Media Venture Abruptly Loses Key Officials; Sparks Concerns

Tech chief Josh Adams and product development chief Billy Boozer have resigned from former President Donald Trump's 'Truth Social' in less than a year, Reuters reports.
Sources said, "If Josh has left… all bets are off," calling him the "brains" behind Truth Social's technology.
Boozer also had a significant leadership role as product chief, running management across technology infrastructure, design, and development teams.
The departures followed the troubled launch of the company's Apple Inc AAPL iPhone app on February 20.
Truth Social looked to go public via a special purpose acquisition company (SPAC) merger with Digital World Acquisition Corp DWAC.
The platform promised to give Trump unfettered communication after Twitter Inc TWTR, Facebook rebranded Meta Platforms Inc FB, and Alphabet Inc GOOG GOOGL YouTube banned him for his role in the U.S. Capitol riot.
Weeks later, many users remained on Truth Social's waiting list, unable to access the platform.
Trump Media & Technology Group (TMTG) CEO Devin Nunes, a former Republican, confirmed making the app fully operational within the U.S. by the end of March.
Separately, Tesla Inc TSLA CEO Elon Musk disclosed a 9.2% stake in Twitter shortly after expressing a desire to create an alternative to the social media platform.
Price Action: DWAC shares traded lower by 11.30% at $56.08 on the last check Monday.
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