Former President Trump's social media company has another potentially big problem on its hands: It's struggling to complete a stock market listing that would allow it to raise more than $1 billion it needs to keep running.
it would be"hard and expensive to build a new platform" that could compete with the likes of Facebook and Twitter.Trump's social media site hits the app store a year after he was banned from Twitter
But almost a year has passed, and the SEC hasn't given the deal its blessing, and neither have DWAC's shareholders. If the deal isn't approved by the deadline, and there isn't another extension, DWAC would unwind, and President Trump's media company would have to find a new way to raise money.
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