Donald Trump keeps boasting about how well his Truth Social platform is doing, but like many things Trump – it’s all wind.

Truth Social is in big trouble.

And even though Trump claims that an easy solution will be to take the platform private if no investors are interested in supporting the program, he doesn’t have the financial chops to do what he dreams of.

Delays continue to plague a $1.3M merger, putting financing for the company into a state of uncertainty. The merger would be between Truth Social’s parent company Trump Media Technology Group, and a company known as Digital World Acquisition Corp.

The SEC is investigating the arrangement, and Digital World’s shareholders must vote to extend the merger’s deadline by a year if they hope to keep the deal alive.

This past Monday, a key vote on the merger was postponed until November, adding to the former POTUS’s woes as investors have been backing out for months.

Trump continues to be the most significant liability for Truth’s success, as he’s only appealing to a narrow audience. And advertisers are hesitant to tie their cart to the MAGA horse.

Even as investors get nervous about the future of Truth, Trump is amping up rhetoric on the platform, pushing Q-Anon conspiracy theories and making potential investors look elsewhere.