Don't they just host some open source software? What product development? Just another bunch of bullshit.
Yes. Truth Social is an unfederated Mastodon instance. Not kidding.
It's a propaganda mouthpiece and money laundering all rolled up into one neat package they can declare bankruptcy and wipe their hands clean.
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue
Cope.
You don't lose $327 million in ONE QUARTER on product development. Who are they fooling with this?
The IRS, apparently.
Imagine spending 327 mill just so some angry old guy can tweet for three months.
I seriously doubt they lost that much money. This is probably more tax fraud from the fraudster in chief.
That's called GOOD BUSINESS!
So clearly this is some kind of grift. But how does it work?
Tricking clowns into buying wildly overpriced securities and money laundering combo.
Pretty straightforward.
Also, claiming excessive losses is probably an attempt at tax evasion.
Data harvesting, direct pipeline to brainwash right wing talking points into voters.
Daddy Putin save us all
For the three-month period that ended 31 March, the company posted a loss of $327.6m, which it said included $311m in non-cash expenses related to its merger with a company called Digital World, which was essentially a pile of cash looking for a target to merge with.
guardian write your shit better jesus christ. What is digital world, is it a pile of cash? Are they 300000 T-bills in a trench coat?
Anything that is at least tangentially connected to the technology, social media platforms, informational technologies and tech policy.
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
1. English only
Title and associated content has to be in English.
2. Use original link
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
[email protected]
[email protected]
Icon attribution | Banner attribution
If someone is interested in moderating this community, message @[email protected].