Submitted 5 months ago by BrikoX@lemmy.zip to technology@lemmy.zip
https://www.theguardian.com/us-news/article/2024/may/20/trump-truth-social-loss
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue
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!
The Art of the Steal.
So clearly this is some kind of grift. But how does it work?
Tricking clowns into buying wildly overpriced securities and money laundering combo.
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.
soviet-hmm 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?
VubDapple@lemmy.world 5 months ago
Don’t they just host some open source software? What product development? Just another bunch of bullshit.
kellyaster@lemmy.world 5 months ago
Yes. Truth Social is an unfederated Mastodon instance. Not kidding.
extant@lemmy.world 5 months ago
It’s a propaganda mouthpiece and money laundering all rolled up into one neat package they can declare bankruptcy and wipe their hands clean.