Trump’s Truth Social media company posts $327m first-quarter loss
Trump’s Truth Social media company posts $327m first-quarter loss
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue
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Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue
Don't they just host some open source software? What product development? Just another bunch of bullshit.
51 0 ReplyYes. Truth Social is an unfederated Mastodon instance. Not kidding.
42 0 ReplyIt's a propaganda mouthpiece and money laundering all rolled up into one neat package they can declare bankruptcy and wipe their hands clean.
9 0 Reply
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue
Cope.
39 0 ReplyYou don't lose $327 million in ONE QUARTER on product development. Who are they fooling with this?
7 0 ReplyThe IRS, apparently.
4 0 Reply
Imagine spending 327 mill just so some angry old guy can tweet for three months.
13 1 ReplyI seriously doubt they lost that much money. This is probably more tax fraud from the fraudster in chief.
4 0 Reply
That's called GOOD BUSINESS!
11 0 ReplyThe Art of the Steal.
10 0 Reply
Daddy Putin save us all
6 0 ReplySo clearly this is some kind of grift. But how does it work?
5 0 ReplyPretty straightforward.
- Build idiot following
- Develop minimum viable product
- Tell idiots if they invest, they'll help you on your idiotic crusade AND get rich in the process.
- Pocket investments for profit.
- Once you've rung everything you can out of your wet blanket supporters, abandon platform.
Also, claiming excessive losses is probably an attempt at tax evasion.
4 0 ReplyTricking clowns into buying wildly overpriced securities and money laundering combo.
2 0 ReplyData harvesting, direct pipeline to brainwash right wing talking points into voters.
2 0 Reply
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?
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