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Trump's Truth Social Has Lost $73M Since Launch, New Filing Shows: The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday. (www.hollywoodreporter.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
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Trump's Truth Social Has Lost $73M Since Launch, New Filing Shows: The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.::Truth Social Losses and Revenue revealed for first time as Trump social platform discloses financial data and says it is a "going concern"

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[–] 7 points 2 years ago (1 child)

Where is the money actually lost to? Like who credited from this ridiculous debit

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  • [–] 2 points 2 years ago (1 child)

    "See? You could have raised a million dollars, put on a sixty thousand dollar flop and kept the rest." Leo Bloom, The Producers, 1967

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  • [–] 1 point 2 years ago (1 child)

    For real tho, how is whatever is happening right now like, legal? How can he publicly fundraise for his individual criminal legal "needs" and have SuperPACS pay for all his personal legal needs. In short, I guess what I'm asking is What the fuck?

    Lol, what other defendant can/could ever act this aggregiously to no avail

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  • [–] 2 points 2 years ago (1 child)

    Morally bad but legally allowed. Scam as old as history.

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  • [–] 1 point 2 years ago (1 child)

    I just don't get how he gets to be enriched, in a sense, with a PAC paying his personal (not political) expenses, like shouldn't that money be for his "campaign"? 🤔

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  • [–] 2 points 2 years ago*

    Please research “Leadership PAC“. Then the dispute between the FEC and how most interpret the law.

    In short, it is currently allowed and people need to stop thinking that all types of PACs are governed by the same rules.

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