this post was submitted on 14 Nov 2023
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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 11 months ago by L4s to c/technology
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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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[–] cheese_greater 7 points 11 months ago (1 children)

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

[–] [email protected] 2 points 11 months ago (1 children)

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

[–] cheese_greater 1 points 11 months ago (1 children)

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

[–] [email protected] 2 points 11 months ago (1 children)

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

[–] cheese_greater 1 points 11 months ago (1 children)

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"? 🤔

[–] APassenger 2 points 11 months ago* (last edited 11 months 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.