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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[–] [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.