Don't they just host some open source software? What product development? Just another bunch of bullshit.
this post was submitted on 20 May 2024
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Yes. Truth Social is an unfederated Mastodon instance. Not kidding.
It's a propaganda mouthpiece and money laundering all rolled up into one neat package they can declare bankruptcy and wipe their hands clean.
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.
Daddy Putin save us all
So clearly this is some kind of grift. But how does it work?
Tricking clowns into buying wildly overpriced securities and money laundering combo.
Pretty 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.
Data harvesting, direct pipeline to brainwash right wing talking points into voters.