Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue

  • VubDapple@lemmy.world
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    26 days ago

    Don’t they just host some open source software? What product development? Just another bunch of bullshit.

    • extant@lemmy.world
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      26 days ago

      It’s a propaganda mouthpiece and money laundering all rolled up into one neat package they can declare bankruptcy and wipe their hands clean.

  • AmbiguousProps@lemmy.today
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    26 days ago

    Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenue

    Cope.

  • hdnsmbt@lemmy.world
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    26 days ago

    Imagine spending 327 mill just so some angry old guy can tweet for three months.

    • RvTV95XBeo@sh.itjust.works
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      26 days ago

      Pretty straightforward.

      1. Build idiot following
      2. Develop minimum viable product
      3. Tell idiots if they invest, they’ll help you on your idiotic crusade AND get rich in the process.
      4. Pocket investments for profit.
      5. 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.

  • plinky [he/him]@hexbear.net
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    26 days ago

    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.

    soviet-hmm 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?