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Those are rookie numbers. Come back when your social media platform has lost 20 Billion.
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Submitted 1 year ago by sanqueue@lemmy.world to technology@lemmy.world
Comments
badcommandorfilename@lemmy.world 1 year ago
Ejh3k@lemmy.world 1 year ago
You’d have to be a successful capitalist to be able to afford a business big enough to lose 20 billion.
autotldr@lemmings.world [bot] 1 year ago
This is the best summary I could come up with:
The numbers were revealed in a new financial disclosure from TMTG’s SPAC merger partner Digital World Acquisition Corp.
The filing indicates that, if TMTG is unable to complete the merger with DWAC, and receive the pot of money on the line, it may not survive.
The amended S-4 filing also broke out a number of updates and risk factors related to the company, including the fact that the long-planned streaming video service appears to be off the table for now.
The filing makes no mention of the service (which was teased with conservative comedy specials and “Trump-specific programming”) except in relation to layoffs.
“This action followed a review of all departments, most significantly impacted TMTG’s streaming video on demand (SVOD) and infrastructure teams.”
In May of 2022, Trump agreed to make Truth Social his primary social platform, agreeing not to post on other platforms until 6 hours after he sends a “Truth.” However, since initially signing the deal with TMTG, Elon Musk acquired Twitter and reinstated Trump’s account (he also rebranded it as “X.”)
The original article contains 576 words, the summary contains 174 words. Saved 70%. I’m a bot and I’m open source!
fubo@lemmy.world 1 year ago
The company is probably a money laundering operation to begin with, channeling funds from Russian backers to American traitors.
spudwart@spudwart.com 1 year ago
Isn’t it also in violation of the agpl because it’s mastodon and they didn’t release the source code?
BruceTwarzen@kbin.social 1 year ago
Hey don't talk like that about the next president.