Trump’s Truth Social facing a key funding deadline
The ‘blank check’ ally of former president Donald Trump’s media start-up was once a stock-market star. It’s now days away from potential liquidation.
WP gift article expires in 14 days.
In a separate filing, Digital World said it also was not ready to file two required quarterly financial reports covering the first half of this year, saying it could not complete them in time without “unreasonable effort or expense.” It has sparred with its former auditors in SEC filings and letters over who is to blame for missing information.
This was a law they knew about from day one, right? Don’t the people who run this circus claim to be professionals? Sorry, folks, but incompetence isn’t a valid excuse. It isn’t “unreasonable” to demand that you comply with the law. If you have to pull a few all-nighters because of your own poor planning, that’s just too bad.
Incompetence is however a valid excuse grifters use when they want to fleece a dumb populace.
"where did our donations go?"
"oh, we don't know. it definitely didn't go into our pockets, we swear. anyhow, we're out of money. please donate more. we're the only hope for freedom left in the world"
I love it when they’re faced with judges who don’t tolerate that crap. They simply cannot process the idea of needing actual proof. They’ll fire lawyers who don’t just tell them what they want to hear, but the problem remains, and it BLOWS THEIR MINDS.
Ugh, if "Truth" Social goes under, all the deplorables will crawl back to Twitter. And Muskrat will roll out the red carpet for them.
They can only hope that some of them are not smart enough to understand this "Twitter is now X" stuff and get confused. Or misunderstand it as some kind of "democrat plot" against their "freedumb".
Musk is ready to sell freeze peaches by the bushel over on x.
And if they do, then X becomes Truth Social.
Well, L.O.fuckin.L. Maybe Trump will cough up a buck. Or maybe that’s why he slunk back to the corpse of Twitter?
His whole business model and life strategy is to borrow from fools and have those people fall on the sword for him. I don't think he'd ever consider actually paying up.
In a post there Monday, he wrote, “TRUTH SOCIAL IS THE GREATEST & ‘HOTTEST’ FORM, SYSTEM, & PLATFORM OF COMMUNICATION IN AMERICA, & INDEED THE WORLD, TODAY. THAT’S WHY I USE IT — THERE IS NOTHING THAT COMES EVEN CLOSE!!!”
I just leave it here
How expensive is it to run a dead mastodon instance lol. Ppl do this out of pocket already in the greater mastodon ecosystem. Hell, we're talking on an example of that. Is the instance owner of your instance doing this out of pocket?
Is that why Trump posted on Twitter after his indictment? He needs to establish his landing pad.
I loved this snippet. "Three times as many unique visitors in July visited the websites for The Old Farmer’s Almanac and the Denver Gazette, Similarweb estimates show".
Do anyone who hasn’t read the article, I highly suggested. It is devastating.
Bankruptcy is built into trumps business model.
It's because he's so smart!
And successful!