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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] sviper@programming.dev 2 points 1 year ago (1 children)

Morally bad but legally allowed. Scam as old as history.

[–] cheese_greater@lemmy.world 1 points 1 year 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@lemmy.world 2 points 1 year ago* (last edited 1 year 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.