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.

https://ghostarchive.org/archive/cuvuc

  • magnetosphere @beehaw.org
    link
    fedilink
    English
    arrow-up
    41
    ·
    edit-2
    1 year ago

    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.

    • loki@lemmy.ml
      link
      fedilink
      English
      arrow-up
      7
      ·
      edit-2
      1 year ago

      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”

      • magnetosphere @beehaw.org
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        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.

  • StarServal@kbin.social
    link
    fedilink
    arrow-up
    32
    ·
    1 year ago

    He’s unbanned from Xitter which was the whole reason he started Truth Social to begin with. It’s served its purpose.

        • Excrubulent@slrpnk.net
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          I pronounce it like “twitter” and I spell it that way too.

          It’s not like anyone wants that word for anything else. It’s just a play on onomatopoeia that some marketing company made up ages ago because it was easy to search.

          Nobody will be confused by the term, and it’s not like twitter is going to do anything terribly relevant from here on out except spiral into the ground. To the extent it matters to history, that’s what people will remember it as.

  • Davel23@kbin.social
    link
    fedilink
    arrow-up
    30
    ·
    1 year ago

    Ugh, if “Truth” Social goes under, all the deplorables will crawl back to Twitter. And Muskrat will roll out the red carpet for them.

    • jarfil@beehaw.org
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      Do you mean, if “Truth” goes down, they’ll go to “Lies” Social?.. wait, that kind of fits 𝕏’s Blue pay-to-troll… weird how these things work.

    • Treczoks@kbin.social
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      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”.

  • ATQ@lemm.ee
    link
    fedilink
    arrow-up
    27
    ·
    edit-2
    1 year ago

    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?

    • Butterbee (She/Her)@beehaw.org
      link
      fedilink
      English
      arrow-up
      16
      ·
      1 year ago

      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.

  • bedrooms@kbin.social
    link
    fedilink
    arrow-up
    19
    ·
    1 year ago

    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

  • regalia@literature.cafe
    link
    fedilink
    arrow-up
    17
    ·
    1 year ago

    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?

  • negativenull@lemm.ee
    link
    fedilink
    arrow-up
    14
    ·
    1 year ago

    Is that why Trump posted on Twitter after his indictment? He needs to establish his landing pad.

  • Baggins@beehaw.org
    link
    fedilink
    English
    arrow-up
    14
    ·
    1 year ago

    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”.

  • gregorum@lemm.ee
    link
    fedilink
    English
    arrow-up
    6
    ·
    1 year ago

    Do anyone who hasn’t read the article, I highly suggested. It is devastating.