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    Max Kennerly (maxkennerly@mstdn.social)'s status on Wednesday, 28-Feb-2024 02:27:03 JST Max Kennerly Max Kennerly

    Quite the indictment of our financial system that there's nearly $4 billion in capital tied up in a shell company that is going to merge with the money-losing social network run by the insurrectionist conman who keeps racking up hundreds of millions in court judgments against him.

    (gift link)

    https://www.nytimes.com/2024/02/26/business/trump-media-digital-world-acquisition-cash.html?unlocked_article_code=1.Yk0.6qm7.k4vMS2dLR6_8&smid=url-share

    In conversation about a year ago from mstdn.social permalink

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    1. Domain not in remote thumbnail source whitelist: static01.nyt.com
      Trump Media’s Impending Merger May Give Him a Financial Lifeline
      from By Matthew Goldstein
      The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.

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