clacke
How is anyone expecting to sell shitty non-federating Mastodon instance truth.social to the stockmarket for billions of dollars? It doesn't have a business model, it is not cash flow positive.
Is it a classic pump and dump scheme with market cap shenanigans like these DWAC people created their company, issued themselves 50 million shares and then they bought a handful of them from each other for 40 dollars a piece?
More fraud to pay for the previous fraud?
clacke
Listen, a Fediverse server doesn't have to have a business model, you can just set it up and run it. It can have a business model if you want to, or a community model. You can run ads, you can have a Patreon, etc. People find ways, or they pay out of pocket because they want to run a server. It's all good.
But if they want to sell it for billions of dollars they'd better have a business model. Or, if you want to *look* like you're selling it for billions of dollars you can set up a special purpose acquisition vehicle and run it like a shitcoin. That *has* to be what they're doing here.
Or they expect they can trick MAGAs to buy it at the listed price, which, you know, maybe they actually know they can do that. Because it's not a donation, it's an investment in something concrete and also America's future? Maybe that's how they sell it?
silverwizard
clacke
Stephen Michael Kellat
@clacke It is nice way to launder money to a presidential candidate and exert influence over him, too.
clacke
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