From a “securities fraud” perspective, knowingly violating software licenses to form your core product without ever disclosing it in public filings may actually be worse than a disclosed risk of security vulnerabilities. And in case it’s not entirely clear, Trump is using this IPO to try to make bond on a $454M penalty…for committing fraud https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html