this post was submitted on 10 May 2026
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[–] Zier@fedia.io 1 points 1 week ago

Money laundering.

[–] cronenthal@discuss.tchncs.de 1 points 1 week ago

In other news: Trump family reports $400M gain.

[–] rouxdoo@lemmy.world 1 points 1 week ago (2 children)

The point of the company was not to profit but to broadcast the grift which is where all the money ends up. The "truth" loses money but the gaslit minions fund the idiot.

[–] CosmoNova@lemmy.world 1 points 1 week ago* (last edited 1 week ago) (1 children)

Yup. Trump wasn‘t a billionaire, let alone a multibillionaire a decade ago. He got almost all of his current fortune from bribes, extortion and his useful minions.

[–] kbobabob@lemmy.dbzer0.com 1 points 1 week ago* (last edited 1 week ago)

I just read that idiots gave him 60 million for a phone that they will never get. But refunds! Nah, they changed the terms recently so that won't happen.

[–] gnutrino@programming.dev 1 points 1 week ago

Also to act as a vehicle for "investors" to funnel money to the president.

[–] lauha@lemmy.world 1 points 1 week ago

"Nice, 400 million tax deductible"

-- Trump probably

[–] veeesix@lemmy.ca 1 points 1 week ago

TMTG is also active in financial services, and the company announced US$2.5 billion in funding a year ago to invest in cryptocurrencies, one of Trump’s recent passions.

According to its filing, TMTG generated US$900,000 in revenue during the first quarter, a paltry amount for a company valued at US$2.47 billion on the stock market.

And suspiciously interesting,

TMTG said in December that it is merging with the American company TAE, which is developing nuclear fusion technology.