• tal@lemmy.today
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      1
      ·
      edit-2
      10 months ago

      It’s probably got some value, and I’d guess that its utility is either gonna be to politicians who want access to information about social media users who support Trump or to some other social media network that is already working on monetization, so that it can reuse existing stuff.

      I’m skeptical that it’s worth much, though. The value is gonna be in the userbase.

      https://en.wikipedia.org/wiki/Truth_Social

      Users: estimated 607,000 monthly users as of July 2023[4]

      That’s not a whole lot.

      Ostensibly a place for freer speech than Twitter, Truth Social

      If Musk wants to create a separate social media platform with less-restrictive rules on content, I’d imagine that he’d be in a pretty good position to do that. He’s already got a codebase. Just needs to have a separate comment database from Twitter.

      • kautau@lemmy.world
        link
        fedilink
        English
        arrow-up
        11
        ·
        10 months ago

        Don’t worry, the FSB will fund it, they need it since they’re only good at digital war and found out they’re bad at physical war

  • Tylerdurdon@lemmy.world
    link
    fedilink
    English
    arrow-up
    58
    arrow-down
    1
    ·
    10 months ago

    So we’ve proven Elon can ruin a functional social media platform, but what about a dysfunctional one? He might… Fix it?

  • theodewere@kbin.social
    link
    fedilink
    arrow-up
    45
    arrow-down
    1
    ·
    10 months ago

    trying to offload it onto a sucker’s market as soon as possible because they know the value of that stinker only drops from here

  • MushuChupacabra@lemmy.world
    link
    fedilink
    English
    arrow-up
    44
    arrow-down
    1
    ·
    10 months ago

    Why would he do that, when he could smart-ass his way into a legally binding contract to buy Twitter for much more money, and then trash it until it’s interchangeable with Truth?

    • takeda@lemmy.world
      link
      fedilink
      English
      arrow-up
      39
      arrow-down
      1
      ·
      10 months ago

      Though I must say I’m still upset at the losers that are still on twitter.

      I feel like people changed drastically over the last two decades and are more likely to accept being fucked in the ass by corporations.

      Remember what happened to digg when they changed the site to control the articles that are being posted? Or to Myspace when it was purchased by Murdoch?

      What the hell happened?

      • Sanctus@lemmy.world
        link
        fedilink
        English
        arrow-up
        21
        arrow-down
        1
        ·
        10 months ago

        Well, The Battle of Blair Mountain happened because the workers were sick of being paid in company scrip, living in company housing, and shopping and company stores. So maybe we’re not back to that yet. But dont ever forget that is the end goal for all these shit stains.

      • Deceptichum@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        16
        arrow-down
        2
        ·
        edit-2
        10 months ago

        Normies happened.

        Digg was nerds and MySpace was teens. Each left their site for different reasons. Neither was popular with mainstream society as a whole.

        Twitter is normies and normies don’t really give a shit, happy to live in the status quo never changing.

        • webghost0101@sopuli.xyz
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          3
          ·
          10 months ago

          How does normies compare to neurotypicals? I wouldnt say that classic social media is only neurotypicals but there does seems to be a major overlap.

    • Dlog@thelemmy.club
      link
      fedilink
      English
      arrow-up
      17
      ·
      10 months ago

      Yup, and the Mastodon devs almost took them to court for stealing their code. Of course at the last minute Trump Media published their changes to Mastodon to adhere to the GPL.

      • jabjoe@feddit.uk
        link
        fedilink
        English
        arrow-up
        1
        ·
        9 months ago

        GPL works again, though maybe not much useful to merge back from Trump Media…

    • Asafum@feddit.nl
      link
      fedilink
      English
      arrow-up
      11
      ·
      edit-2
      10 months ago

      Trump is insanely greedy, greed is literally the only thing he knows. It doesn’t matter if he picked up a dead leaf from a pile in the middle of autumn, he’d want to sell it to someone.

      Unfortunately some dumbass maga moron would probably buy it…

      • eran_morad@lemmy.world
        link
        fedilink
        English
        arrow-up
        14
        ·
        10 months ago

        Seriously, tho. Couldn’t you see it? Some fat guy with an orange and white face, a menacing scowl, scant and lengthy piss-yellow wisps winding and crowning his countenance, an oversized suit dwarfing his hands, with a red tie down to his knees. Ridi, pagliacco!

  • AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    11
    arrow-down
    1
    ·
    10 months ago

    This is the best summary I could come up with:


    Faced with mounting legal troubles and a sputtering special purpose acquisition company (SPAC) deal, former president Donald Trump reportedly turned somewhere unexpected last year to offload his flailing social media platform, Truth Social: X owner and Tesla technoking Elon Musk.

    Ostensibly a place for freer speech than Twitter, Truth Social launched in 2022 with plans to take the platform public as soon as possible through a sale to a SPAC formed for the purpose, Digital World Acquisition Corp (DWA).

    The deal has yet to close, with the US Securities and Exchange Commission heavily criticizing the use of a Chinese firm to develop DWA.

    By September 2022 Trump Media and Technology Group (TMTG), parent company of Truth Social, had threatened to sue the SEC for delaying the TMTG/DWA merger.

    We received no response from either party, while The WaPo was told by TMTG that “We heard Trump and Musk were actually discussing buying the Washington Post but they decided it had no value.”

    Trump, who would hold more than half the shares of the combined company, would reportedly stand to raise his net worth by some $4 billion - more than enough to handle those legal problems without Musk’s help.


    The original article contains 528 words, the summary contains 199 words. Saved 62%. I’m a bot and I’m open source!

    • Ledivin@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      ·
      10 months ago

      We received no response from either party, while The WaPo was told by TMTG that “We heard Trump and Musk were actually discussing buying the Washington Post but they decided it had no value.”

      lol… Bezos already has - and, unlike Musk, continues to generate - effectively infinite money. Why on earth would he sell WaPo?

    • Yer Ma@lemm.ee
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      1
      ·
      10 months ago

      I was hoping this was what their recent meeting was instead of muskrat bailing him out

  • Jakdracula@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    2
    ·
    10 months ago

    Here’s the best summary I can come up with:

    Trump (pictured) says “my pants shit their pants!”

  • selokichtli@lemmy.ml
    link
    fedilink
    English
    arrow-up
    5
    ·
    edit-2
    10 months ago

    They may still be on negotiations. I can picture Truth as “Y, the social network that comes after X”. It sure can’t fail. Then a merge can happen, they can call it Z or Musk may be bold about it and call it Ω.