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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Trump's Truth Social Has Lost $73M Since Launch, New Filing Shows: The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.::Truth Social Losses and Revenue revealed for first time as Trump social platform discloses financial data and says it is a "going concern"

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[–] cheese_greater@lemmy.world 1 points 9 months ago (1 children)

I just don't get how he gets to be enriched, in a sense, with a PAC paying his personal (not political) expenses, like shouldn't that money be for his "campaign"? 🤔

[–] APassenger@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

Please research “Leadership PAC“. Then the dispute between the FEC and how most interpret the law.

In short, it is currently allowed and people need to stop thinking that all types of PACs are governed by the same rules.