What is the terms of the bet?
Did you read the NYT article posted above?
There will be litigation on a host of issues:
1. The false statements in the initial prospectus
2 The lack of assets or income for the TFG entity. This entity is supposed to have a value of $800 million with no assets or operations
3, This site was hacked early on.
4. The intellectual property clams will be fun to watch. This software is copied from Mastadon and may never survive until 2022
This summary on TFG's software amuses me
https://www.thedailybeast.com/why-maga-social-media-is-a-hackers-wet-dream?ref=scroll
TruthSocial’s terms of service agreement shows few indications of forethought about how the company will handle these kinds of thorny issues. The platform’s agreement is mostly copied from widely used language found in the terms of service sections of hundreds of smaller websites like PatriotCoolers.com, who face a different threat environment than a social media app run by a controversial former president.
“It does not sound like [TruthSocial has] a compliance team, it does not sound like there are lawyers on staff, or anybody even doing the basic due diligence in the same way it doesn’t sound like they have anybody doing the most basic security engineering,” Galerpin said, adding that its source code appears to have been taken directly from Mastodon, an open source social media network, but without jumping through all the appropriate hoops.
Mastodon put the pedal to the medal and sent a letter to Truth Social’s legal team last week in an attempt to get them to fess up to their slip-up.
For now, for the newest social media venture in MAGA-land, Truth Social, the future does not look bright, Galperin said.
”I imagine a series of embarrassing security and policy failures followed by a very boring fizzle. I don’t imagine any of these sites are going to replace any of the tech giants anytime soon.”
There is a lack of a PIPE and the normal redemptions will kill the viability of this deal
I hope that you made money on the MAGA idiots and that you are out of this piece of crap stock
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