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Trump social media group raises $1B from undisclosed investors
- d23 5y agoWonder how much of this is domestic versus international investment.
- Qw3r7 5y agoWhy is this on HN ?
- ethanbond 5y agoA social media startup raising a billion dollars shouldn’t be on HN?
- schleck8 5y agoWhy not?
- rvz 5y agoAnother social media company is raising $1B from investors should not be on HN because? So Clubhouse, Snap Inc, Pinterest, TikTok (ByteDance), Twitter and Facebook all have done the exact same thing and it was posted here on HN which was fine but it is not fine for this one?
- sieabahlpark 5y agoGo take your butthurt self back to Reddit.
- vondur 5y agoThat’s a boatload of cash. Wonder why they need so much?
- rsynnott 5y agoLook, coating an entire office in tacky gold leaf isn’t cheap.
- Commodore63 5y agoScrubbing references to Mastodon doesn't come cheap.
- edoceo 5y agoHire Cyber Ninjas to use sed
- woodruffw 5y agoPending confirmation from a public agency, I don’t think it’s unreasonable to treat the $1 billion number with a large grain of salt. Donald Trump has a long history of exaggerating the value of his investments and assets, and the kind of opaque corporate structure described here lends itself nicely to that.
- deleted 5y ago[deleted]
- krylon 5y agoLegal bills would be my guess. snicker
- footlose_3815 5y agodeliberately regressive psyops disguised as patriotism comes at a premium
- rchaud 5y agoIt's possible that contractors and lawyers are asking to be paid upfront.
- ipspam 5y agoEvery progressive with half a hand at hacking will try to be a hero to take this down. Mastodon is going to get some free penetration testing.
- woodruffw 5y agoI don’t think that’s likely. The recurring theme with these right-catering sites seems to be “we put all of our user data on a public bucket,” at which point a Twitter rando tends to find them with a Shodan search or Google Dork. Which is the telling part: it’s infrastructural incompetence, not exploits in Mastodon or whatever software they choose to run.
- klyrs 5y agoEvery anybody with a thimble of knowledge about "hacking" understands that you cannot "take this down" for more than a few days at a time.
- ekianjo 5y ago> try to be a hero to take this down. I'm pretty sure whoever is investing in this is heavily aware of that possibility.
- gigama 5y agoWonder if it's related to this... "Data from another platform, Coinglass, showed that nearly $1 billion worth of cryptocurrencies had been liquidated over the past 24 hours, with the bulk being on digital exchange Bitfinex." [1] https://www.cnn.com/2021/12/04/business/bitcoin-plunges-overnight/index.html https://www.cnn.com/2021/12/04/business/bitcoin-plunges-over...
- Cycl0ps 5y agoSo it's not just the social media. According to the slide deck published on their website[0] it's also a news channel and an on-demand streaming service, with a possible long-term play to compete against the likes of AWS and Stripe. In their own words this is being done to "End the FAANG monopoly". [0] https://ir.tmtgcorp.com/company-presentation/ https://ir.tmtgcorp.com/company-presentation/
- HillRat 5y agoGiven John Malone’s recent overtures to Trump, it’s possible that this is a Liberty Media PIPE deal with the intent of adding Trump to Liberty’s channel lineup as a FOX/OANN competitor, which would be broadly consistent with their corporate strategy. Of course, this being Trump, it could also be a bunch of Russian oligarchs via private placement, so who the hell knows.
- rchaud 5y agoTheranos was going to have portable blood testing kits the size of an iPod. WeWork was going to build its own schools and neighborhoods. It's all vaporware until proven otherwise.
- beerandt 5y agoIt's a copycat venture with a distinguishing characteristic the existing players won't want or be able to compete with. Yea, they still have to execute, but they're not exactly depending on any cutting edge technology or novel business plan to make it work.
- sysOpOpPERAND 5y agoif he wants to stop censorship he will have to create his own phone next considering iphone and androids are the app gate keepers. you really cant have an app on those phones without a rating system
- inglor_cz 5y agoThere is no end to this kind of escalation short of forking the entire digital economy. You have your own phone, now what? ISPs and card providers will be pressured to deny their services, banks to close accounts, antivirus companies to yank licences, antispam companies to blacklist domains, open source projects to create new licensing schemes that ban certain viewpoints. There are multiple points of failure along the way.
- aaomidi 5y agoIt'd be cheaper to pay off politicians to get rid of the ability for the gatekeepers to gatekeep. And fuck it if this is what it takes to get rid of the gatekeepers I'm all for it.
- e-clinton 5y agoI think it has a high chance of being a decently successful venture. They have the money, the tech, and an incredibly passionate audience. It’d be difficult for it not to be successful in my view.