Quite the indictment of our financial system that there's nearly $4 billion in capital tied up in a shell company that is going to merge with the money-losing social network run by the insurrectionist conman who keeps racking up hundreds of millions in court judgments against him.

(gift link)

https://www.nytimes.com/2024/02/26/business/trump-media-digital-world-acquisition-cash.html?unlocked_article_code=1.Yk0.6qm7.k4vMS2dLR6_8&smid=url-share

Trump Media’s Impending Merger May Give Him a Financial Lifeline

The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.

The New York Times

@maxkennerly is there a single thing in our society that is working well, for the benefit of all?

i cannot think of a single thing.
our justice system, our media, our healhcare system, our financial systems, our state department, it's all been turned into a money making scheme or a tool that rich people can use or destroy to ruin people's lives

@rustoleumlove @maxkennerly The Establishment Clause didn’t quite anticipate money *becoming* the religion.
@rustoleumlove @maxkennerly
If I didn't know differently, I would think you were talking about the U.K. ! EVERYTHING is broken here.
@rustoleumlove @maxkennerly I consider our wonderful public libraries to be one of the last "free" places accessible to most people.
@ProgressiveRaymond @maxkennerly i agree, i think this may be the last bastion