It’s essentially a defederated Mastodon instance. Quite impressive that it can it lose 75 million.
That’s the one thing he’s good at, losing other peoples money.
73 million for a few years of a defederated Mastodon fork. Yeah, totally not fraud.
Wtf did that money even get spent on? They just used mastodon code, so they needed like one or two coders. Traffic was shit so it can’t be that much for hosting.
Can someone explain how this website lost millions? Given that this size was not that big, I fail to see how it could cost this much in admin and Server cost. Even some better known commercial shops will hardly hit 5digits in monthly server costs, plus salaries for 1-3 admins and support staff, and maybe advertising costs.
37million sounds like something they pulled out of thin air, maybe for some bookkeeping fraud or tax write off…
The classic Trump way, receive investment money and then pay yourself that investment money and more. Take out loans in the company’s name and eventually asset strip it to pay yourself again.
