Saturday, October 23, 2021

So, About That High-Flying Market Value

The Software Freedom Conservancy (SFC) says former President Donald Trump’s new social network violated a free and open-source software licensing agreement by ripping off decentralized social network Mastodon. The Trump Media and Technology Group (TMTG) has 30 days to comply with the terms of the license before its access is terminated — forcing it to rebuild the platform or face legal action


Truth Social hasn’t officially launched. But users could access a test version of the platform, where many of them created prank accounts that flooded the service with false company announcements and even fake Donald Trump posts. (The platform has since been replaced by a waitlist.) The SFC demands that TMTG offer all these users access to the Truth Social source code. “If they fail to do this within 30 days, their rights and permissions in the software are automatically and permanently terminated,” Kuhn says. 

If Truth Social fails to make the source code available, the SFC could sue it for violating the terms of the license it used. Earlier this year, the group sued electronics maker Vizio for “repeated failures to fulfill even the basic requirements” of free software licensing. “We will be following this issue very closely and demanding that Trump’s Group give the corresponding source to all who use the site,” Kuhn writes.

And the smart money said yesterday the SEC was eventually gonna get 'em.  Looks like the SFC won't let it be around long enough for the SEC to get involved.

Although the structure of this thing gives Trump a name on the door and a title, it looks like it is, as usual with Trump, structured so that none of the mud splatters on him.  He ran a similarly public traded entity that owned casinos with his name on 'em.  Trump got paid, the casinos went bust, Trump walked away clean (and shameless as a whore).  He'll do it again with this, no matter what happens.

A fool and his money are soon parted; that's the only way Trump has ever made any money, and there's a sucker born every minute.

1 comment:

  1. He's a mighty accomplished grifter and conman, considering how stupid he is our laws and regulations and habits of letting rich white men get away with that by making most of it unillegal, things are set up to enable the likes of him and to send the innocent to prison and their deaths.