Trump's S-4 Filing for the merger of his media company has a very funny section under "Risks Related to our Chairman President Donald J. Trump"

submitted by ActuallyNot from sec.gov

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[–]Alan_Crowe 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

I found this, on page 115, about "Free Software", very interesting

TMTG must comply with licenses related to the use of free, publicly-available software incorporated in Truth Social products; failure to do so could cause the loss of the ability to use such software which could in turn adversely affect TMTG’s revenues and results of operations.

In October 2021, Software Freedom Conservancy policy fellow Bradley M. Kuhn accused TMTG of violating the licensing agreement for the free, publicly available software platform, Mastodon. Although any entity can use the code from Mastodon, according to the licensing agreement (AGPLv3), each user of the software must receive “an opportunity to receive the entire Corresponding Source for the website based on that code.” Early users of Truth Social, Kuhn alleged, did not receive the source code.

On October 26, 2021, Mastodon sent a letter requesting that the Truth Social source code be made publicly available in compliance with the license. TMTG has since taken action to resolve this issue by publishing its source code.

TMTG may face similar risks in the future, and failure to comply with such licenses could cause the loss of the ability to use such software, which could in turn adversely affect TMTG’s revenues and results of operations.

[–]ActuallyNot[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

If the code base is open source, they're losing customers and are losing money, it is difficult to understand the high valuing of the company.