XPost: alt.fan.rush-limbaugh, alt.politics.democrats.d, or.politics
Lee wrote:
A Chinese Company With Zero Revenue
Just Gave a Bunch of Money to Trump
Have you heard of GD Culture Group?
Most likely not, since the Chinese
e-commerce firm focusing on TikTok
has just eight employees and earned
zero revenue last year. Still,
though, it found the capital to make
as much as a $300 million investment
in $TRUMP — the meme cryptocurrency
launched by Donald Trump that has no
inherent value, except maybe buying
access to the president.
In a securities filing made public
late on Tuesday, and first reported
by the New York Times, GD Culture
Group announced it had purchased
$300 million of bitcoin and the
$TRUMP coin. Despite a staff too
small to play a game of baseball,
the firm made the purchase with
money from a stock sale to an
undisclosed interest in the
British Virgin Islands, a tax haven
designed to make opaque deals such
as this.
https://nymag.com/intelligencer/article/gd-culture-group-trump-meme-coin.html
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