MANHATTAN, NY—Announcing its latest acquisition to add to its already expansive corporate portfolio, Warner Bros. Discovery has purchased social media site wasteof.money before immediately shuttering it for a tax write-off. “We are very excited to announce that wasteof.money will be joining the Warner Bros. Discovery family, after what were quick negotiations with its previous owner, we have acquired a controlling stake in the website, with plans to immediately shut the whole thing down so we can give ourselves a big ol’ fat tax write-off,” said Warner Bros. Discovery CEO David Zaslav in an investors call Thursday. “Now, we know what many of you will be wondering, what the fuck is wasteof.money? And to be honest, I haven’t got a goddamn clue, but what matters is that we can get a lovely tax write-off from buying whatever in the loving fuck this damn thing even is.” While not providing an explicit reason for the closing of wasteof other than a tax write-off, rumours began circling that the reason could have to do with wasteof user @Burrito’s posts, which struck the fear of God into Warner Bros. Discovery executives, giving the conglomerate more ammunition for the shuttering of the platform. At press time, leaked documents revealed that Warner Bros. Discovery had paid the previous wasteof owner Jeffalo around CHF 5 to acquire the site.