Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social

www.wsj.com

cross-posted to:
politics@lemmy.world

Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social

www.wsj.com

fubarx to

News@lemmy.world · 8 months ago

cross-posted to:
politics@lemmy.world

cross-posted from: https://lemmy.ml/post/13470219

Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social

If the SPAC is approved this week, he could potentially use the stock as collateral to get a bond and avoid having properties seized or declaring bankruptcy by next week’s deadline.

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dhork@lemmy.world
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8 months ago
There’s no possible way Truth Social is worth that much. DWAC is a scheme to launder retail investor’s money directly into Donald Trump’s pocket.

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