Trump's lawyers insinuated that he doesn’t even have $450 million. The answer might lie in Truth Social, the social media app that Trump and his associates started after he was booted from Twitter. Trump's financial future now hinges on meme stocks, SPAC deals, and cult-of-personality investing.
In court, Trump ’s lawyers insinuated that he doesn’t even have $450 million—not in cash, at least, unsuccessfully appealing to get the penalty lowered to a $100 million bond. So, where is Trump going to get all of this money? Oddly, the answer might lie in Truth Social , the social media app that Trump and his associates started after he was summarily booted from Twitter (now X) in the aftermath of the January 6, 2021 insurrection.
Trump’s financial future now hinges on some of the strangest fads in corporate finance—meme stocks, SPAC deals, and cult-of-personality investing. If Trump can find a way to act fast, it might just be the bailout he desperately needs. Truth Social is a bad imitation of Twitter, where Trump was an unavoidable presence long before he ran for president. It’s chock full of stale red-pilled memes, MAGA conspiracy theories, and of course, Trump. That’s the main draw. Truth Social is the only place the former president now regularly posts his unfettered thoughts. Unsurprisingly, Truth Social hasn’t found mass appeal. It had a paltry
Trump Financial Future Truth Social Social Media Meme Stocks SPAC Deals Cult-Of-Personality Investing
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