Social media platform is like phantom stocks. They appear substantial, but their value is elusive.
How Phantom Stock Works:
Phantom shares mimic real stock value.
Pump & Dump Scheme: A fraudulent practice where individuals artificially inflate the price of a stock (or in this case, social media company) to attract unsuspecting or criminal/dark money investors who “pump” stock prices, the inflated worth is illusory.
Money Laundering: Trump concealing the origins of illicitly obtained funds by passing them through a complex sequence of banking transfers or commercial transactions.
Truth Social is a failed social media platform, that will merge with a publicly traded SHELL company. Financial Performance: Since its 2021 launch, Truth Social generated sales of less than $5 million. However, Trump’s supporters rallied to boost shares in the shell company, Digital World Acquisition Corp. Its a money laundering scheme.
