Alex Shepherd says Trump faces "an apocalyptic financial situation":
"Strapped for cash both personally and politically, Trump is desperate for money and, judging from his deranged posts lately on Truth Social, it’s sending him into a tailspin of panic."
This creates a dangerous situation:
"He badly needs big donors—and he’s clearly willing to change policy proposals on a host of issues, from China to entitlements, to get them."
#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.