Quite the indictment of our financial system that there's nearly $4 billion in capital tied up in a shell company that is going to merge with the money-losing social network run by the insurrectionist conman who keeps racking up hundreds of millions in court judgments against him.
(gift link)
https://www.nytimes.com/2024/02/26/business/trump-media-digital-world-acquisition-cash.html?unlocked_article_code=1.Yk0.6qm7.k4vMS2dLR6_8&smid=url-share
Trump Media’s Impending Merger May Give Him a Financial Lifeline
The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.
Max Kennerly
Eddie the Bulldog