Trump Truth Social merger changes everything

 March 24, 2024

Former President Donald Trump's Truth Social merger could end up changing everything: both his race for the presidency and his legal proceedings.

With regard to the race for the presidency, The Hill reports that the merger could help Trump "to close the fundraising gap" that currently exists between Trump and President Joe Biden. Biden currently has a big lead on Trump.

And, with regard to the legal proceedings, it appears that Trump is no longer going to be as strapped for cash as the Democrats - including New York Attorney General Letitia James (D) and leftist New York Just Arthur Engoron - were hoping he would be.

Before we get to that, though, let's look at the merger.

Over $3 billion

Truth Social is the social media company that Trump started after Big Tech - including Twitter, Facebook, and others - suspended his accounts following the events of Jan. 6, 2021.

Recently, there have been reports that the Trump Media & Technology Group - which owns Truth Social - was looking to complete a merger. Now, the shareholders of Digital World Acquisition Corporation have approved this merger.

The latest reports on the merger indicate that it could get Trump over $3 billion.

ABC News reports:

Shares in DWAC currently stand around $40 per share. With Trump owning 58.1% of the common stock in the company, the former president stands to make over $3 billion from the deal depending on how the stock ultimately trades. Experts say it represents a staggering valuation for a social media company that ranks below major competitors like Facebook, X, and TikTok.

There is a slight catch, though. The outlet adds, "The deal currently includes a lockout provision that prevents Trump from immediately selling or getting loans based on his shares."

The importance of the merger for Trump

Here, we are going to focus on Trump's legal situation, specifically on the New York civil fraud case where Engoron has imposed a $464 million judgment on Trump.

Recently, as the March 25 deadline to post the bond has been looming, the political left has been gloating about this judgment, hoping that Trump will not be able to pay and that he will be forced to sell some of his assets - even, perhaps, Mar-a-Lago.

They are also hoping, of course, that this judgment will derail Trump's 2024 campaign.

Now, though, it appears that Trump will be able to post the bond and that he will not have to sell his assets or significantly disrupt his 2024 campaign.

This has to be infuriating for Democrats. No matter how hard they try, they just can't stop Trump.

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