The former president has kept his finances in the dark. But now he’s pressed for cash and Truth Social could be the answer.
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 in the aftermath of the January 6, 2021 insurrection.
. Jay Ritter, a finance professor at the University of Florida, says meme stocks often depend on the “greater fool theory of investing,” meaning rational investors might buy in expecting the stock price to rise and betting that they can sell their shares to a greater fool willing to buy them at a higher price.
for illegally holding merger talks with Trump and Co. before it itself went public.
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