Either way, Trump’s Truth Social woes and finances might be getting a reprieve soon. The SEC approved the deal last month, which could be worth up to $10 billion. Trump, who would hold more than half the shares of the combined company, would reportedly stand to raise his net worth by some $4 billion - more than enough to handle those legal problems without Musk’s help.
Feb 15 (Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump’s media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.
So someone is essentially gifting Trump billions for a “merger”.
Not a bad idea actually. Just have to convince Musk that there are some Truth Social secret files that, uh, are important for, uh, that show gubment bad!
It was pretty obvious that Trump would try to scam Musk. Fortunately, given his own difficulties, Musk was unlikely to agree - we're just fortunate these bills are coming due so far in advance of the election. And also that, given Musk's foreign birth, he'll never be eligible to be president or vice president (something that I'm sure sticks in his craw).
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