No, the Truth Social merger isn’t going to save Donald Trump financially
Even as the days and hours tick down to the deadline for Donald Trump to post bond, and it’s increasingly clear that he doesn’t have the money, there’s still the pervasive notion that he’s going to just magically trip over the money at the last minute.
One of the most popular narratives has been that the Truth Social merger deal was going to bail Trump out. That’s not true at all, given that 1) the “money” he’s making from the deal only exists on paper and no one thinks it’s real, and 2) he’s not allowed to immediately cash out anyway.
But now that the deal has gone through today, some media outlets and pundits are indeed writing misleading headlines and tweets implying that Trump may be able to use the Truth Social “windfall” to bail himself out of the bond situation and stave off financial ruin.
Suffice it to say that this is every bit as false as it was when we debunked it last week, and the week before. The notion that Trump just got his hands on billions of dollars, from a company that most people consider to be worthless, is laughable. Even if it were true, such mergers don’t magically produce an immediate pile of cash. If Trump wants to try to pay his bond with shares of a Truth Social parent company, we’ll all be here to laugh.
