Former President Donald Trump is now being accused in a lawsuit of intentionally devaluing the media company he co-owns with two associates who met him as contestants on his reality TV show "The Apprentice."
The case could complicate a long-delayed bid by Trump Media & Technology Group, owner of the social network Truth Social, to merge with a special purpose acquisition company called Digital World Acquisition and become a publicly traded company.
That merger deal, which could value Trump’s stake in the company at more than $3 billion, would offer the former president a financial lifeline at a time when he is facing more than $454 million in penalties from a civil fraud judgment this month in New York.
So. Bribery.
Cuz no way is truth social worth 3 billion.
only $464 million to go! (and...counting... he better start an Only Fans or something, get ahead of that interest.)
https://web.archive.org/web/20240229202618/https://www.msn.com/en-us/news/politics/no-legitimate-business-purpose-trump-sued-by-truth-social-business-partners/ar-BB1j7hc6 :
https://web.archive.org/web/20240229202348/https://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/ :
So. Bribery.
Cuz no way is truth social worth 3 billion.
only $464 million to go! (and...counting... he better start an Only Fans or something, get ahead of that interest.)