PITTSBURGH, PA (PTTP) – On Monday March 25, the New York court lowered Trump’s bond
to $175 million to what he owes the state. They have also granted him 10 more days to give the
total due. This decision does not decrease the $454 million fine but guarantees that Trump will
pay if an appeals court occurs.
This owed money comes from Trump’s civil fraud case as he will have to pay the due
amount in cash or a bond (that would come with interest). There is skepticism around how
Trump will gather the money needed, but he is now slated to get $3 billion richer by the trading
merger of his Truth Social media.
This merger essentially makes Truth Social a public company where shares can get sold
to possibly net Trump billions of dollars. He has nearly 79 millions shares valued at $36.94. But
because of a lock-up provision, these new public shares cannot be sold for six months.
Truth Social media was created when Trump got banned from Twitter, following the Jan.
6 attack. He therefore created his own social media platform that only statistically attracted his
fans and followers. The app primarily contains MAGA supporters as Trump used his app in part
to launch his 2024 presidential campaign. It was meant to create a space to discuss politics
without any limitations.
When Trump can reap the billions of dollars he will receive at a later date, it will be used
to pay the money he owes New York and also for his presidential campaign to battle current
President Joe Biden. The race to November has been a whirlwind of court cases for Trump but
his social media platform merger may have provided a solution to his problems.
Credit: @dustinmills24 via X