Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Could Truth Social Save Trump from Asset Seizures?

March 22, 2024 By The Editors

President Donald J. Trump speaks with military service personnel Thursday, Nov. 26, 2020, during a Thanksgiving video teleconference call from the Diplomatic Reception Room of the White House. (Official White House Photo by Shealah Craighead)

New York Attorney General Letitia James seems hellbent on seizing President Donald Trump’s assets. Most of Trump’s wealth is tied up in his real estate empire and illiquid, so it hasn’t been easy for Trump to raise the cash necessary to pay fines in the recent civil case brought against him by James. One place he could potentially generate wealth with greater liquidity could be his ownership of part of Truth Social, which is preparing to go public via a Special Purpose Acquisition Vehicle buyout. Charley Grant reports at The Wall Street Journal:

Small investors have aggressively bought up shares of a shell company whose investors are voting on whether to take public his social-media company, Truth Social. Shares of the acquirer, known as Digital World Acquisition Corp., DWAC -7.97%decrease; red down pointing triangle are up 140% this year—and, judging by the comments in a forum of nearly 8,000 Truth Social users, not because buyers are anticipating long-term business success.

“I bought several times last Monday & Tuesday, little by little to show support of the stock,” said a Truth Social user going by the handle of fantasticblush.

“This is a Truth Movement and no matter what happens tomorrow this merger will happen tomorrow or in the future,” said Truth Social user ajdelval. “We will win this war no matter what.”

The episode is reminiscent of the 2021 meme stock craze, when investors bought up shares of businesses with poor growth prospects such as GameStop and Bed Bath & Beyond, causing the stocks to surge. But the stakes extend far beyond the stock market this time. The Republican nominee is in line to earn a windfall of about $3.5 billion if the vote goes through, potentially easing a financial crunch stemming from a $454 million judgment against him in a civil-fraud case.

The social network’s parent is set to go public by combining with a special-purpose acquisition company, or SPAC. A shareholder vote to approve the merger is scheduled for Friday. Trump’s company could replace the shell company in the stock market as soon as Monday. The new ticker would be DJT, a nod to Trump’s initials.

The clock is ticking for Donald Trump to pay a penalty of nearly half a billion dollars in his New York civil-fraud trial. Here’s a look at the options he could use to finance his mounting legal bills. Illustration: Xingpei Shen/Ryan Trefes
Truth Social faces a challenging business outlook. The company booked about $3.4 million in revenue in the first nine months of 2023, according to a securities filing, and a net loss of about $49 million over that same period. The social network competes against such well- established competitors as Meta Platforms’ Facebook and Elon Musk’s X.

DWAC shares, which closed Thursday at $42.81, are “not trading on fundamentals, absolutely not,” said Kristi Marvin, chief executive of SPACInsider.com. “Institutions are not trading this.”

This isn’t the first time DWAC shares have surged. They closed as high as $97.54 in March 2022, then fell 87% over the next 15 months, in the midst of a broad stock-market selloff.

“What a message it would be if we closed at $45.47 today,” said user PrattyDaddy, an apparent reference to Trump’s status as the 45th and potentially 47th U.S. president. “Great way to say ‘Patriots in Control’ or ‘Trust the Plan’.”

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Majority Want Trump Back On Social Media
  • Trump Administration Rushing to Save Farmers
  • Trump Is Our Only Shot to Save America
  • Is Mueller Going After the Truth, or Trump?
  • Author
  • Recent Posts
The Editors
The Editors
The Editors
Latest posts by The Editors (see all)
  • STARLING: IBM Is Building a ‘Fault Tolerant’ Quantum Computer - June 16, 2025
  • Mossad in Iran - June 16, 2025
  • Are California Politicians Abetting the Violence? - June 11, 2025

Dick Young’s Must Reads

  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • You’re Ready to “Make It a Good Month”
  • Are You Guided by the Prudent Man?
  • “The Great Object Is that Every Man Be Armed”
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • The Clock is Ticking: You Must Protect Your Family
  • California’s Progressive Liberals Have Created a Monster
  • Joel Salatin Can Help Americans Beat Food Inflation
  • I Meant to Tell You My Recent “Survival Guy” Story

Our Most Popular Posts

  • The Night of the Living Dead
  • TRUMP: "Everyone Should Immediately Evacuate Tehran!"
  • Are You Familiar with the EF and Arithmetic?
  • A Classic Issue from Richard C. Young’s Intelligence Report
  • Political Theater on Display: Padilla's Wild Day
  • A Nationwide Day of Defiance
  • Best Bang for Your Buck: Top 5 AR-15s of 2025
  • Epic Man Cave with Car Elevator in Utah
  • Israelis Speculate on American Involvement in War with Iran
  • GBU-57/B: Massive Ordnance Penetrator (MOP)

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Richard C. Young’s Intelligence Report from Feb. 1987
  • America’s Energy Boom: Record Net Exports and Rising Renewables
  • Senate Passes First U.S. Stablecoin Regulation Bill
  • Game-Changing Vision: Meta and Oakley Unveil AI Performance Eyewear
  • A Great Victory for Liberty
  • Letchworth: Are You Living Your Best Retirement Life?
  • Job Openings Rise in Four States, National Rate Steady
  • Ethane Shipments Stall as U.S.-China Trade Tensions Rise
  • Historic Tax Cuts Across All States
  • Are You Familiar with the EF and Arithmetic?

RSS Yoursurvivalguy.com

  • Richard C. Young’s Intelligence Report from Feb. 1987
  • Private Equity Is the Next Big Thing Coming for YOU
  • The Wildlife in Kansas
  • PRECIOUS: Silver and Gold
  • June Rage Gauge: Best Déjeuners in Paris
  • Letchworth: Are You Living Your Best Retirement Life?
  • Will SALT Kill the “One Big Beautiful Bill?”
  • You’ve Read the Last Issue of Intelligence Report: Back to Investor’s Yield
  • The Sound of Silence?
  • Are You Familiar with the EF and Arithmetic?

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives