Experts have raised concerns that Donald Trump's potential earnout from Truth Social could serve as a means for outside interests to influence him if he becomes president again. Jim Cramer highlighted the possibility of Trump using Truth Social stock to fund his 2024 election campaign, emphasizing the significant impact it could have in battleground states with the exclamation "Holy cow! Billions!". The politicization of the stock market by Trump, through investments in Truth Social, is seen as a strategic move, despite criticisms of the platform's profitability, with claims it will "never make a profit". Trump Media announced that it is flush with $200 million in cash and debt-free, following the public offering of Truth Social, which had its funds locked up until the merger.
Shares of Trump Media Jump After Company Says It Is Flush $200 Million in Cash and Debt-Free! (Read more: https://t.co/8tXMYxNWld) [DID PEOPLE FORGET THAT TRUTH SOCIAL WENT PUBLIC AND THOSE FUNDS WERE LOCKED UP UNTIL THE MERGER? “We are excited to be operating as a public… https://t.co/os6E1XhnQ6
‘To say that Truth Social is a foolish investment is to miss the point.’ Who cares that it will never make a profit? @SwordMercury: 👇https://t.co/nZWwMofdvX
In a land where political donations are increasingly ring-fenced, investing in Truth Social is a strong alternative. Donald Trump has politicised the stock market, writes @SwordMercury: 👇https://t.co/nZWwMofdvX
NEW: Jim Cramer says Trump could use Truth Social stock to fund his 2024 election campaign. "Well, the fact is, is that if he can get it, President Trump can get his hands on that stock and sell it? Holy cow! Those nine battleground states? Look out! Billions!" This comes after… https://t.co/oE0M1VhffA
Trump's potential Truth Social earnout is an avenue for outside interests if he becomes president, experts say https://t.co/Xi4rIX2RMK