Jay Ritter

Trump Eyes $4 Billion Stock Windfall as His Legal Bills Pile Up

On the financial front, the news has appeared dire for former president Donald Trump this year. Within a span of just a month, two judges in two separate cases ordered him to pay about $540 million in total — a sum so great that pundits have speculated it could erode his campaign finances.

What’s gotten far less attention, though, is this: A frenetic rally in a stock tied to Trump Media & Technology Group — which operates the Truth Social platform he posts on daily — has minted a nearly $4 billion windfall for him.

Cordell Eminent Scholar Jay Ritter shares his insights on this transaction — known as a de-SPAC or blank-check deal – in this story from Yahoo! Finance.