This item is very inside baseball and very hard to understand, but it also very important, so here we go. As you undoubtedly know, Donald Trump needs to raise something in excess of half a billion dollars very fast to post a bond ...
... so he can appeal his losses in both the E. Jean Carroll #defamation case and the Letitia James case. Getting a bank to loan him the money him might be tricky, especially since he has just been found guilty of defrauding #banks.
Trump's Twitter clone is owned by the Trump Media & Technology Group (TMTG). The company's owners, mostly Trump, want to merge it w/Digital World Acquisition Corp. (DWAC).
The latter is a special purpose acquisition company (SPAC). Its prospectus basically said: "Invest in our company and when we get enough money, we will buy or merge with something valuable. Just trust us."