Social media came to Trump's rescue

Social media seems to have come to the rescue for Trump, who's eyeing a return to the presidential race and grappling with financial woes due to recent hefty court fines. In a case brought by New York prosecutor Letitia James, Trump was hit with a record $454 million fine, but he couldn't come up with the necessary bond to prevent his assets from being seized during the appeals process. After the court accepted a $175 million bond and granted additional time, Trump, who owns 60% of the Truth Social platform, saw it go public on the Nasdaq exchange on Tuesday. Within a week, the company, traded under the symbol DJT, experienced around a 70% increase, reaching a market value of $8 billion and effectively adding about $4.5 billion to Trump's net worth on paper. Although Trump won't be able to sell his shares for six months due to stock market rules, he can potentially use them as collateral to secure the required bond from insurance companies.

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