Truth Social ‘Is Essentially Worthless’: MSNBC Analyst Says Shares Would ‘Go to Zero’ If Trump Tried To Sell

As former President Donald Trump scrambles for cash to pay the reduced $175 million bond in his civil fraud case, some have speculated that he’ll have billions more at his disposal once Truth Social goes public, possibly within the next week.

Bloomberg reported Monday that Trump’s wealth “SOARS to record $6.4 billion on SPAC [Special Purpose Acquisition Company] deal, making him one of the world’s 500 richest people.”

Late last week, shareholders of Digital World Acquisition Corp. approved the merger with Truth Social’s parent company, Trump Media & Technology Group.

Under the terms of the merger, Trump is unable to sell any shares for six months. Financial experts say that if and when he does sell, it could completely wipe out the company’s value.

Former New York Assistant Attorney General Adam Pollock told MSNBC’s Katy Tur Monday why he thinks the company is “essentially worthless” right out of the gate.

“This is a company that doesn’t make any money,” said Pollock. “And, sure, they could change the bylaws and the lock-up period and go to market and sell a share. Someone will buy a share, two shares. But if they went to market and tried to sell $3 billion, the value of the stock would go to zero — practically immediately.”

NBC news business and data correspondent, Brian Cheung, added that selling a massive amount of shares could open up Trump to more lawsuits.

“Let’s say, for example, they do change the bylaws, he sells and dumps a bunch of stock and then the stock price tanks. The shareholders say, ‘Well, that wasn’t much in the interest of shareholders.’ Maybe that opens him up to some legal liability.”

Watch the clip above via MSNBC.