Why Trump may reap billions in Truth Social stock market merger
Posted on AllSides March 22nd, 2024
From The Center
Donald Trump appears to be scrambling for funds to pay a $464m (£365m) fraud fine. Could the stock market ride to his rescue?
Trump Media, which runs the social media platform Truth Social, is poised to become a publicly listed company, with shareholders of Digital World Acquisition Corp set to vote on Friday on whether to acquire it.
Mr Trump would have a stake of at least 58% in the merged company, worth more than $3bn at Digital World's current share prices.
Digital World, or DWAC (pronounced D-whack), is what...