Donald Trump’s social media company poised to debut on the stock market, potentially earning him $3 billion | US News
Truth Social, the social media company founded by Donald Trump, is preparing to go public and could potentially earn the former US president $3 billion.
Trump Media & Technology Group, the company behind the social networking platform, is expected to start trading on the Nasdaq stock market soon.
This development follows the approval of a merger deal by Acquisition Corp, a publicly traded shell company, in a Friday vote.
The deal values Trump’s majority stake in the company at around $3.6 billion (£2.8 billion).
This financial gain could be crucial for Trump as he faces the financial challenges of multiple legal cases, including a $454 million judgment in a civil fraud case in New York.
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