_trump39s-truth-social-inches-closer-to-going-public-in-potential-merger.jpg "Trump's Truth Social Inches Closer to Going Public in Potential Merger from casino com Video Screenshot Preview")
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✓ Published: 23-Mar-2024
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✓ Published: 23-Mar-2024
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Donald Trump's Truth Social is poised to potentially go public through a merger with Digital World Acquisition Corp, pending a shareholder vote on Friday. If approved, Trump would own nearly 79 million shares of the combined company, worth over $3 billion based on Digital World's current stock price. However, he cannot immediately cash out due to a lock-up period. Trump's previous venture into public markets, Trump Hotels, and Casino Resorts went bankrupt in 2004 and was delisted from the NYSE. Truth Social has an estimated 5 million active users, far below competitors like TikTok and Facebook.
Donald Trump's Truth Social is poised to potentially go public through a merger with Digital World Acquisition Corp, pending a shareholder vote on Friday. If approved, Trump would own nearly 79 million shares of the combined company, worth over $3 billion based on Digital World's current stock price. However, he cannot immediately cash out due to a lock-up period. Trump's previous venture into public markets, Trump Hotels, and Casino Resorts went bankrupt in 2004 and was delisted from the NYSE. Truth Social has an estimated 5 million active users, far below competitors like TikTok and Facebook.
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