"Trump-Linked Firm's Merger for Truth Social Faces Investor Concerns"
Pennsylvania billionaire Jeffrey Yass' firm, Susquehanna, is the largest institutional shareholder in the company that merged with Truth Social, Donald Trump's social media platform. This connection between a powerful GOP megadonor and the presumptive Republican nominee has raised eyebrows. Trump stands to gain over $3 billion from the merger, approved by shareholders, and the new company, Trump Media & Technology Group, will trade under the ticker DJT. Yass, a Republican megadonor, has not donated to Trump's campaign but has donated to other GOP candidates. The recent meeting between Yass and Trump has sparked speculation about potential financial pressure on Trump and his efforts to court Yass.
- Pa. billionaire Jeffrey Yass' firm has a large holding in company that merged with Trump's Truth Social The Philadelphia Inquirer
- Trump Can't Pledge His Truth Social Shares Even After It Goes Public Forbes
- Trump Media Merger Approved, Allowing Truth Social to Go Public The New York Times
- DWAC stock shares close nearly 14% down after Trump social media merger approved by shareholders CNBC
- The last time a Trump company went public it didn't go well for investors NBC News
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