"Trump's Truth Social: A Rollercoaster Ride of Wealth and Influence"

1 min read
Source: CNBC
"Trump's Truth Social: A Rollercoaster Ride of Wealth and Influence"
Photo: CNBC
TL;DR Summary

Donald Trump expressed his love for Truth Social after Digital World Acquisition Corp.'s stock plunged nearly 14% following shareholder approval of a merger with Trump's social media company. The decline in stock price raises concerns about the new company's revenue potential and Trump's legal troubles, including civil judgments and mounting legal bills. Trump's ownership stake in the newly merged company could be affected, and there are worries that he may try to sell shares to cover his legal costs, further impacting the share price. Trump Media will use the ticker symbol DJT when it begins trading on the NASDAQ stock market, but concerns about the company's financial prospects persist given Trump's history with publicly traded companies.

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