"Trump's Truth Social: The Wall Street Vote and Potential $3.4bn Windfall"
TL;DR Summary
Shareholders of Digital World Acquisition Corp. are set to vote on Friday on a merger with Trump Media & Technology Group, potentially allowing Trump's Truth Social to begin trading on the Nasdaq stock market. If approved, Trump stands to receive a significant payout, but a "lock-up" provision would prevent immediate cash out. The merger faces risks, including Trump's controlling interest and the platform's financial losses. Despite legal battles and financial concerns, Truth Social has attracted around 5 million users since its launch in February.
Topics:business#business-politics#digital-world-acquisition-corp#donald-trump#merger#stock-market#truth-social
- Is Donald Trump's Truth Social headed to Wall Street? It comes down to a Friday vote The Associated Press
- Why Trump may reap billions in Truth Social stock market merger BBC.com
- Trump Media merger faces legal challenges as deal nears crucial vote The Washington Post
- Donald Trump to make $3.4bn if shareholders back plan to float Trump Media The Guardian US
- A Truth Social windfall likely won’t solve Trump’s immediate financial crisis MarketWatch
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