Republican presidential candidate former President Donald Trump speaks, Tuesday, April 2, 2024, at a rally in Green Bay, Wis.
The suit was filed on March 24 in Florida state court but hadn’t gained notice until a Bloomberg report on Tuesday. Truth Social’s merger and newly listed stock made Mr. Trump billions of dollars richer, at least on paper. The stock has been volatile, dropping over 20% on Monday amid reports of lousy Truth Social revenue but has gone up and down since then.
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Trump's Truth Social completes merger, could net former president over $3BSocial media company Truth Social, owned by Trump Media & Technology Group, completed a merger that could potentially earn the former president over $3 billion. The company can begin trading as a public company next week. However, a lockout provision currently prevents Trump from immediately selling or getting loans based on his shares. Trump faces a Monday deadline to secure a financial guarantee to cover a $464 million judgment against him.
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Truth Social stock: Former President Trump's media company begins trading on NasdaqTrading in former President Trump's Trump Media & Technology Group, the parent of Truth Social, began on the Nasdaq Tuesday morning after last week's merger vote.
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