Trump's social media company approved to go public, potentially netting former president billions

📆 22/03/2024 04:32 p. m.
📰 YahooFinanceCA

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Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge...

Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president's media business in a Friday vote. It comes as the presumptive Republican nominee is facing a $454 million judgment in a fraud lawsuit.

Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The green light from shareholders clears the final major hurdle for a long-delayed transaction that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s facing immense financial and legal pressure.

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Trump’s Truth Social to go public after DWAC deal, Nike and Lululemon falter: Yahoo Finance LiveFormer President Trump could rake in some $3 billion after Digital World Acquisition Corp. (DWAC) shareholders approved a merger with Trump Media...
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