The download screen for Truth Social app is seen on a laptop computer, Wednesday, March 20, 2024, in New York. Shareholders vote Friday on a deal to merge Trump Media & Technology Group, which runs Truth Social, and Digital World Acquisition Corp. NEW YORK -
The greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly legal battle to date: a $454 million judgment in a fraud lawsuit. Trump's earlier foray into the stock market didn't end well. Trump Hotels and Casino Resorts went public in 1995 under the symbol DJT - the same symbol Trump Media will trade under. By 2004, Trump's casino company had filed for bankruptcy protection and was delisted from the New York Stock Exchange.
Trump Media lost $49 million in the first nine months of last year, when it brought in just $3.4 million in revenue and had to pay $37.7 million in interest expenses. Trump promoted Truth Social in a post on the social media network Thursday evening, saying: “TRUTH SOCIAL IS MY VOICE, AND THE REAL VOICE OF AMERICA!!! MAGA2024!!!”
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's Truth Social clears path to go public with DWAC merger voteDigital World Acquisition Corp. (DWAC) shareholders have officially approved the company's merger with Trump Media & Technology Group. Axios Business Editor ...
Read more »