Truth Social may merge with public shell company, potentially giving Trump stock worth billions

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Donald Trump's Truth Social may vote to merge with Digital World Acquisition Corp. on Friday, opening the door for the social media site company to trade on…

A merger with Digital World Acquisition Corp., which is up for vote Friday, would open the door for Trump Media & Technology Group to soon begin trading on the Nasdaq.All eyes are on a vote scheduled for Friday by shareholders of Digital World Acquisition Corp., a publicly traded shell company that is looking to merge with the former president's media business.

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. Former President Donald Trump was fined more than $350 million after a judge found that he used falsified financial statements to secure favorable bank terms.

 

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