Trump could score $3.5 billion from Truth Social going public. But tapping the money may be tricky.
CBSN
Former President Donald Trump could soon receive a windfall valued as much as $3.5 billion, with shareholders of a publicly traded funding partner on Friday approving a merger with his Trump Media & Technology Group.
The approval occurred Friday morning, according to a livestream of the shareholder vote. Shares of Digital World Acquisition Corp., a so-called "blank check" company that will now merge with Trump's media group, jumped 5.5% in morning trading.
With Digital World Acquisition Corp. (DWAC) shareholders' approval of the deal, the businesses could soon combine, putting the former president's Truth Social social media platform on the stock market. Trump created Truth Social as a conservative-focused social media service after he was banned from Twitter, now known as X, and other platforms following the January 6th riot.
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