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Friday, March 22, 2024
Trump’s social media network to go public, a move that could net him $3 billion
Shareholders approve a merger to list Donald Trump’s social media venture on the stock market, potentially providing some $3 billion to the ex-US president.
Investors of Digital World Acquisition Corp., an investment vehicle, vote to combine with Trump Media & Technology Group, which owns Trump’s “Truth Social” platform.
The action provides Trump a potential windfall as he faces legal problems, although he may not be able to access the funds for several months.