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From the Liveblog of
Friday, March 22, 2024
From the Liveblog of
Friday, March 22, 2024
Trump’s social media network to go public, a move that could net him $3 billion
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File - Republican US presidential candidate Donald Trump speaks after voting in the Florida primary election in Palm Beach, Florida, March 19, 2024. (AP Photo/Wilfredo Lee)
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.
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