23 March 2024 – Former President Donald Trump‘s media venture, Trump Media & Technology Group, is poised to make its debut on the stock market following approval from Digital World Acquisition Corp.’s shareholders. With Trump’s significant stake in the merged entity, valued at nearly 79 million shares, he could potentially earn close to $3 billion.
The approval of the merger signals Trump’s return to the stock market arena, presenting a significant financial opportunity for the former president. Despite facing legal challenges, including a substantial fraud lawsuit, Trump’s media venture moves forward, promising substantial returns for its key stakeholders.
Trump’s previous ventures into the public market have been met with mixed results, with Trump Hotels and Casino Resorts facing bankruptcy and delisting in the past. Nonetheless, anticipation among investors for the merger has been palpable, though recent fluctuations in Digital World’s stock suggest potential volatility ahead.
The financial performance and user engagement metrics of Truth Social, Trump Media’s flagship platform, will undergo increased scrutiny as the company prepares for public trading. With heightened attention from investors, Trump Media faces the challenge of navigating regulatory requirements and addressing concerns related to content moderation and user growth.