Trump Could Make Bil­lions From Truth Social Stock As Com­pa­ny Looks To Go Pub­lic

With a $454 mil­lion civ­il fraud judg­ment loom­ing over for­mer Pres­i­dent Don­ald Trump, the lead­ing 2024 pres­i­den­tial can­di­date could be look­ing at a mul­ti-bil­lion-dol­lar wind­fall as his social media com­pa­ny, Truth Social, aims to go pub­lic.
Share­hold­ers are expect­ed to vote Fri­day on a merg­er to take the plat­form pub­lic, The Wall Street Jour­nal report­ed. The social media com­pa­ny will like­ly merge with Dig­i­tal World Acqui­si­tion, a spe­cial-pur­pose acqui­si­tion com­pa­ny (SPAC), which Truth Social could then replace on the stock mar­ket with the tick­er DJT, Trump’s ini­tials. Trump’s stake in the pub­lic com­pa­ny would be around 60%, or $3.5 bil­lion at its cur­rent val­ue.
Dig­i­tal Wor …