Donald Trump’s Twitter clone Truth Social is slated to make its stock market debut as early as next week — giving the cash-strapped ex-president a potential windfall of more than $3 billion.Shareholders of blank-check acquisition company Digital World Acquisition Corp. on Friday approved a merger with the social media app’s parent company, Trump Media & Technology Group. Trump’s 58% personal stake in the publicly traded entity will be worth as much as $3.5 billion.The deal comes as the presumptive Republica ...

The price of shares in Digital World Acquisition Corp. fell by more than 12% Friday morning after the shell company's shareholders approved a merger with the social media company owned by Donald Trump.DWAC had opened the trading day at $44.20 per share, but tumbled to below $38 at some points after the vote.The newly merged company, Trump Media, could begin trading under the new ticker DJT next week.Trump holds a majority of shares in the new company, which would be worth $3 billion or more given Friday's o ...

Donald Trump's social media company, Truth Social, is set to go public - potentially netting the former US president $3bn.It means Trump Media & Technology Group (TMTG), whose flagship product is the social networking platform, will soon begin trading on the Nasdaq stock market. In a vote held on Friday, Digital World Acquisition Corp, a publicly traded shell company, approved a deal to merge with Mr Trump's media business.The deal values his majority stake in the company at about $3.6bn (£2.8bn).The windfa ...

ToplineFormer President Donald Trump’s social media platform Truth Social will become publicly traded after Digital World Acquisition Corp. shareholders approved a merger with its parent company on Friday, multiple outlets reported, ending years of delay and potentially offering Trump a significant windfall amid mounting legal fees. Key FactsTrump would own a majority stake of nearly 79 million shares in the company, according to the Associated Press, which could equate to more than $3 billion at Digital Wo ...

Former President Trump will find out Friday if his social media platform Truth Social will be green-lighted to be traded on the Nasdaq stock market. A vote will take place on whether Trump’s media company, Trump Media & Technology Group, which operates his Truth Social site, can merge with Digital World Acquisition Corp, a publicly traded shell company.If the deal is approved, Trump Media & Technology Group could soon start trading on the stock market in Digital World’s place, potentially netting the former ...

Donald Trump’s legal problems are still piling up, but he may be about to see a cash influx. At long last, after months of delays, the Trump Media & Technology Group (TMTG) may be about to merge with blank check partner Digital World Acquisition Corp (NASDAQ:DWAC). The parent company of Trump’s social media platform, Truth Social, has unsuccessfully tried for years to complete the merger. Regulatory probes and ongoing requests from its partner to push back the vote have risen to block it. But tomorrow, Marc ...

Donald Trump could reap billions from his large stake in Truth Social.Trump created his social media platform after he was booted from mainstream ones following Jan. 6.Truth Social's parent company could complete its merger with an SPAC as soon as Friday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

Digital World Acquisition (NASDAQ:DWAC) — the special purpose acquisition company (SPAC) — planning to take Trump Media & Technology Group (TMTG) public sued ARC Global Investments II, its biggest investor. At issue is a critical vote that could determine whether DWAC stock goes through with the proposed business combination.According to a Bloomberg report, the lawsuit — filed in New York state court on Tuesday — represents the latest legal rumbling between Digital World and its former chairman, Patrick Orl ...

This week, the House of Representatives passed a bill that caught the attention of the entire country. Under the bill, popular social media app TikTok will be banned in the U.S. unless its Chinese conglomerate ByteDance agrees to sell it. This motion received strong bipartisan support, sponsored by Rep. Mike Gallager (R-WI) who introduced it along with Rep. Raja Krishnamoorthi (D-IL). Titled the Protecting Americans from Foreign Adversary Controlled Applications Act, this bill could severely disrupt the soc ...

ToplineFormer President Donald Trump discussed selling his social media site Truth Social to Elon Musk last summer, the Washington Post reported Tuesday, at the same time the company that planned to take the social network public faced an SEC investigation and regulatory pressure.Trump reportedly made the offer before the SEC approved a deal to take the social network public.NurPhoto via Getty Images Key FactsThe proposal ultimately didn’t lead to a deal, the Post reported, citing unnamed sources. The talk ...