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Trump's social media company to go public - potentially netting him $3bn
Digital World Acquisition Digital World Acquisition (US:DWAC) Skynews·2024-03-22 14:56

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 ...