Truth Social Is Going Public, Giving Trump $3 Billion Windfall
The former president will, however, have to wait six months before cashing in his shares
Truth Social is going public. In a Friday vote, the social media company’s blank-check funding partner — Digital World Acquisition Corp. — approved a merger with Trump Media & Technology Group.
The merger will be a lifeline to Truth Social, which incurred tens of millions in losses in 2023, and provide a massive windfall to its owner, former President Donald Trump. Given the current stock market value!-->…