Trump’s Net Worth Surges with Truth Social’s Public Debut
In a groundbreaking move, Trump Media & Technology Group, the parent company of Truth Social, has successfully gone public, leading to a substantial increase in former President Donald Trump’s net worth. The merger with Digital World Acquisition Corp. has resulted in a multi-billion dollar windfall for Trump, who now serves as the chairman and primary shareholder of the newly formed entity.
The completion of the merger has caused Digital World’s shares to skyrocket by 21%, with a further surge of 39% observed on Monday. Trump’s ownership stake in the company is currently estimated to be worth around $4 billion. However, due to lock-up restrictions, Trump may not be able to sell or leverage this value for several months.
The company’s primary objective post-merger is to ‘reclaim the Internet from Big Tech censors.’ Truth Social will be listed under the ticker symbol ‘DJT’ on the Nasdaq Stock Market, commencing trading on Tuesday.
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