Merging with Digital World Acquisition Corp, Donald Trump’s social media company, Truth Social, now has the green light to become a publicly traded company. This means that everyday investors will be able to buy shares of Truth Social stock once it goes public starting as early as next week.
If everything goes as planned, Trump’s stake in Truth Social could be worth billions of dollars. As the founder of the company, Trump is set to receive a significant amount of stock in the merged entity. Some are saying over three billion. If the stock price performs well, his wealth could skyrocket.
It’s important to note that the money won’t be available to Donald Trump right away and he would have a hard time dumping the stocks or using it as a guarantee. That means this windfall would not bail him out of the $464 million he owes in the civil fraud judgment.
We will keep you updated as this story develops, on Fan Reviews News.
