Former President Donald Trump is expected to gain$ 3 billion, doubling his net worth, as a result of a fortune from his social media outlet, Truth Social, going public.
Investors voted to approve a merger between Digital World Acquisition Corp. ( DWAC ) and Trump Media &, Technology Group ( TMTG), the owner of Truth Social. The newly combined company may start buying on the Nasdaq Composite Index as early as next year under the DJT homepage, the same image used for Trump Hotels &, Casino Resorts before it filed for bankruptcy security in 2004.
Based on the$ 44 price before the vote announcement, the newly formed company will debut with a roughly$ 5 billion market value….
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