The company – which has only raised $5m since 2021 – benefits from meme stock status, valued not for revenue but for clicks
Trump could net $3bn after investors approve Truth Social to go public
Donald Trump racked up a paper fortune of $3bn on Friday when the Truth Social, the social media platform he created, completed a merger that listed the company on the US stock market.
Shareholders in Digital World Acquisition, the listed vehicle set to turn into Trump Media & Technology, approved the transaction on Friday morning, in a move that could boost Trump’s wealth considerably.