Trump Media soars in first day of public trading
A trading frenzy was a triumph for the former president’s wealth. But Truth Social makes very little money, and Trump can’t sell his shares for six months.
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A trading frenzy was a triumph for the former president’s wealth. But Truth Social makes very little money, and Trump can’t sell his shares for six months.
Former President Donald Trump needs immense cash to pay more than $450 million in legal bills.
The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York.
Former US President Donald Trump moved a step closer to receiving a large payout from his social media company on Friday, when investors in a blank-check acquisition company accepted a merger valued at around $5.7 billion.
The deal values former US President Donald Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion.