Donald Trump unlocks potential $3bn windfall after social media Spac deal
Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
https://www.ft.com/content/b7063e91-c94d-4dee-ba68-e1b60892588e
Shareholders of his Truth Social platform have voted to take the company public
research firm Similarweb estimates that Truth Social had roughly 5 million active users in February of this year — including mobile users as well as website visitors.
Julian Klymochko, founder and CEO of a Spac-focused fund at Accelerate Financial Technologies, said Digital World’s price rise was “not due to the underlying fundamentals”.
Truth Social “hasn’t really taken off”, Klymochko said. “At this point, it’s a meme stock. It’s really just a betting tool on the probability of Trump winning the election.”
yup invest now get back later 😆 it's Trump 101 where he takes but won't give back < to most anyway