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.
@ecksmc doesn’t it take a bit of work to get listed?! I thought the exchange does research on the financials to deem it worthy to be listed?! I thought you just can’t say ‘We are public!’ on Monday and bam you’re listed on Tuesday.
@WatchLover679 no idea
Investors approved plans to take Trump’s social media platform public on Friday, netting the former president a paper fortune of $3bn only
Trump’s supporters banded together to boost shares in Digital World. The stock has rallied by some 145% since the turn of the year, boosting the firm’s value to about $6bn.
The company will now trade on the stock market as Trump Media & Technology Group under the stock ticker “DJT” – Trump’s initials.
@ecksmc lol… they are going to lose a lot of money. I guess it’s their alternative to GoFundMe… since gofundme said you can’t do that fund. tRump and early investors are going to clean up. Idiots