Trump's Truth Social Merger Vote: Path to Public Trading Despite Past Bankruptcy and Usage Hurdles
• Shareholders to vote Friday on merger between Trump's Truth Social and Digital World Acquisition Corp, which could lead to Truth Social trading publicly • If merger approved, Trump would own nearly 79M shares worth over $3B based on current stock price • However, Trump cannot cash out for 6 months due to "lock-up provision" • Trump's prior foray into stocks with Trump Hotels and Casino Resorts ended in bankruptcy in 2004 • Truth Social launched in 2022 after Trump banned from major platforms, but still faces challenges gaining users compared to titans like TikTok and Facebook